Ontario — Canadian Solar announces the rebranding of its wholly owned Global Energy subsidiary as Recurrent Energy.
Recurrent Energy, previously the Company’s North American utility-scale solar and energy storage project developer, will now encompass all its global development and services businesses.
The announcement says Recurrent Energy has established a leadership position in both solar and battery storage project development, with a total pipeline of 25 GWp in solar and 47 GWh in battery storage, of which 14 GW and 12 GWh, respectively, already have interconnections (as of January 31, 2023).
In addition, Recurrent Energy’s services business had 6 GW of projects under operations and maintenance contracts, either operational or contracted projects.
“As Canadian Solar continues to make a difference by supporting the global transition towards a more reliable, lower-carbon grid, we are pleased to streamline our development and operations and maintenance services under the Recurrent Energy umbrella,” said Dr. Shawn Qu, Chairman and CEO, Canadian Solar. “Recurrent Energy is now unified in its global mission and growth.”