Recurrent Energy, a global solar and energy storage developer and a subsidiary of Canadian Solar, has announced the sale of its 49.9 MWp Middle Road solar project in Harbury, Warwickshire, to Centrica Business Solutions. The subsidy-free project, which will be built this summer, will be put into use in 2025.
The Middle Road project is just one part of Recurrent Energy’s growing UK pipeline, which has more than 2.6 GWp of solar PV and 6.7 GWh of battery storage projects. This reflects the wider trend of increased investment in solar energy in Britain. Earlier this week, Recurrent announced €1.3 billion in financing for solar energy projects in the EU and Great Britain.
Ambitious goals
The sale of the Middle Road project will not only contribute to Britain’s ambitious renewable energy targets, accelerating the clean energy transition, but will also strengthen the local economy and drive job creation and investment in stimulate the area.
“With a robust team in Britain, Recurrent Energy is expanding our development pipeline across Britain to support the UK’s climate goals,” said Ismael Guerrero, CEO of Recurrent Energy. “The Middle Road solar project will not only deliver clean energy, but also support the local economy. As we enhance asset retention in Europe and North America, this project sale to Centrica highlights our continued flexibility to partner with leading companies on strategic transactions.”
This approach, balancing asset retention with strategic sales and the recent financing announcement, puts Recurrent Energy in a strong position in the UK and across Europe.
