Recurrent Energy Expands Solar Pipeline in Spain with the Acquisition of a Portfolio exceeding 420 MWp
Recurrent Energy announced today the acquisition of a solar PV portfolio in the south of Spain with a capacity of more than 420 MWp.
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 wholly-owned subsidiary of Canadian Solar Inc. and function as Canadian Solar’s global development and power services business.
Recurrent Energy is focused on bringing low-cost clean energy and meaningful economic development to communities across the world. Recurrent Energy has completed the development of 9 gigawatts (GWp) of operating utility-scale solar projects and 3 gigawatt hours (GWh) of energy storage projects across six continents. We have more than 25 GWp of solar and 47 GWh of battery storage projects under development.
Recurrent Energy has an industry-leading team of in-house experts across all stages of the solar and energy storage project development lifecycle, from siting, design, interconnection, permitting and procurement to origination and structuring, financing, construction, operation and maintenance and asset management. Globally, we have 3.7 GW of operational projects under long-term operation and maintenance agreements. To complement our project development and services expertise, we also have extensive in-house power marketing and optimization experience.
Recurrent Energy announced today the acquisition of a solar PV portfolio in the south of Spain with a capacity of more than 420 MWp.
Recurrent Energy announced today that it has closed non-recourse project financing for its 119 MW Horus Solar project in the region of Aguascalientes, Mexico.
(PV Tech) Solar developer Recurrent Energy has secured US$160 million in project financing for its 127MW PV project in Louisiana, US.
(pv magazine) Recurrent Energy, a subsidiary of Canadian Solar, secured $160 million in project financing for its 98 MW Bayou Galion Solar project, in Northeast Louisiana.
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 wholly-owned subsidiary of Canadian Solar Inc. and function as Canadian Solar’s global development and power services business.
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The investment will provide Recurrent Energy with additional capital to grow its high value project development pipeline while executing its strategy to transition from a pure developer to a developer plus long-term owner and operator in select markets including the U.S. and Europe.