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.
99% of this totally incorrect.
But hey, who cares, right? There’s a huge market for disinformation, and I’m sure you were handsomely paid.
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I’ve always wondered what this means. Christian Science? But if you reject science and hand your diseases over to Jesus, why would you need health coverage in the first place?
The point made at left is an interesting one, but it raises the question: Would our NATO allies have participated in a useless and illegal war even if Trump hadn’t insulted, bullied, and threatened them with military invasion?
I doubt it.
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