Recurrent Energy — 20% stake in Canadian Solar's renewable energy subsidiary (11 GWp solar + 3 GWh storage globally)
BlackRock Climate Infrastructure acquires 20% of Recurrent Energy on fully-diluted basis. 25 GWp solar + 75 GWh storage development pipeline globally. Strengthens Recurrent Energy's capital base for IPP growth.
$500M
Deal Value
11,000MW
Capacity
3,000MWh
Storage
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate
- Seller / Sponsor
- Recurrent Energy
- Buyer / Financier
- BlackRock
- Deal Value
- $500M
- Stage
- Mixed (Operating + Construction + Development)
- ISO/RTO
- Multiple
- Source
- Canadian Solar
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