Recurrent Energy, a subsidiary of Canadian Solar (CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced the signing of a 10-year Power Purchase Agreement with a major U.S.-based technology company. Under this agreement, the counterparty will procure renewable energy from a Recurrent Energy solar PV project located in Valladolid, in the northwestern Spanish autonomous community of Castilla y Leon. The Tordesillas solar PV project has an installed capacity of 300 MWp (peak) and is expected to be operational by 2026. Following energization, Recurrent Energy plans to own and operate the solar project.
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