Recurrent energy announces initial closing of investment from blackrock

New york and guelph, on , june 3, 2024 /prnewswire/ -- recurrent energy, a subsidiary of canadian solar inc. ("canadian solar") (nasdaq: csiq) and a global developer, owner, and operator of solar and energy storage assets, announced today the initial closing and funding of an investment in recurrent energy's platform by blackrock through a fund managed by its climate infrastructure business ("blackrock"). the initial closing of the transaction, first announced in january 2024, was contingent on requisite regulatory approvals and other conditions, which have now been met.
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