Funding round
Recurrent Energy Growth
Reported as "Growth Equity"
Recurrent Energy, which works in utility-scale solar project development in Kitchener, raised $211M in a Growth round announced on 13 Aug 2026. 1 firm took part.
$211M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Recurrent Energy did not disclose a valuation in this round. It is Recurrent Energy's first venture round on record, 20 years after it was founded in 2006. No later venture round is on record for Recurrent Energy.
Recurrent Energy's funding rounds
This is the only venture round on record for Recurrent Energy.
- Debt not a venture round 23 May 2024 $1.41B
- Debt not a venture round 29 Apr 2025 $415M
- Debt not a venture round 13 Aug 2026, led by Mitsubishi UFJ Financial Group, Inc. (MUFG) and Nord/LB $484M
- Growth this round 13 Aug 2026 $211M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- Wells Fargo
Comparable rounds
How it compares
19 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $100M, and this round was 2.1 times the median. The closest in time, other companies' Growth rounds in Solar Energy Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Doral Renewables Solar Energy Company | 10 Aug 2026 | $400M | not disclosed | Doral Group Renewable Energy Resources Ltd. |
| Solar Energy Company | 31 Aug 2026 | $89M | $335M | not named |
| 38 Degrees North Solar Energy Company | 16 Sep 2026 | $260M | not disclosed | Apterra |
| Solar Energy Company | 20 Jul 2026 | $126M | not disclosed | Bay Capital Investment Ltd |
| Solar Energy Company | 24 Sep 2026 | $33M | not disclosed | Augment Infrastructure |
| Solar Energy Company | 12 Jun 2026 | $51M | not disclosed | not named |
| Enviromena Solar Energy Company | 27 Apr 2026 | $1.12B | not disclosed | not named |
| Solar Energy Company | 20 Apr 2026 | $118M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Recurrent Energy raise in its Growth round?
Recurrent Energy raised $211M in its Growth round, announced in Aug 2026.
Which investors took part in Recurrent Energy's Growth round?
Wells Fargo.
What was Recurrent Energy's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Solar Energy Company?
19 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $100M, and this round was 2.1 times the median.