Canadian Solar subsidiary Recurrent Energy has secured a $500 million preferred equity investment commitment, convertible into common equity, from BlackRock through a fund managed by its Climate Infrastructure business.
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 Recurrent Energy after the closing of the investment.
The investment will provide Recurrent Energy with additional capital to grow its development pipeline while executing its strategy to transition from a pure developer to a developer plus long-term owner and operator in select markets.
“We are delighted to have the support of BlackRock, one of the largest and most sophisticated renewable energy investors in the world, as we scale Recurrent Energy in response to massive global demand for renewable energy and energy storage solutions,” says Recurrent Energy CEO Ismael Guerrero. “This investment will support our growth and continued ambition to make a difference by leading the renewable energy transition across the world.”
As of September, Recurrent Energy had a global development pipeline of 26 GW in solar and 55 GWh in storage.
BofA Securities, Inc. and Banco Santander, S.A. acted as financial advisors to Canadian Solar.
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Recurrent Energy Announces $500 Million BlackRock Capital Commitment
Glenn Close is what Donald Trump would call a “woke celebrity.” Yet what he’s deliberately ignoring is that he has virtually zero support from the entertainment industry.
Sure, you can find an occasional Clint Eastwood or James Woods. But for every one of them, you’ll find perhaps a dozen intelligent and kind people like Close who deeply resents Trump’s attempts to steal democracy from the American people and the rest of the civilized world.
I’m no expert on political demographics, but is strikes me that someone like, say Jodie Foster, who could read at age three and graduated from Yale magna cum laude, probably sees life differently from the MAGA base of carrot farmers, truck drivers, and appliance repairmen.
Most Americans who have the means to travel have rented a car in Paris and driven it all over France. I happen to be the first Avis renter to pick up a car at Heathrow and take it through the Chunnel on my way to Paris, on my way to Stuttgart in western Germany.
How much French do I know? Close to zero. I don’t even know the French word for “zero.’ Was I a menace to the French? Doubt it.
This strikes me as pure MAGA racism. It’s an appeal to punish people with brown skin, or preferably, take them and their little children into detention and ultimately deport them. The more pain, the better.
Will You Be Safer if Non-English-Speaking People Can’t Drive?
Today’s America admires the rich, and we have no problem if our leaders are sociopathic rapists.
The more damage they do to the common U.S. citizen, the more we love them.
All they really need to do in order to retain our adoration is to continue to punish people with brown skin and give tax breaks to billionaires.
Quality education, healthcare, protecting our environment, and affordability are all issues for woke communists and sissies.
https://www.2greenenergy.com/2026/08/12/is-trump-the-greatest-president-ever/
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