Recurrent Energy valuation, funding and investors
Recurrent Energy works in utility-scale solar project development, based in Kitchener, Canada. Founded in 2006, it has about 838 employees.
Solar Energy Company Growth Equity
VALUATION · TODAY
$2.36B +1% after Growth
Range $1.53B – $3.75B · Grade BTODAY
+12 MO
$1.00B
$2.00B
$3.00B
$4.00B
2007
2009
2011
2013
2015
2017
2019
2021
2023
2025
2027
Growth $211M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY838 employees
−7%6m growth
−5%1y growth
+16%2y growth
500
1,000
1,500
Data from Jan 2021
Predicted in 1 yr $2.38B +1% vs today
Predicted next raise $231M if a round comes
Winding-down probability 45%
- Last round
- Growth · $211M · Aug 2026
- Valuation at last round
- $2.34B · implied
- Headcount
- 838 · down
- Grade
- B
- Founded
- 2006
Recurrent Energy valuation today
VCMC values Recurrent Energy at $2.4B today, with a range of $1.5B to $3.7B and a grade of B. The valuation starts from its last funding round, a growth round in Aug 2026.
Valuation by date (252 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Feb 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Mar 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Apr 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 May 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jun 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jul 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Aug 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Sep 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Oct 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Nov 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Dec 2006 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jan 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Feb 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Mar 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Apr 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 May 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jun 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jul 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Aug 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Sep 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Oct 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Nov 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Dec 2007 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jan 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Feb 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Mar 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Apr 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 May 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jun 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jul 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Aug 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Sep 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Oct 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Nov 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Dec 2008 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jan 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Feb 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Mar 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Apr 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 May 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jun 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jul 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Aug 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Sep 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Oct 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Nov 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Dec 2009 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jan 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Feb 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Mar 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Apr 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 May 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jun 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jul 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Aug 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Sep 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Oct 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Nov 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Dec 2010 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jan 2011 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Feb 2011 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Mar 2011 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Apr 2011 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 May 2011 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jun 2011 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Jul 2011 | $4.97M | $1.81M – $13.7M | $4.97M (0%) | before first round | – | unknown | D | 0% |
| 1 Aug 2011 | $4.97M | $1.81M – $13.7M | $4.99M (0%) | before first round | – | unknown | D | 0% |
| 1 Sep 2011 | $4.97M | $1.81M – $13.7M | $5.01M (+1%) | before first round | – | unknown | D | 0% |
| 1 Oct 2011 | $4.97M | $1.81M – $13.7M | $5.03M (+1%) | before first round | – | unknown | D | 0% |
| 1 Nov 2011 | $4.97M | $1.81M – $13.7M | $5.05M (+2%) | before first round | – | unknown | D | 0% |
| 1 Dec 2011 | $4.97M | $1.81M – $13.7M | $5.07M (+2%) | before first round | – | unknown | D | 0% |
| 1 Jan 2012 | $4.97M | $1.81M – $13.7M | $5.09M (+2%) | before first round | – | unknown | D | 0% |
| 1 Feb 2012 | $4.97M | $1.81M – $13.7M | $5.11M (+3%) | before first round | – | unknown | D | 0% |
| 1 Mar 2012 | $4.97M | $1.81M – $13.7M | $5.13M (+3%) | before first round | – | unknown | D | 0% |
| 1 Apr 2012 | $4.97M | $1.81M – $13.7M | $5.15M (+4%) | before first round | – | unknown | D | 0% |
| 1 May 2012 | $4.97M | $1.81M – $13.7M | $5.17M (+4%) | before first round | – | unknown | D | 0% |
| 1 Jun 2012 | $4.97M | $1.81M – $13.7M | $5.19M (+4%) | before first round | – | unknown | D | 0% |
| 1 Jul 2012 | $4.97M | $1.81M – $13.7M | $5.21M (+5%) | before first round | – | unknown | D | 0% |
| 1 Aug 2012 | $4.99M | $1.82M – $13.7M | $5.23M (+5%) | before first round | – | unknown | D | 0% |
| 1 Sep 2012 | $5.01M | $1.83M – $13.8M | $5.25M (+5%) | before first round | – | unknown | D | 0% |
| 1 Oct 2012 | $5.03M | $1.83M – $13.8M | $5.27M (+5%) | before first round | – | unknown | D | 0% |
| 1 Nov 2012 | $5.05M | $1.84M – $13.9M | $5.30M (+5%) | before first round | – | unknown | D | 0% |
| 1 Dec 2012 | $5.07M | $1.85M – $13.9M | $5.32M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2013 | $5.09M | $1.85M – $14.0M | $5.34M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2013 | $5.11M | $1.86M – $14.0M | $5.36M (+5%) | before first round | – | unknown | D | 0% |
| 1 Mar 2013 | $5.13M | $1.87M – $14.1M | $5.38M (+5%) | before first round | – | unknown | D | 0% |
| 1 Apr 2013 | $5.15M | $1.88M – $14.2M | $5.40M (+5%) | before first round | – | unknown | D | 0% |
| 1 May 2013 | $5.17M | $1.88M – $14.2M | $5.42M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jun 2013 | $5.19M | $1.89M – $14.3M | $5.44M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jul 2013 | $5.21M | $1.90M – $14.3M | $5.46M (+5%) | before first round | – | unknown | D | 0% |
| 1 Aug 2013 | $5.23M | $1.91M – $14.4M | $5.48M (+5%) | before first round | – | unknown | D | 0% |
| 1 Sep 2013 | $5.25M | $1.91M – $14.4M | $5.51M (+5%) | before first round | – | unknown | D | 0% |
| 1 Oct 2013 | $5.27M | $1.92M – $14.5M | $5.53M (+5%) | before first round | – | unknown | D | 0% |
| 1 Nov 2013 | $5.30M | $1.93M – $14.5M | $5.55M (+5%) | before first round | – | unknown | D | 0% |
| 1 Dec 2013 | $5.32M | $1.94M – $14.6M | $5.57M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2014 | $5.34M | $1.94M – $14.7M | $5.59M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2014 | $5.36M | $1.95M – $14.7M | $5.62M (+5%) | before first round | – | unknown | D | 0% |
| 1 Mar 2014 | $5.38M | $1.96M – $14.8M | $5.64M (+5%) | before first round | – | unknown | D | 0% |
| 1 Apr 2014 | $5.40M | $1.97M – $14.8M | $5.66M (+5%) | before first round | – | unknown | D | 0% |
| 1 May 2014 | $5.42M | $1.97M – $14.9M | $5.68M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jun 2014 | $5.44M | $1.98M – $14.9M | $5.70M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jul 2014 | $5.46M | $1.99M – $15.0M | $5.72M (+5%) | before first round | – | unknown | D | 0% |
| 1 Aug 2014 | $5.48M | $2.00M – $15.1M | $5.75M (+5%) | before first round | – | unknown | D | 0% |
| 1 Sep 2014 | $5.51M | $2.00M – $15.1M | $5.77M (+5%) | before first round | – | unknown | D | 0% |
| 1 Oct 2014 | $5.53M | $2.01M – $15.2M | $5.79M (+5%) | before first round | – | unknown | D | 0% |
| 1 Nov 2014 | $5.55M | $2.02M – $15.2M | $5.82M (+5%) | before first round | – | unknown | D | 0% |
| 1 Dec 2014 | $5.57M | $2.03M – $15.3M | $5.84M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2015 | $5.59M | $2.04M – $15.4M | $5.86M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2015 | $5.62M | $2.04M – $15.4M | $5.88M (+5%) | before first round | – | unknown | D | 0% |
| 1 Mar 2015 | $5.64M | $2.05M – $15.5M | $5.91M (+5%) | before first round | – | unknown | D | 0% |
| 1 Apr 2015 | $5.66M | $2.06M – $15.5M | $5.93M (+5%) | before first round | – | unknown | D | 0% |
| 1 May 2015 | $5.68M | $2.07M – $15.6M | $5.95M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jun 2015 | $5.70M | $2.08M – $15.7M | $5.98M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jul 2015 | $5.72M | $2.08M – $15.7M | $6.00M (+5%) | before first round | – | unknown | D | 0% |
| 1 Aug 2015 | $5.75M | $2.09M – $15.8M | $6.15M (+7%) | before first round | – | unknown | D | 0% |
| 1 Sep 2015 | $5.77M | $2.10M – $15.8M | $6.32M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2015 | $5.79M | $2.11M – $15.9M | $6.49M (+12%) | before first round | – | unknown | D | 0% |
| 1 Nov 2015 | $5.82M | $2.12M – $16.0M | $6.66M (+15%) | before first round | – | unknown | D | 0% |
| 1 Dec 2015 | $5.84M | $2.13M – $16.0M | $6.84M (+17%) | before first round | – | unknown | D | 0% |
| 1 Jan 2016 | $5.86M | $2.13M – $16.1M | $7.03M (+20%) | before first round | – | unknown | D | 0% |
| 1 Feb 2016 | $5.88M | $2.14M – $16.2M | $7.22M (+23%) | before first round | – | unknown | D | 0% |
| 1 Mar 2016 | $5.91M | $2.15M – $16.2M | $7.40M (+25%) | before first round | – | unknown | D | 0% |
| 1 Apr 2016 | $5.93M | $2.16M – $16.3M | $7.60M (+28%) | before first round | – | unknown | D | 0% |
| 1 May 2016 | $5.95M | $2.17M – $16.4M | $7.80M (+31%) | before first round | – | unknown | D | 0% |
| 1 Jun 2016 | $5.98M | $2.18M – $16.4M | $8.01M (+34%) | before first round | – | unknown | D | 0% |
| 1 Jul 2016 | $6.00M | $2.18M – $16.5M | $8.22M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2016 | $6.16M | $2.24M – $16.9M | $8.44M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2016 | $6.33M | $2.30M – $17.4M | $8.67M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2016 | $6.49M | $2.36M – $17.8M | $8.90M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2016 | $6.67M | $2.43M – $18.3M | $9.14M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2016 | $6.84M | $2.49M – $18.8M | $9.38M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2017 | $7.03M | $2.56M – $19.3M | $9.63M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $7.22M | $2.63M – $19.8M | $9.89M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $7.39M | $2.69M – $20.3M | $10.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $7.59M | $2.76M – $20.9M | $10.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $7.79M | $2.84M – $21.4M | $10.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $8.00M | $2.91M – $22.0M | $11.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $8.21M | $2.99M – $22.6M | $11.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $8.44M | $3.07M – $23.2M | $11.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $8.67M | $3.15M – $23.8M | $11.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $8.89M | $3.24M – $24.4M | $12.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $9.14M | $3.33M – $25.1M | $12.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $9.37M | $3.41M – $25.8M | $12.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $9.63M | $3.51M – $26.5M | $13.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $9.89M | $3.60M – $27.2M | $13.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $10.1M | $3.69M – $27.8M | $13.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $10.4M | $3.79M – $28.6M | $14.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $10.7M | $3.89M – $29.3M | $14.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $11.0M | $3.99M – $30.1M | $15.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $11.3M | $4.10M – $30.9M | $15.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $11.6M | $4.21M – $31.8M | $15.6M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $11.9M | $4.33M – $32.6M | $15.7M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $12.2M | $4.44M – $33.5M | $15.9M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $12.5M | $4.56M – $34.4M | $16.0M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $12.9M | $4.68M – $35.3M | $16.2M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $13.2M | $4.81M – $36.3M | $16.3M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $13.6M | $4.94M – $37.3M | $16.5M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $13.9M | $5.06M – $38.2M | $16.6M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $14.3M | $5.20M – $39.2M | $16.8M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $14.6M | $5.33M – $40.2M | $16.9M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $15.0M | $5.48M – $41.3M | $17.1M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $15.4M | $5.62M – $42.4M | $17.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $15.6M | $5.68M – $42.8M | $17.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $15.7M | $5.73M – $43.2M | $17.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $15.9M | $5.78M – $43.6M | $17.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $16.0M | $5.83M – $44.0M | $17.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2019 | $16.2M | $5.89M – $44.4M | $18.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2020 | $16.3M | $5.94M – $44.8M | $18.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $16.5M | $5.99M – $45.2M | $18.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $16.6M | $6.05M – $45.6M | $18.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $16.8M | $6.10M – $46.0M | $18.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $16.9M | $6.16M – $46.4M | $18.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $17.1M | $6.21M – $46.9M | $19.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $17.2M | $6.27M – $47.3M | $19.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $17.4M | $6.33M – $47.7M | $19.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $17.5M | $6.38M – $48.2M | $19.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $17.7M | $6.44M – $48.6M | $19.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $17.9M | $6.50M – $49.0M | $19.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $18.0M | $6.56M – $49.5M | $20.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $28.1M | $5.93M – $133M | $29.1M (+3%) | before first round | 110 | unknown | D | 0% |
| 1 Feb 2021 | $28.2M | $5.94M – $134M | $29.1M (+3%) | before first round | 110 | unknown | D | 0% |
| 1 Mar 2021 | $28.3M | $5.95M – $134M | $29.2M (+3%) | before first round | 110 | unknown | D | 0% |
| 1 Apr 2021 | $28.4M | $5.96M – $135M | $29.3M (+3%) | before first round | 110 | flat | D | 0% |
| 1 May 2021 | $28.4M | $5.96M – $136M | $29.3M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Jun 2021 | $28.5M | $5.97M – $136M | $29.4M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Jul 2021 | $28.6M | $5.98M – $137M | $29.4M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Aug 2021 | $28.7M | $5.99M – $137M | $29.5M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Sep 2021 | $28.8M | $6.01M – $138M | $29.6M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Oct 2021 | $28.8M | $6.03M – $138M | $29.6M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Nov 2021 | $28.9M | $6.04M – $138M | $29.7M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Dec 2021 | $29.0M | $6.06M – $139M | $29.8M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Jan 2022 | $29.1M | $6.07M – $139M | $29.8M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Feb 2022 | $29.1M | $6.09M – $139M | $29.9M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Mar 2022 | $29.2M | $6.10M – $140M | $30.0M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Apr 2022 | $29.3M | $6.11M – $140M | $30.0M (+3%) | before first round | 110 | flat | D | 0% |
| 1 May 2022 | $29.3M | $6.13M – $140M | $30.1M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Jun 2022 | $29.4M | $6.14M – $141M | $30.2M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Jul 2022 | $29.4M | $6.15M – $141M | $30.2M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Aug 2022 | $29.5M | $6.17M – $141M | $30.3M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Sep 2022 | $29.6M | $6.18M – $142M | $30.3M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Oct 2022 | $29.6M | $6.19M – $142M | $30.4M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Nov 2022 | $29.7M | $6.21M – $142M | $30.5M (+3%) | before first round | 110 | unknown | D | 0% |
| 1 Dec 2022 | $29.8M | $6.22M – $142M | $30.5M (+3%) | before first round | 110 | unknown | D | 0% |
| 1 Jan 2023 | $29.8M | $6.23M – $143M | $30.6M (+3%) | before first round | 110 | unknown | D | 0% |
| 1 Feb 2023 | $29.9M | $6.25M – $143M | $30.7M (+3%) | before first round | 110 | unknown | D | 0% |
| 1 Mar 2023 | $30.0M | $6.26M – $143M | $30.7M (+3%) | before first round | 110 | unknown | D | 0% |
| 1 Apr 2023 | $30.0M | $6.27M – $144M | $30.8M (+3%) | before first round | 110 | unknown | D | 0% |
| 1 May 2023 | $30.1M | $6.29M – $144M | $30.9M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Jun 2023 | $30.2M | $6.30M – $144M | $30.9M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Jul 2023 | $30.2M | $6.31M – $145M | $31.0M (+3%) | before first round | 110 | flat | D | 0% |
| 1 Aug 2023 | $30.3M | $6.33M – $145M | $31.0M (+2%) | before first round | 110 | flat | D | 0% |
| 1 Sep 2023 | $30.3M | $6.34M – $145M | $31.0M (+2%) | before first round | 110 | flat | D | 0% |
| 1 Oct 2023 | $103M | $25.3M – $356M | $105M (+2%) | before first round | 360 | growing | D | 0% |
| 1 Nov 2023 | $103M | $25.3M – $357M | $105M (+2%) | before first round | 360 | growing | D | 0% |
| 1 Dec 2023 | $103M | $25.4M – $358M | $105M (+2%) | before first round | 360 | growing | D | 0% |
| 1 Jan 2024 | $104M | $25.4M – $358M | $105M (+1%) | before first round | 360 | growing | D | 0% |
| 1 Feb 2024 | $104M | $25.5M – $359M | $105M (+1%) | before first round | 360 | growing | D | 0% |
| 1 Mar 2024 | $143M | $35.2M – $495M | $144M (+1%) | before first round | 550 | growing | D | 0% |
| 1 Apr 2024 | $144M | $35.3M – $497M | $144M (+1%) | before first round | 550 | growing | D | 0% |
| 1 May 2024 | $144M | $35.3M – $498M | $144M (0%) | before first round | 550 | growing | D | 0% |
| 1 Jun 2024 | $144M | $35.4M – $499M | $144M (0%) | before first round | 550 | growing | D | 0% |
| 1 Jul 2024 | $177M | $43.5M – $612M | $177M (0%) | before first round | 720 | growing | D | 0% |
| 1 Aug 2024 | $177M | $43.5M – $612M | $177M (0%) | before first round | 720 | growing | D | 0% |
| 1 Sep 2024 | $177M | $43.5M – $612M | $177M (0%) | before first round | 720 | growing | D | 0% |
| 1 Oct 2024 | $177M | $43.5M – $612M | $177M (0%) | before first round | 720 | growing | D | 0% |
| 1 Nov 2024 | $192M | $47.1M – $663M | $192M (0%) | before first round | 800 | growing | D | 0% |
| 1 Dec 2024 | $192M | $47.1M – $663M | $192M (0%) | before first round | 800 | growing | D | 0% |
| 1 Jan 2025 | $192M | $47.1M – $663M | $192M (0%) | before first round | 800 | growing | D | 0% |
| 1 Feb 2025 | $192M | $47.1M – $663M | $192M (0%) | before first round | 800 | growing | D | 0% |
| 1 Mar 2025 | $192M | $47.1M – $663M | $192M (0%) | before first round | 800 | growing | D | 0% |
| 1 Apr 2025 | $192M | $47.1M – $663M | $192M (0%) | before first round | 800 | growing | D | 0% |
| 1 May 2025 | $192M | $47.1M – $663M | $192M (0%) | before first round | 800 | growing | D | 0% |
| 1 Jun 2025 | $192M | $47.1M – $663M | $192M (0%) | before first round | 800 | growing | D | 0% |
| 1 Jul 2025 | $215M | $52.8M – $743M | $215M (0%) | before first round | 930 | growing | D | 0% |
| 1 Aug 2025 | $214M | $52.7M – $742M | $214M (0%) | before first round | 928 | growing | D | 0% |
| 1 Sep 2025 | $214M | $52.7M – $742M | $214M (0%) | before first round | 928 | growing | D | 0% |
| 1 Oct 2025 | $182M | $34.4M – $712M | $182M (0%) | before first round | 879 | up | D | 0% |
| 1 Nov 2025 | $182M | $34.4M – $712M | $182M (0%) | before first round | 879 | up | D | 0% |
| 1 Dec 2025 | $182M | $34.4M – $712M | $182M (0%) | before first round | 879 | up | D | 0% |
| 1 Jan 2026 | $182M | $34.4M – $712M | $182M (0%) | before first round | 879 | up | D | 0% |
| 1 Feb 2026 | $149M | $31.1M – $712M | $149M (0%) | before first round | 879 | flat | D | 0% |
| 1 Mar 2026 | $149M | $31.1M – $712M | $149M (0%) | before first round | 879 | flat | D | 0% |
| 1 Apr 2026 | $186M | $35.1M – $726M | $186M (0%) | before first round | 903 | up | D | 0% |
| 1 May 2026 | $186M | $35.1M – $726M | $186M (0%) | before first round | 903 | up | D | 0% |
| 1 Jun 2026 | $146M | $30.6M – $701M | $146M (0%) | before first round | 861 | flat | D | 28% |
| 1 Jul 2026 | $146M | $30.6M – $701M | $146M (0%) | before first round | 861 | flat | D | 28% |
| 1 Aug 2026 | $146M | $30.4M – $697M | $146M (0%) | before first round | 854 | flat | D | 36% |
| 14 Aug 2026 | $2.3B | $1.5B – $3.8B | $2.5B (+6%) | after a round | 854 | flat | B | 36% |
| 1 Sep 2026 | $2.4B | $1.5B – $3.8B | $2.5B (+5%) | after a round | 854 | flat | B | 36% |
| 1 Oct 2026 | $2.4B | $1.5B – $3.7B | $2.4B (+2%) | after a round | 838 | down | B | 45% |
| 24 Oct 2026 | $2.4B | $1.5B – $3.7B | $2.4B (+1%) | after a round | 838 | down | B | 45% |
Key facts about Recurrent Energy
- Founded
- 2006
- Headquarters
- Kitchener, Canada
- Employees
- about 838 -5% in a year
- Total raised
- $2.52B
- Funding rounds
- 4
- Last round
- Growth Equity Aug 2026
Recurrent Energy was founded in 2006 by Ismael Guerrero Arias and Javier Guerrero.
Recurrent Energy funding history
Recurrent Energy has 4 funding rounds on record, from May 2024 to Aug 2026, $2.52B in total. None disclosed a valuation.
$211M
Debt 13 Aug 2026no round page
Led by Mitsubishi UFJ Financial Group, Inc. (MUFG), Nord/LB.
Sources: recurrentenergy.com, datamintelligence.com, pv-magazine-usa.com and 2 more
$484M
Debt 29 Apr 2025no round page
With Banco Santander, Rabo Investments, Intesa Sanpaolo, Morgan Stanley.
$415M
Debt 23 May 2024no round page
With Santander Corporate & Investment Banking, ING, ABN AMRO, BBVA, Banco Sabadell, Rabo Investments, HSBC, Intesa Sanpaolo, Natwest, NORD/LB.
Sources: prnewswire.com, recurrentenergy.com, solarpowerportal.co.uk
$1.41B
Recurrent Energy investors
14 investors have backed Recurrent Energy; NORD/LB and Mitsubishi UFJ Financial Group, Inc. (MUFG) led at least one round.
- NORD/LB lead, 2 rounds
- Mitsubishi UFJ Financial Group, Inc. (MUFG) lead
- Intesa Sanpaolo 2 rounds
- ABN AMRO
- Banco Sabadell
- Banco Santander
- BBVA
- HSBC
- ING
- Morgan Stanley
- Natwest
- Wells Fargo
What Recurrent Energy does
Recurrent Energy works in solar energy company, with 15 recorded offerings and customers in renewable energy.
Recurrent Energy is a Canadian company engaged in the development, ownership, and operation of utility-scale solar and energy storage projects. The company operates as a global development and power services business for Canadian Solar Inc., providing services such as project development, origination, structuring, financing, engineering, procurement, construction, operations and maintenance, and asset management. Recurrent Energy serves clients in multiple regions, including the United States, Australia, Japan, and South Africa, and is committed to sustainability in its operations.
Description from Veridion's company data.
Products and services
- Utility-Scale Solar Project Development
- Utility-Scale Energy Storage Project Development
- Solar Project Ownership and Operations
- Energy Storage Project Ownership and Operations
- Solar Project Engineering and Construction
- Energy Storage Project Engineering and Construction
- Solar Project Financing and Structuring
- Energy Storage Project Financing and Structuring
- Solar Project Operations and Maintenance
- Energy Storage Project Operations and Maintenance
- Solar Asset Management Services
- Energy Storage Asset Management Services
- Clean Energy Project Consulting
- Sustainability Consulting Services
- Community Partnership Development Services
Markets
- Renewable Energy
Business model
- Business-to-Business
- Service Provider
- Enterprise
- Asset Management
- Real Estate Development
Industry codes (NAICS)
- 221114 Solar Electric Power Generation 50% match
- 237130 Power and Communication Line and Related Structures Construction 25% match
- 561210 Facilities Support Services 15% match
- 523910 Miscellaneous Intermediation 10% match
Questions about Recurrent Energy
What is Recurrent Energy worth?
Valuation $2.4B (range $1.5B to $3.7B), as of 24 Oct 2026.
Has Recurrent Energy raised money?
Recurrent Energy has 4 funding rounds on record, from May 2024 to Aug 2026, $2.52B in total. None disclosed a valuation.
Who has invested in Recurrent Energy?
NORD/LB, Mitsubishi UFJ Financial Group, Inc. (MUFG), Intesa Sanpaolo, Rabo Investments, ABN AMRO and Banco Sabadell, and 8 more. Lead investors include NORD/LB and Mitsubishi UFJ Financial Group, Inc. (MUFG).
How many people work at Recurrent Energy?
About 838, down 5% over the last year. Headcount grew from 110 in Jan 2021 to 838 in Sep 2026.
What does Recurrent Energy do?
Recurrent Energy works in solar energy company, with 15 recorded offerings and customers in renewable energy. Its main offerings are utility-scale solar project development, utility-scale energy storage project development and solar project ownership and operations.
When was Recurrent Energy founded, and where is it based?
Recurrent Energy was founded in 2006 and is based in Kitchener, Canada. It has about 838 employees, down 5% over the last year.