RRecurrent Energy develops, owns, and operates utility-scale solar and energy storage projects around the world. It handles the full project lifecycle—from site identification and permitting to construction, asset ownership, and ongoing operations—serving utilities and large energy users. Revenue comes from development activities, ownership of assets, and long-term operations and services. The team of energy professionals inside Recurrent Energy designs and manages projects, leveraging the backing and resources of its parent company, Canadian Solar, to operate as a global development and power-services arm. Compared with others, it combines global reach with end-to-end capabilities and corporate support from Canadian Solar, enabling scale across international markets. The goal is to expand clean power generation by delivering a diverse portfolio of solar and storage projects worldwide, helping utilities and large buyers meet energy needs and sustainability targets.
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Total Funding
$5.3B
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Founded
2006
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Recurrent wins federal approval for NSW solar and battery project. Recurrent Energy's plans to build a 350 MW solar farm and 600 MWh battery in New South Wales have cleared another regulatory hurdle with the federal government's environmental watchdog providing the tick of approval for the project. 10 Nov 2026 Recurrent Energy's Sundown solar and battery project planned for southwest New South Wales' (NSW) New England region has been approved under the Australian government's Environment Protection and Biodiversity Conservation (EPBC) Act, moving the huge project closer to construction. Recurrent, the utility-scale solar and energy storage development platform of solar manufacturer Canadian Solar, said the Sundown project combines a 360 MW solar installation comprising about 660,000 PV panels with a 150 MW / 600 MWh battery energy storage system (BESS). The project is being developed across a 525-hectare site about 30 kilometres east of Inverell, within the New England Renewable Energy Zone (REZ). It would connect to the National Electricity Market (NEM) via the existing 330 kV transmission line that traverses the site. Recurrent said once operational, the facility will be capable of generating clean energy to meet the average annual electricity needs of about 176,000 households, while enhancing grid stability by supporting peak demand periods through its integrated storage solution. "Sundown Solar Farm will play an important role in providing stability to the NSW electricity network," the company said, adding that the electricity generated from the project will be sold to "one or more registered energy retailing organisations, large energy users or to the NEM." The federal nod for the Sundown solar and battery project comes after the NSW Independent Planning Commission provided its approval in August. The project secured grid connection approval under clause 5.3.4 of the National Electricity Rules from the Australian Energy Market Operator (AEMO) in April. Recurrent has not yet provided a construction timeline but it is anticipated the project will support approximately 300 jobs during the peak construction period. The Sundown solar and battery project is part of Recurrent expanding renewables portfolio. The company said it has completed the development of about 11 GW of operating utility-scale solar projects and 5 GWh of energy storage projects across six continents. It also has approximately 21 GW of solar and 76 GWh of battery storage projects under development. Its Australia projects include the 150 MW Carwarp Solar Farm in northwest Victoria, and the 100 MW / 200 MWh Mannum BESS in South Australia. now owned by Epic Energy. Recurrent is also developing the 100 MW / 200 MW Panorama Battery project near Bathurst in western NSW. This content is protected by copyright and may not be reused. If you want to cooperate with PV Magazine Australia and would like to reuse some of its content, please contact: [email protected]. More about
Recurrent Energy completes sale of two 100 MW / 400 MWh BESS projects in France to BW ESS. Oct 29, 2026, 07:00 ET The 200 MW / 800 MWh portfolio was sold to BW ESS, demonstrating Recurrent Energy's ability to develop and monetize high-quality battery energy storage projects. KITCHENER, ON, Oct. 29, 2026 /PRNewswire/ - Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a leading global developer, owner, and operator of solar and energy storage assets, today announced the sale of two standalone BESS projects in France to BW ESS, a global energy storage owner-operator. The portfolio comprises two projects: Baixas, located in the Pyrénées-Orientales department, with a capacity of 100 MW / 400 MWh, and Coquainvilliers, located in Calvados, with a capacity of 100 MW / 400 MWh. Both projects benefit from advanced transmission-level grid connection positions and have been developed around strong grid fundamentals, including very limited expected network constraints. Together, they will provide 200 MW / 800 MWh of flexible capacity to the French electricity system. Recurrent Energy originated and developed both projects, including securing the land, advancing grid connection, and managing permitting and local stakeholder engagement. BW ESS will acquire the projects, marking the first transaction between the two companies and BW ESS' entry into the French energy market. Recurrent Energy will continue to lead the projects through the remaining development phase, drawing on its local market knowledge, technical capabilities, and experience in delivering renewable energy and storage projects. Once the remaining development milestones have been achieved, BW ESS will lead the delivery of the assets through construction and into commercial operation. BW ESS intends to own and operate the assets over the long term. Erik Strømsø, CEO and Co-Founder of BW ESS, commented: "We are excited to work with Recurrent Energy through the next phase and to apply BW ESS' long-term owner-operator expertise as we bring these assets into construction and operation. Entering France is a significant milestone for BW ESS and a natural next step in the expansion of our global energy storage platform. These acquisitions give us an immediate 200 MW / 800 MWh platform in the country and provide a strong foundation for building a sizeable French portfolio. France has a strong nuclear base, but it also has a growing need for flexibility as weather-sensitive demand and an evolving generation mix create more variable system conditions. Batteries can complement France's nuclear backbone by adding the rapid-response flexibility needed to balance the system, absorb surplus power, and make low-carbon generation available when it is most valuable." Dylan Marx, CEO of Recurrent Energy, said: "This transaction with BW ESS showcases our ability to create value through the delivery of high-quality BESS projects, while remaining closely involved in their development through to commercial operation. It is a strong testament to the BESS platform we have built in France and our ability to continue scaling it. Once operational, the projects will provide flexible storage capacity to support grid stability, balance supply and demand, and facilitate the further integration of renewable energy into the French electricity system." ABOUT BW ESS BW ESS is a global energy storage owner-operator, moving with speed to develop, deliver and operate market-leading projects. The business is active in the UK, Australia, Italy, Germany, Spain, Sweden and France. It has more than 540MWh of operating Battery Energy Storage Systems (BESS), with ~12GWh under / pre-construction and a development pipeline of several gigawatts. Part of BW Group, BW ESS builds on decades of global infrastructure experience, takes a long-term view of projects and partnerships, and focuses on unlocking value throughout the energy storage asset lifecycle. About Recurrent Energy Recurrent Energy, a subsidiary of Canadian Solar Inc., is one of the world's largest and most geographically diversified utility-scale solar and energy storage project development, ownership, and operations platforms. With an industry-leading team of in-house energy experts, Recurrent Energy serves as Canadian Solar's global development and power services business. Additional details are available at www.recurrentenergy.com. About Canadian Solar Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 25 years, Canadian Solar has successfully delivered nearly 180 GW of premium-quality solar photovoltaic modules to customers across the world. Through its energy storage solutions business e-STORAGE, Canadian Solar has shipped over 23 GWh of battery energy storage solutions to global markets and had a contracted backlog of $3.5 billion as of June 30, 2026. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12.4 GWp of solar power projects and 6.4 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes approximately 22 GWp of solar and 84 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com. Safe Harbor/Forward-Looking Statements Certain statements in this press release, including those regarding the Company's expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "may", "will", "expect", "anticipate", "future", "ongoing", "continue", "intend", "plan", "potential", "prospect", "guidance", "believe", "estimate", "is/are likely to" or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 10, 2026. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law. Canadian Solar Inc. Investor Relations Contact Wina Huang Investor Relations Canadian Solar Inc. [email protected] SOURCE Canadian Solar Inc.
Sharp Corporation (hereinafter “Sharp”) hereby announces the completion of acquisition procedures for Recurrent Energy, LLC (hereinafter “Recurrent Energy”), a U.S. developer of distributed solar projects, making Recurrent Energy a wholly-owned subsidiary of Sharp as of November 4 (U.S. local time). The purchase price is 305 million U.S. dollars. Since the two companies reached the acquisition agreement on September 21 (U.S. local time), Sharp has been taking necessary procedures to make Recurrent Energy a wholly-owned subsidiary, while obtaining approvals from relevant authorities.
Recurrent Energy starts up Villameca Solar Project. AI Summary Recurrent Energy, a subsidiary of Canadian Solar Inc. and a leading global developer, owner, and operator of solar and energy storage assets, has commenced commercial operations at the Villameca Project in the Region of Castilla y León, Spain. The Villameca solar project is a solar photovoltaic (PV) plant with an installed capacity of 200 MWp and is expected to produce approximately 359,172 MWh of clean electricity annually. Its anticipated generation is sufficient to supply more than 100,000 homes while preventing approximately 57,000 tons of CO[2] emissions each year. This reduction is equivalent to removing more than 12,000 internal combustion vehicles from the road. The project adds to Recurrent Energy's expanding portfolio in Spain, following the recent inauguration of the 426 MWp Rey Solar Project in Andalucía. Another development, the 315 MWp Tordesillas Project in Castilla y León, is expected to be connected later this year. With these three projects, the company expects its total operational solar capacity in Spain to reach approximately 1 GW by year-end. Dylan Marx, CEO of Recurrent Energy, said, "The achievement of commercial operation at Villameca marks an important milestone for Recurrent Energy and strengthens our position in Europe. As we continue to grow our renewable energy portfolio, we remain committed to creating lasting value in the communities where we operate. We are particularly proud of this project's impact and the high level of social and biodiversity commitments achieved throughout its development." Sustainability measures and community development. The Villameca solar project received UNEF's Seal of Excellence during its permitting and construction phases. The recognition acknowledges that the plant was designed and developed in line with high sustainability standards. Beyond electricity generation, the project incorporates community development initiatives through Recurrent Energy's Community CaRE program. These efforts support local development through community facilities, educational improvements, and social initiatives. Biodiversity protection is another element of the project's development approach. Measures include habitat restoration, native vegetation planting and initiatives designed to safeguard local wildlife. These provisions include nesting structures, bat boxes, and insect hotels, reflecting the project's commitments to environmental protection and biodiversity throughout its development. The combination of community-focused initiatives and ecological measures forms part of the sustainability commitments associated with the solar facility. The project's recognition by UNEF also highlights the sustainability standards applied during its development and construction. Battery storage plans to support decarbonization. The Villameca solar project is expected to be hybridized with battery energy storage systems, an addition intended to further support decarbonization efforts and enhance grid stability. This planned integration forms part of Recurrent Energy's wider involvement in hybrid renewable energy developments across Europe. The company recently announced the grid connection of Montalto La Viola, one of Italy's first solar-plus-storage hybrid projects. That development further strengthens Recurrent Energy's expertise in developing and delivering hybrid renewable energy projects across Europe. With Villameca now operating commercially and battery storage integration anticipated, the project represents another addition to the company's Spanish solar portfolio. Its expected contribution to clean electricity generation, emissions avoidance and local sustainability initiatives complements the company's ongoing renewable energy development activities in the region. Power generation is moving faster than most forecasts predicted. The professionals who see it clearly aren't guessing - they're reading closer. They're reading the right things. The PowerGen Advancement briefing delivers that clarity - covering solar, wind, nuclear, hydrogen, transmission, and storage across every major energy market. * The stories power sector professionals will be discussing tomorrow, in your inbox today * Analysis that goes beyond the headline - written for readers who already understand how energy markets move * The briefing that the sector's most informed professionals open first
Renewables news: Recurrent Energy, Greencoat UK Wind, Metlen Energy, Karatzis Group. October 16, 2026 The latest renewable energy news includes announcements from Recurrent Energy, Greencoat UK Wind, Metlen Energy, Karatzis Group, and others. Recurrent Energy Commissions 200 MWp Villameca Solar Project in Spain Discover more Learn Physics Electricity Recurrent Energy, a subsidiary of Canadian Solar, has commenced commercial operations at its 200 MWp Villameca photovoltaic project in Castilla y León, Spain. The facility is expected to generate approximately 359,172 MWh of electricity annually, equivalent to consumption by more than 100,000 households. Estimated annual carbon dioxide emissions avoidance is approximately 57,000 tonnes. Villameca joins the company's 426 MWp Rey Solar project in Andalucía. Its 315 MWp Tordesillas project is expected to connect to the grid later in 2026. Together, these developments are expected to increase Recurrent Energy's operating Spanish solar portfolio to approximately 1 GW by year-end. The company also plans to integrate battery storage at Villameca. Greencoat UK Wind Acquires Remaining 20% Stake in 96.4 MW Wind Portfolio for £10.5 Million Greencoat UK Wind has acquired the remaining 20 percent interest in a 96.4 MW portfolio of five operational British wind farms from EDF Invest. The transaction was valued at approximately £10.5 million and financed through Greencoat's existing cash generation. The acquisition increases Greencoat's ownership of the portfolio to 100 percent, following its original purchase of an 80 percent interest in 2017. The portfolio includes Deeping St Nicholas, Red House, Glass Moor, Red Tile and Bicker Fen wind farms near Peterborough, England. EDF power solutions will continue providing operations and maintenance services. The companies will also examine potential turbine repowering opportunities to extend the assets' operating lives. Discover more wind-energy Wind Energy Metlen and Karatzis Inaugurate 330 MW/790 MWh Battery Storage Facility in Greece Greek energy companies Metlen Energy & Metals and Karatzis Group inaugurated a 330 MW/790 MWh standalone battery energy storage facility in Larissa, Thessaly, on October 14. The installation is Greece's largest standalone battery project and one of the largest in Europe. The facility was developed through a joint investment vehicle owned 49 percent by Metlen and 51 percent by Karatzis Group. Metlen was responsible for construction and will manage operations and maintenance. The project received financing support through the European Union's Recovery and Resilience Facility. Its electricity output was integrated into Greece's transmission system in August 2026. The battery will provide electricity storage, grid balancing and flexibility services supporting renewable generation. Discover more Renewables
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Industries
Company Size
501-1,000
Company Stage
N/A
Total Funding
$5.3B
Headquarters
San Francisco, CA
Founded
2006
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