"BlackRock's $500 Million Investment Boosts Canadian Solar Unit"

BlackRock Inc. is set to invest $500 million in Canadian Solar Inc.'s Recurrent Energy unit, marking its increased focus on renewable power and energy storage. The investment will help Recurrent Energy expand its project development pipeline and transition into a developer and long-term owner and operator of assets in the US and Europe. This move aligns with BlackRock's ambitions to become a major player in the growing market for alternative assets, and is the first investment by its fourth climate infrastructure fund.