Recurrent Energy, a subsidiary of Canadian Solar Inc., has acquired a 420 MW PV portfolio in Spain’s Carmona, Seville. The portfolio comprises four projects – Rey I, II, III and IV – under construction, employing Canadian Solar’s TopBiHiKu7 N-type bifacial TOPCon modules. Estimated to generate 916,000 MWh annually, the plant is expected to power 275,000 homes and reduce CO2 emissions by 184,000 tons. The projects also promise local economic growth and job creation, contributing positively to the region’s development. In 2024, Recurrent Energy aims to initiate construction on over 1 GW of solar projects in Spain, marking significant progress in their expansion efforts globally.
Recurrent Energy acquires 420 MW PV portfolio in Spain
Recurrent Energy’s newly acquired portfolio in Spain aims to generate clean energy for over 275,000 Spanish homes. (Image Credit: Recurrent Energy).
The company currently operates 50 MW of solar capacity and has 283 MW in development in the Valencian region. (Image Source: NextPower UK)
The project will provide renewable energy to 600 residential subscribers, including low- and moderate-income households, at reduced rates. (Image Source: Chaberton Energy)
India, China, and Indonesia will lead APAC’s 57 GW dc floating solar capacity, achieving 31 GW (DC) combined by 2033. (Image Source: SOLARbytes)
EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)