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.
Charles Schultz must be turning over in his grave.
If I were one of his descendants, I would have brought litigation to put a stop to this crap about 10 seconds after it began.
Using “Peanuts” Characters to Forward Ignorance of Important Issues
Obama is ranked at or near the bottom by the MAGA base, but somehow he’s ranked an average of #7 by historians (who can read and write).
Strange, isn’t it?
The folks who posted this to social media write, “President Donald Trump’s recent comments on U.S.-Iran relations have prompted renewed discussion about American foreign policy.”
For “American foreign policy” I would substitute “Trump’s mental health.” After all, we are at war with these people, aren’t we?
Of course, most of us will remember Orwell’s “1984” and its line “War Is Peace.”
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