Recurrent Energy, the renewables developer arm of solar manufacturer Canadian Solar, has reached commercial operation of its 100MW solar PV project in Texas, US.
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.