Canadian Solar completes acquisition of Recurrent Energy
from PV Magazine
Chinese solar power developer Canadian Solar has completed the $265 million acquisition of Recurrent Energy from Sharp Corporation. The deal sees the Sharp offload its U.S.-based project development subsidiary amid rumors — strongly refuted – that it is seeking an exit strategy from the solar business. For Canadian Solar, the acquisition furthers its global PV reach, expanding its solar project pipeline by around 4 GW, taking its total PV pipeline to 8.5 GW, of which 2.4 GW is at late-stage development.
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