Recurrent energy announces $500 million capital commitment from blackrock to grow its global renewable energy platform

New york and guelph, on , jan. 23, 2024 /prnewswire/ -- recurrent energy, a subsidiary of canadian solar inc. ("canadian solar") (nasdaq: csiq) and a global developer and owner of solar and energy storage assets, announced today that recurrent energy b.v. has secured a $500 million preferred equity investment commitment, convertible into common equity, from blackrock through a fund managed by its climate infrastructure business ("blackrock").
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