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.
I suppose there are people who believe that the radical left is on a path to make Christianity illegal, and perhaps to install Islam as the official religion of the United States. This is remarkable for two reasons:
a) Every schoolchild in America learns about the First Amendment’s guarantee of freedom of religion at a very young age, and
b) This country made it successfully though 250 years with no one being ignorant enough to bring up this ridiculous concern.
One would hope that this figure of near 60% would indirectly translate into Trump’s ouster before he can take full control of the U.S. government.
We vote Trump’s stooges out of office in November and replace them people of honor. Trump is impeached, convicted and removed. From there, justice takes its course.
Nordex Q3 Orders Jump 30%, Vestas Bets on Australia
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