Recurrent Energy, a global solar and energy storage developer and a subsidiary of Canadian Solar, announced the sale of its 49.9 MWp Middle Road solar project in Harbury, Warwickshire, to Centrica Business Solutions. The subsidy-free project, slated for construction this summer, will commence operations in 2025.
The Middle Road project is just one piece of Recurrent Energy’s expanding UK pipeline, which boasts over 2.6 GWp of solar PV and 6.7 GWh of battery storage projects. This mirrors the broader trend of increased investment in UK solar. Indeed, Recurrent announced €1.3 billion of financing for EU and UK solar projects earlier this week.
Ambitious goals
The Middle Road project’s sale not only contributes to the UK’s ambitious renewable energy goals, helping to accelerate the transition to clean energy but will also bolster the local economy, driving job creation and investment in the area.
“With a robust team in the UK, Recurrent Energy is growing our development pipeline throughout the UK to support the UK’s climate objectives,” said Ismael Guerrero, CEO of Recurrent Energy. “The Middle Road solar project will not only provide clean energy, but also support the local economy. While we are enhancing asset retention in Europe and North America, this project sale to Centrica highlights our ongoing flexibility to partner with leading companies on strategic transactions.”
This approach, balancing asset retention with strategic sales and its recent financing announcement, puts Recurrent Energy in a strong position in the UK and across Europe.
