Recurrent Energy, a subsidiary of Canadian Solar Inc has acquired a solar PV portfolio in the south of Spain with a capacity of more than 420 MWp. The acquired portfolio is located in Carmona, a municipality in Seville (Andalusia) and consists of a cluster of four projects, Rey I, II, III and IV, with a total capacity of more than 420 MWp. Reportedly, these projects are presently in the construction phase and will have Canadian Solar’s TopBiHiKu7 N-type bifacial TOPCon technology modules.
After completion, the project will also provide social as well as economic advantages to the local community, such as job creation and increased regional economic development. It is anticipated that the Rey portfolio will generate over 916,000 MWh of clean energy annually, meeting the needs of over 275,000 households in the area and offsetting roughly 184,000 tons of carbon emissions.
In January 2024, Recurrent Energy completed the sale of the Mannum battery energy storage system project to Epic Energy, an owner and operator of energy infrastructure. Recurrent Energy sold its third energy infrastructure project, the 100 MW/200 MWh Mannum project, to Epic Energy, located in South Australia.
