Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has secured a US$500 million equity investment from Blackrock, the world's largest asset manager.
Over the last six months, two major US utilities – American Electric Power (AEP) and Duke Energy – have been selling off their commercial solar PV assets to private investment groups and consolidating their operations in regulated markets.
Between US$7 and US$9 billion in transferable tax credit transactions were made last year in the US, according to a report from Crux, an ecosystem for entities to transact and manage transferable tax credits.
PV Tech spoke with Jinko’s Victor Wei and Wally Zang, Senior IR Director and Technical Service Centre General Manager respectively, about the company’s investment in TOPCon, its fully vertically integrated plant currently being built in China’s Shanxi province and how it is looking at module products for deployment in offshore solar projects subject to hail conditions.
According to Syliva Levya Martinez, principal analyst of North American utility-scale solar at Wood Mackenzie: “These are not the last of these types of transactions we’re going to see”.
