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In its announcement, Recurrent Energy said that the investment will enable it to begin a shift from being solely a project developer to a developer-cum-owner and operator in select markets “including the US and Europe”. This shift, it said, would create a more diversified portfolio and more stable long-term revenue in “low-risk currencies”.
It also said that the money would support the growth of its project development pipeline, which it said stood at 26GW of solar and 55GWh of energy storage capacity – of which 13GW and 12GWh respectively have interconnections – as of September 2023.
To read the full version of this story, visit PV Tech.
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