Simpson Thacher & Bartlett: BlackRock's Global Renewable Power Fund to Acquire Shares in Recurrent Energy
January 24, 2024
January 24, 2024
WASHINGTON, Jan. 24 -- Simpson Thacher and Bartlett, a law firm, issued the following news:
Simpson Thacher is representing affiliates of BlackRock's Global Renewable Power Fund IV ("GRP") in connection with a $500 million convertible preferred equity investment commitment to Recurrent Energy B.V. ("Recurrent Energy"), a subsidiary of Canadian Solar Inc. (NASDAQ: CSIQ). GRP's investment will represent up to 20% of the outstanding fully diluted shares of . . .
Simpson Thacher is representing affiliates of BlackRock's Global Renewable Power Fund IV ("GRP") in connection with a $500 million convertible preferred equity investment commitment to Recurrent Energy B.V. ("Recurrent Energy"), a subsidiary of Canadian Solar Inc. (NASDAQ: CSIQ). GRP's investment will represent up to 20% of the outstanding fully diluted shares of . . .