Chinese solar power developer Canadian Solar has completed the $265 million acquisition of Recurrent Energy from Sharp Corporation. The deal, first announced last month, 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. Seven late-stage projects formerly belonging to Recurrent Energy have now come under the Canadian Solar umbrella, adding 1 GW of soon-to-be-completed capacity to the company's U.S. portfolio, chiefly in the states of California and Texas. These low-risk additions to Canadian Solar's pipeline have pre-approved power purchase agreements (PPAs) in place with what the company terms "investment grade counterparties", and will boost Canadian ...Den vollständigen Artikel lesen ...