Renewable Energy M&A: BlackRock to acquire a 20% stake in Canadian Solar's subsidiary, Recurrent Energy

published on 24 January 2024


Did you know that the global demand for renewable energy is skyrocketing, setting the stage for major financial moves? In a groundbreaking development, Recurrent Energy, backed by Canadian Solar Inc., has secured a colossal $500 million investment from BlackRock. This blog delves into the significance of this investment and its implications for the renewable energy landscape. Get ready to explore how this pivotal move is shaping the future of energy.

The Power of Partnership:

The $500 million investment from BlackRock is not just a financial boost for Recurrent Energy; it's a strategic alliance that promises to revolutionize the renewable energy sector. This partnership enables Recurrent Energy to expand its project development pipeline significantly, transitioning from a pure developer to a long-term owner and operator in key markets like the U.S. and Europe. This move is expected to diversify their portfolio, ensuring stable, long-term revenue in low-risk currencies, and marking a significant step in renewable energy growth.

Global Impact and Innovation:

Recurrent Energy's global presence, with about 9 GWp of solar and 3 GWh of battery storage power plants since 2009, speaks volumes about its capability to lead in the renewable energy sector. With the BlackRock investment, they are poised to enhance their project development pipeline further. By 2026, Recurrent Energy aims to have 4 GW of solar and 2 GWh of storage in operation in the U.S. and Europe. This expansion is not just about numbers; it's about innovatively meeting the clean energy demands worldwide, showcasing the transformative power of renewable energy.

Practical Implications and Future Directions:

The practical implications of this investment are immense. It's not just about scaling up operations; it's about making a tangible difference in the world's energy consumption patterns. With actionable strategies, Recurrent Energy is set to provide clean, reliable, and affordable power across the globe. This investment is a testament to the growing importance and viability of renewable energy, signaling a shift towards more sustainable and responsible energy sources for future generations.


This significant investment by BlackRock in Recurrent Energy marks a pivotal moment in the renewable energy sector. It's not just about financial growth, but about a shared vision for a sustainable future. As we witness this exciting development, let’s keep an eye on how it transforms the renewable energy landscape. Join us in this journey towards a cleaner, greener world, and let’s embrace the power of renewable energy together.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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