Recurrent Energy Acquires 420MW Solar Portfolio in Spain

By Editor


Recurrent Energy, a subsidiary of Canadian Solar, has announced the acquisition of a substantial solar PV portfolio with a capacity exceeding 420 MWp in southern Spain.

Situated in Carmona, a municipality in Seville, Andalusia, the newly acquired portfolio comprises four projects: Rey I, II, III, and IV. Currently under construction, these projects will utilize Canadian Solar’s advanced TopBiHiKu7 N-type bifacial TOPCon (Tunnel Oxide Passivated Contact) technology modules.

Once operational, the Rey portfolio will not only generate clean, renewable energy but also foster economic and social development in the local community. This includes job creation and bolstering regional economic growth.

Projected to produce approximately 916,000 MWh of clean energy annually, the Rey portfolio is poised to meet the energy needs of over 275,000 homes in the region while displacing approximately 184,000 tons of CO2 emissions annually.

Ismael Guerrero, CEO of Recurrent Energy, expressed enthusiasm about the acquisition, highlighting the company’s commitment to expanding its asset base in Spain and globally. Ismael Guerrero emphasized Recurrent Energy’s strategy of growing its development pipeline and assets through both greenfield development and strategic acquisitions, underscoring the significance of adding the Rey projects to their expanding portfolio. News Desk

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