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.
Solar Module Super League (SMSL) member and global solar manufacturer Canadian Solar will build a 5GW solar cell production facility in Jeffersonville, Indiana.
Canadian Solar says the private placement provided the company with enhanced liquidity and flexible funds to grow its subsidiary Recurrent Energy's global business.