Recurrent Energy Expands Solar Pipeline in Spain with the Acquisition of a Portfolio exceeding 420 MWp

Core Insights - Recurrent Energy, a subsidiary of Canadian Solar Inc., has acquired a solar PV portfolio in southern Spain with a capacity exceeding 420 MWp, indicating a strategic expansion in the European market [1][2] - The Rey portfolio, consisting of four projects, is expected to generate approximately 916,000 MWh of clean energy annually, serving over 275,000 homes and displacing around 184,000 tons of CO2 emissions [2] Company Overview - Recurrent Energy is recognized as one of the largest and most geographically diversified platforms for utility-scale solar and battery energy storage project development, ownership, and operations [3] - Canadian Solar Inc., founded in 2001, is a leading manufacturer of solar photovoltaic modules and has delivered over 118 GW of solar modules globally, with a significant project development pipeline [4] - The company has approximately 1 GWp of solar projects in operation and 7.4 GWp under construction or in backlog, alongside a battery energy storage project development pipeline of about 55 GWh [4]