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.
For those who struggle with elementary school arithmetic, Trump won the election (50%+ approval) out of more than 150 million votes cast, and now his approval rating is in the low 30s.
That’s ~30 million voters who regret their choices, out of the common American.
Add in the Tucker Carlsons of the world.
Absolutely.
It must be done, because our country is home to some hateful morons who want to see honest, hardworking, taxpaying people with brown skin deported, and their families torn apart.
It wasn’t the American way until recently, but it sure is now.
As shown at left, the United States is loaded with people who twist the facts to their liking.
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