Net revenues for the quarter (for both CSI Solar and Recurrent Energy, the manufacturing and project development businesses) were US$1.6 billion, a 23% increase from US$1.3 billion in Q1.
Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has made an initial closing on BlackRock’s investment.
Solar project developer Recurrent Energy has secured a €674 million (US$730 million) revolving credit facility to expand its European solar and battery energy storage system (BESS) portfolio.
Solar developer Recurrent Energy has secured a €110 million (US$119 million)multi-currency finance facility to support the development of its global solar PV and energy storage project pipeline.
Recurrent Energy, the project development subsidiary of Chinese solar manufacturer Canadian Solar, has closed financing for the 119MW Horus Solar project in the region of Aguascalientes, Mexico.