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 solar project is projected to generate 295 GWh annually, contributing to the Philippines’ target of 35% renewable energy by 2030. (Image Credit/Source: Succo/Pixabay)
The Caucasus region will benefit from Astronergy’s cutting-edge photovoltaic technologies via Photomate. (Image Credit/Source: Linkedin/Photomate Eurasia)
The solar project supports Synopsys’ science-based targets of reducing scope 1 and 2 GHG emissions by 55% by 2032. (Image Credit/Source: MRganso/Pixabay)
BayWa r.e.’s solar portfolio supports tax revenue and renewable energy growth in key US markets. (Image Source: Bawya-re)