Recurrent Energy acquires Spanish portfolio

The recently 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 an aggregate capacity of more than 420 MWp. These projects are currently under construction and will feature Canadian Solar's TopBiHiKu7 N-type bifacial TOPCon (Tunnel Oxide Passivated Contact) technology modules.

Once completed, Project Rey will not only supply clean, renewable energy, but also contribute economic and social benefits to the local community, including creating jobs and enhancing regional economic development.

The Rey portfolio is expected to produce approximately 916 000 MWh/y of clean energy, servicing the needs of more than 275 000 homes in the region and displacing approximately 184 000 t of carbon dioxide emissions.

Ismael Guerrero, CEO of Recurrent Energy, said: “The acquisition of this solar portfolio reflects our commitment to grow our assets both in Spain and around the world. While our goal is to strategically grow our development pipeline and assets under management through greenfield development, we continue to look for high-value acquisition opportunities. We are delighted to add the Rey projects to our growing portfolio.”

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Read the article online at: https://www.energyglobal.com/solar/01042024/recurrent-energy-acquires-spanish-portfolio/