Recurrent Energy Signs 300 MW Power Purchase Agreement with Major U.S. Tech Company in Spain
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Recurrent Energy, a subsidiary of Canadian Solar Inc. (NASDAQ: CSIQ), has signed a 10-year Power Purchase Agreement with a major U.S. tech company for a 300 MW solar project in Spain.
December 10, 2024 | 12:15 pm
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POSITIVE IMPACT
Canadian Solar's subsidiary, Recurrent Energy, has secured a 10-year PPA with a major U.S. tech company for a 300 MW solar project in Spain, potentially boosting its revenue and market position.
The PPA with a major U.S. tech company signifies a significant business development for Canadian Solar, likely leading to increased revenue and strengthening its position in the renewable energy market. This positive development is expected to have a favorable impact on CSIQ's stock price in the short term.
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RELEVANCE 80