Canadian Solar acquires Recurrent Energy for $265mn

Canadian Solar Recurrent Energy Sharp Corp acquisition California Texas

Canadian Solar (Nasdaq: CSIQ) signed a definitive agreement with Sharp Corp. to acquire solar energy developer Recurrent Energy LLC for $265 million.

The acquisition will increase Canadian Solar’s solar project pipeline by approximately 4 GW to 8.5 GW, and its late-stage project pipeline by approximately 1 GW to 2.4 GW with projects located in California and Texas.

The deal is expected to close before the end of the first quarter 2015, subject to customary closing conditions and regulatory approvals.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...