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.
It’s actually surprising that it took so long for Trump to favor Putin in Russia’s war with Ukraine.
Trump loves all the things that Putin stands for: brutality against dissidents, defying the law, war crimes, lies, and fascism.
If it were possible, Trump would enjoy the same absolute power that Putin has, and Kim Jong Un has in North Korea.
To his credit, Trump is astute when it comes to the timing of his atrocities. Had he abandoned Ukraine in favor of Putin’s Russia too early, the American people would have been outraged.
Now, after Iran, detention centers, gas prices, farm failures, killing clean energy, years of support for white nationalism, gutting U.S. education, and so forth, Trump’s backing Russia seems perfectly normal.
Bercerra comes with some baggage, but at least he’s not endorsed by Trump.
The bulk of California’s population lives on or near the Pacific Coast, and consists of affluent and well-educated people who want to see Trump removed, convicted, and incarcerated. Yes, the inland folks are largely farmers, but their numbers are far too small to elect a Republican in the GOP of today, with this corruption, ignorance, racism, and cruelty.
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