Recurrent Energy Announces Closing of $500 Million Investment from BlackRock
Canadian Solar Inc. - Common Shares (CSIQ)
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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Source: PR Newswire
NEW YORK and GUELPH, Ontario, Oct. 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 final closing of a $500 million investment in Recurrent Energy by BlackRock through a fund managed by its Climate Infrastructure business ("BlackRock").The transaction, announced in January 2024, has been completed following the receipt of the second and final payment. The first payment took place in June 2024. As agreed between the parties, BlackRock's total investment has reached $500 million, representing 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis. Canadian Solar will continue to own the remaining majority shares of Recurrent Energy.This milestone enables Recurrent Energy to advance investment in its high value project development portfolio, supporting its strategic transition from a pure devel
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CSIQ
Earnings
- 8/22/24 - Beat
CSIQ
Sec Filings
- 11/13/24 - Form SC
- 11/13/24 - Form SC
- 11/8/24 - Form SC
- CSIQ's page on the SEC website