US: Recurrent Energy sells 235 MW-AC of solar power assets to Korean utility


Canadian Solar is one of the world’s largest PV cell and module makers, and also has a strong presence in project development, which preceded its acquisition of San Francisco-based developer, Recurrent Energy.

But while many other PV module makers-turned-developers then took the route of creating much-hyped yieldcos to hold completed projects – companies which they largely later dumped at low prices – Canadian Solar has been quietly building up operational solar assets.

As of the end of Q3 2017, it had 1.4 GW of completed solar assets on its balance sheet, but that load will get a little lighter. This morning the company announced that Recurrent would sell three large solar plants – the Astoria 1 and 2 and the Barren Ridge – all of which are located in the dry lands of Southern California’s Kern County.

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