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Canadian Solar subsidiary Recurrent Energy has closed on a BlackRock investment funding its platform, totaling $500 million once fully complete.

The investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis. Canadian Solar will continue to own the remaining majority shares of the company.

“With this financial and strategic support from BlackRock, Recurrent Energy is well-equipped to advance our development of key solar and energy storage projects globally,” says Ismael Guerrero, CEO of Recurrent Energy.

“We value our partnership with BlackRock and appreciate their commitment to our mission of delivering clean, reliable, and affordable power to the world, today and tomorrow.”

BlackRock is making the investment through a fund managed by its Climate Infrastructure business.

The post Recurrent Energy Closes on $500M BlackRock Initial Investment appeared first on Solar Industry.

Recurrent Energy Closes on $500M BlackRock Investment

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Renewable Energy

Money and its Effect on the Human Personality

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Today, I met a professional driver for the film-making industry whose principal focus is stunt-work.

Somehow, we got to talking about the many movie stars for whom he’s worked over the years, and how pleasant most of them are to be around.

He started by mentioning Kevin Costner.

“I really like him,” I said.  Please tell me he’s not an asshole.”

“Oh no; he’s a prince,” my new friend replied.  “I also do the driving for Jay Leno’s show about his massive garage full of vintage cars.  He’s even kinder. When we’re having lunch between shootings, he’ll often come up our table and ask if we need another Coke or two. Maybe desserts?”

We eventually got around to the stars who are, in fact, assholes.

“I drive in Lethal Weapon 4,” he began.

“Let me make a stab.  Mel Gibson?”

Yes.  One of the most hateful, most miserable people you could meet in 100 lifetimes.”

“That’s the rumor everyone’s heard,” I responded.  “It’s weird how people who have more money that God feel the need to be such terrible people.”

“Well, my theory is that money doesn’t change people; it only amplifies them.”

I remind him of Henry Ford’s observation above.

Great conversation.

Money and its Effect on the Human Personality

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Renewable Energy

At This Point, No One Should Believe a Word that Comes Out of Trump’s Mouth

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How Trump has any credibility with Americans–or the other citizens of planet–is a mystery that is impossible to unravel.

At This Point, No One Should Believe a Word that Comes Out of Trump’s Mouth

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Renewable Energy

What the 2026 Midterms Are Really About

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It’s good to hear Bernie Sanders say what he did here, but it’s sad that it needs to be said at all.

Are we really interested in lower grocery prices if we’re living in a dictatorship?

What the 2026 Midterms Are Really About

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