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Solar Power World: Recurrent Energy sells Mustang solar project to Goldman Sachs

Canadian Solar announced its wholly owned subsidiary Recurrent Energy has sold its equity stake in the 134 MWp/100 MWac Mustang solar project to the Renewable Power Group of Goldman Sachs Asset Management. This transaction completes Recurrent Energy’s sale of equity stakes in the 973 MWp portfolio of California solar projects that came online in 2016. The company expects to recognize the sales revenue from Mustang in the second quarter of 2019.

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Recurrent Energy is one of the world’s largest and most geographically diversified utility-scale solar and energy storage project development, ownership, and operations platforms. With an industry-leading team of in-house energy experts, we are a  subsidiary of Canadian Solar Inc. and function as Canadian Solar’s global development and power services business.

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