Recurrent Energy, a subsidiary of Canadian Solar, has secured a $500 million investment commitment from BlackRock’s Climate Infrastructure business, representing 20% of its shares. Canadian Solar retains the majority ownership as Recurrent Energy transitions to an owner-operator role in key markets like the U.S. and Europe. This strategic shift enhances the project development pipeline and overall positioning for Recurrent Energy.
Recurrent Energy secures $500 Million capital boost from BlackRock
BlackRock invests $500 million to enhance Recurrent Energy’s global renewable energy platform. (Image source: Pexels)
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)