Recurrent Energy makes initial closing on BlackRock investment
- Admin
- Jun 6, 2024
- 1 min read
BlackRock's investment in Recurrent Energy allows the company to shift to an independent power producer. Recurrent Energy, a subsidiary of Canadian Solar, is set to receive a $500 million investment from BlackRock. This partnership aims to expand solar and battery energy storage projects in Europe and the US, with a long-term goal of 4GW of solar PV and 2GWh of storage capacity by 2026.
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