Recurrent Energy secures $500M investment commitment from BlackRock

Recurrent Energy secures $500 million investment commitment from BlackRock

Photo by Manny Becerra on Unsplash

Recurrent Energy, a subsidiary of Canadian Solar Inc., announced that it has secured a $500 million preferred equity investment commitment from BlackRock, convertible into common equity.

The $500 million investment will represent 20% of the shares of Recurrent Energy, and Canadian Solar will continue to own the remaining majority shares.

Recurrent Energy secures $500 million investment commitment from BlackRock

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