{"id":1436,"date":"2024-03-26T16:55:13","date_gmt":"2024-03-26T07:55:13","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=1436"},"modified":"2024-03-26T18:04:02","modified_gmt":"2024-03-26T09:04:02","slug":"recurrent-energy-expands-solar-pipeline-in-spain-with-the-acquisition-of-a-portfolio-exceeding-420-mwp%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2024\/1436.html","title":{"rendered":"RECURRENT ENERGY EXPANDS SOLAR PIPELINE IN SPAIN WITH THE ACQUISITION OF A PORTFOLIO EXCEEDING 420 MWP"},"content":{"rendered":"\n<p>GUELPH, ON,&nbsp;March 20, 2024&nbsp;\/PRNewswire\/ &#8212;&nbsp;<a href=\"https:\/\/recurrentenergy.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Recurrent Energy<\/a>, a subsidiary of&nbsp;<a href=\"http:\/\/www.canadiansolar.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Canadian Solar Inc.<\/a>&nbsp;(&#8220;Canadian Solar&#8221;) (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today the acquisition of a solar PV portfolio in the south of&nbsp;Spain&nbsp;with a capacity of more than 420 MWp. Recurrent Energy currently has projects in various stages of development in&nbsp;Spain&nbsp;and expects to start construction on more than 1 GW of solar projects in the country in 2024.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The recently acquired portfolio is located in Carmona, a municipality in\u00a0Seville\u00a0(Andalusia) and consists of a cluster of four projects, Rey I, II, III and IV, with an aggregate capacity of more than 420 MWp. These projects are currently under construction and will feature\u00a0Canadian Solar&#8217;s\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.csisolar.com\/topbihiku7\/\" target=\"_blank\">TopBiHiKu7<\/a>\u00a0N-type bifacial TOPCon (Tunnel Oxide Passivated Contact) technology modules.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Once completed, Project Rey will not only supply clean, renewable energy, but also contribute economic and social benefits to the local community, including creating jobs and enhancing regional economic development.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The Rey portfolio is expected to produce approximately 916,000 MWh of clean energy each year, servicing the needs of more than 275,000 homes in the region and displacing approximately 184,000 tons of CO2 emissions.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Ismael Guerrero, CEO of Recurrent Energy,<\/strong>\u00a0said, &#8220;The acquisition of this solar portfolio reflects our commitment to grow our assets both in\u00a0Spain\u00a0and around the world. While our goal is to strategically grow our development pipeline and assets under management through greenfield development, we continue to look for high-value acquisition opportunities. We are delighted to add the Rey projects to our growing portfolio.&#8221;<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>About Recurrent Energy<\/strong><\/p>\n\n\n\n<p>Recurrent Energy is one of the world&#8217;s largest and most geographically diversified utility-scale solar and battery energy storage project development, ownership, and operations platforms. With an industry-leading team of in-house energy experts, Recurrent Energy is a wholly-owned subsidiary of Canadian Solar Inc.\u202fand functions as&nbsp;Canadian Solar&#8217;s&nbsp;global development and power services business. Additional details are available at&nbsp;<a href=\"http:\/\/www.recurrentenergy.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/www.recurrentenergy.com\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GUELPH, ON,&nbsp;March 20, 2024&nbsp;\/PRNewswire\/ &#8212;&nbsp;Recurrent Energy, a subsidiary of&nbsp;Canadian [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1436","post","type-post","status-publish","format-standard","hentry","category-releases"],"_links":{"self":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/comments?post=1436"}],"version-history":[{"count":2,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1436\/revisions"}],"predecessor-version":[{"id":1438,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1436\/revisions\/1438"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=1436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=1436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=1436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}