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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.

Recurrent Energy Closes on $500M BlackRock Investment

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Renewable Energy

Countries Without God

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A couple of months ago, I happened to ask a friend who had emigrated from Sweden if she was religious. “No!” she exclaimed.  “Almost no one in Sweden is religious.”

As we see at left, there seems to be a huge correlation between atheism and the national level of happiness.  But what causes that?

Are believers unhappy people for some reason? That doesn’t make sense.

Here’s my two-fold theory. Atheists believe:

a) That we only live once, so we try to enjoy it while we can.

And, more importantly,

b) That we need to take care of one another (since there is no God).  We’re willing to make sacrifices if that means things like great education, universal healthcare, environmental responsibility, tolerable working conditions, and near-zero poverty.

Countries Without God

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Renewable Energy

From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”

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From this article in The Independent:

The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development.

Bluepoint Wind and Golden State Wind have agreed to end their offshore wind leases in exchange for reimbursements totaling nearly $900 million. Both companies have decided not to pursue any new offshore wind projects in the United States, the Interior Department announced Monday.

Bluepoint Wind is an offshore wind project in the early stages of development off the coasts of New Jersey and New York, while Golden State Wind is a floating offshore wind project proposed off California’s central coast.

Trump is hellbent on destroying the renewable energy industry so as to benefit his billionaire friends in fossil fuels.

He’s on course to be remembered as the most destructive person in world history, with the possible exception of Adolph Hitler.

From the Independent: “Trump Administration to Pay Two More Companies to Walk Away from U.S. Offshore Wind Leases”

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Renewable Energy

Understanding Pete Hegseth

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What is said here about Pete Hegseth is clearly true.

But keep in mind that he’s fiercely loyal to Donald Trump, and Trump couldn’t possibly care what happens to the United States, as long as he can stay out of prison and enrich himself and his family.

Understanding Pete Hegseth

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