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.
Apparently, this guy believes that the majority of Americans think poorly of Trump supporters, and wonders if this the message we want to send.
News flash: This is precisely the message we want to send.
I wonder what his doctorate is in. Filth? Debauchery? White collar felonies? War crimes?
The idiot’s t-shirt shown here raises the question: How do you define the word “support?”
In a certain sense, I support all countries, insofar as the people living in each deserve to live freely.
As an American, I support the United States. I revere it for its strengths, while I advocate for remedying its considerable set of weaknesses: corruption, injustice, racism, indifference to human suffering, militarism, and greed.
BREAKING: Texas Republicans are flailing after a party nominee posted vile racist commentary and refused to take it back.
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