Solar energy and energy storage project developer Reccurent Energy has appointed a new CEO from parent company Canadian Solar.
Dylan Marx, the current Chief Operating Officer (COO) at Canadian Solar, will take on the CEO role at Recurrent Energy effective immediately, replacing outgoing head Ismael Guerrero. Marx has been president of Recurrent’s energy services division since 2023.
Guerrero will continue in a non-executive advisory role until the end of 2026, Canadian Solar said, to “ensure a seamless transition.”
“Canadian Solar remains fully committed to supporting Recurrent Energy and working with our partners and stakeholders to drive long-term value,” said Colin Parkin, CEO of Canadian Solar. “Dylan’s deep knowledge of Recurrent Energy’s business, global perspective and proven track record of operational oversight make him the right leader to guide Recurrent into its next phase.”
This leadership change follows mediocre financial results for Recurrent Energy. The company posted operating losses of $60 million in the first quarter of 2026 and net revenues in the first quarter of 2026 were lower than in the previous two three-month periods. In its first-quarter earnings call, Guerrero said Recurrent’s near-term earnings and losses “may not be optimal.” The company claims to have a substantial solar project development pipeline of more than 23 GW.
In March, Recurrent Energy sold a 42.5 MWp solar project in Cornwall to investment manager Downing. The Higher Witheven project has also secured a Contract for Difference (CfD) in the government’s seventh allocation round (AR7).
