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Recurrent Energy receives initial investment from BlackRock

RECENTLY ACQUIREDJun 03, 2024

Amount Raised

$500 Million

Round Type

Venture

AustinEnergyRenewable EnergySolar

Investors

Black Rock

Description

Recurrent Energy, a subsidiary of Canadian Solar Inc., announced the initial closing and funding of an investment in its platform by BlackRock through a fund managed by its Climate Infrastructure business. The investment represents the majority of the planned capital infusion and enables Recurrent Energy to advance investment in its high value project development portfolio.

Quick answer

Recurrent Energy raised $500 Million in a funding round, dated June 3, 2024. Investors: Black Rock. Recurrent Energy is based in Austin, Texas, United States.

How much did Recurrent Energy raise?
Recurrent Energy raised $500 Million in a funding round on June 3, 2024.
Who invested in Recurrent Energy?
Black Rock is named as investors in this round.
What does Recurrent Energy do?
This structure provides Recurrent Energy significant flexibility to execute on its growth plans and accelerate its transition to a develop-to-own model in its core markets in North America and Europe, capturing the full..
Where is Recurrent Energy based and how big is it?
Recurrent Energy is based in Austin, Texas, United States. Fundz records about 829 employees.
Who are the decision-makers at Recurrent Energy?
Fundz holds 5 contacts at Recurrent Energy, including the Associate Director Global Continuous Improvement, QEHS. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Recurrent Energy that raised within 45 days of this round, from Fundz verified event records.

  • Naked Energy raised $22M (Series B) on July 15, 2024.
  • Sircel raised $5M (Funding Round) on July 11, 2024.
  • Orus Energy raised $2.4M (Pre-Seed) on July 5, 2024.
  • GlassPoint raised $2.7M on July 2, 2024.
  • GlassPoint raised $2.5M (Series A) on July 2, 2024.
  • Spruce Power raised $130M (Debt Financing) on July 1, 2024.

Who to call at Recurrent Energy, and when

A new round usually means Recurrent Energy is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Recurrent Energy raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Recurrent Energy, from your own LinkedIn network

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Company Information

Company

Recurrent Energy

Location

Austin, Texas, United States

About

This structure provides Recurrent Energy significant flexibility to execute on its growth plans and accelerate its transition to a develop-to-own model in its core markets in North America and Europe, capturing the full value of the projects developed in low-risk markets. As of the first quarter of 2023, Recurrent Energy has a total global solar PV project pipeline of 25 GWp and 47 GWh of battery storage of which 14 GWp and 12 GWh respectively have interconnections granted, with a large majority of the pipeline being developed from greenfield. Recurrent Energy is one of the world's largest and most geographically diversified utility-scale solar and battery energy storage platforms, with a track record of 9 GW of solar and 3 GWh of battery storage power plants now in operation in 29 countries across five continents.

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Fundz sees it the moment Recurrent Energy raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

5 contacts
Verified contactsGeraldo R., Associate Director Global Continuous Im… hidden hiddenSee plans and pricing
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Recurrent Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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