Recurrent Energy, a Canadian Solar subsidiary, has closed on a $500 million investment by BlackRock through a fund managed by its Climate Infrastructure business.
The transaction, announced in January, has been completed following the receipt of the second and final payment. The first payment took place in June. As agreed between the parties, BlackRock’s total investment has reached $500 million, representing 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 Recurrent Energy.
“We value our partnership with BlackRock and appreciate their commitment,” says Ismael Guerrero, CEO of Recurrent Energy.
“This strategic partnership positions Recurrent Energy at the forefront of the renewable energy industry, providing the financial strength necessary to continue developing key solar and energy storage projects globally, while also supporting our mission to deliver clean, reliable and affordable power to the world, today and tomorrow.”
The post Recurrent Energy Closes on $500M BlackRock Investment appeared first on Solar Industry.
Obama is ranked at or near the bottom by the MAGA base, but somehow he’s ranked an average of #7 by historians (who can read and write).
Strange, isn’t it?
The folks who posted this to social media write, “President Donald Trump’s recent comments on U.S.-Iran relations have prompted renewed discussion about American foreign policy.”
For “American foreign policy” I would substitute “Trump’s mental health.” After all, we are at war with these people, aren’t we?
Of course, most of us will remember Orwell’s “1984” and its line “War Is Peace.”
Every time I see something like what we have at left, I have a renewed sense of wonder: how can certain human beings be such terrible people?
FWIW, I more-or-less understand the MAGA base of racist idiots. I’m not happy that I live among them, but they don’t leave me scratching my head as to how they could have become who they are.
Randy Fine is no moron. His BA and MBA are from Harvard. There is no way he honesty believes that U.S. elections are rigged, or that Trump is an honest and effective servant of the American people. He’s simply a professional liar, and a traitor to his country.
I’m at a loss.
-
Greenhouse Gases11 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change11 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Renewable Energy9 months agoSending Progressive Philanthropist George Soros to Prison?
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Greenhouse Gases1 year ago
嘉宾来稿：探究火山喷发如何影响气候预测