(Utility Dive) BlackRock has agreed to pour $500 million into Recurrent Energy, a utility-scale solar and energy storage project developer, for a 20% stake in a bid to expand its renewable energy portfolio.
(Bloomberg) BlackRock Inc. agreed to invest $500 million in an arm of New York-listed Canadian Solar Inc. as it increases its bets on renewable power and energy storage. Canadian Solar shares jumped as much as 21%.
Delivering clean, reliable and affordable power to the world, today and tomorrow.
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.
©2024. Recurrent Energy. All Rights Reserved.
