Canadian Solar is working with Guggenheim Securities to explore options for its Recurrent Energy unit, according to people familiar with the matter.
Recurrent Energy has previously indicated it is looking to sell assets as part of efforts to reduce leverage. Bloomberg reports that Canadian Solar’s review includes consideration of possible transactions, while the Financial Post highlights that Recurrent continues to pursue asset sales to help de-lever its balance sheet. The sources do not describe the specific alternatives under consideration or any timeline for decisions.
Overall, the reporting centers on a process to evaluate strategic and financial choices for Recurrent, with Guggenheim involved in advising. While asset sales are described as an ongoing component of Recurrent’s de-levering effort, the outlets differ on emphasis, with one focusing on the involvement of Guggenheim and the other on Recurrent’s broader balance-sheet strategy.
