BlackRock to acquire a 20% stake in Recurrent Energy for $500m.

BlackRock, an American investment firm, agreed to acquire a 20% stake in Recurrent Energy, a solar and energy storage project development, ownership and operations platforms, for $500m. "We are delighted to have the support of BlackRock, one of the largest and most sophisticated renewable energy investors in the world, as we scale Recurrent Energy in response to massive global demand for renewable energy and energy storage solutions. This investment will support our growth and continued ambition to make a difference by leading the renewable energy transition across the world. Our mission is to deliver clean, reliable and affordable power to the world, today and tomorrow, and this milestone will help us continue to achieve this goal," Ismael Guerrero, Recurrent Energy CEO.