Recurrent Energy, a subsidiary of Canadian Solar, announced that it has signed a 10-year Power Purchase Agreement with GKN Automotive, the global leader in drive systems. This agreement will allow for the annual production of approximately 200 GWh of renewable electricity and marks GKN Automotive’s first renewable energy PPA in Europe. GKN Automotive will source renewable energy from Recurrent Energy’s Rey I Project, a 115 MWp solar PV project located in Seville, Andalucia, Spain. Currently under construction, Rey I is expected to be fully operational by the first half of 2026. Recurrent Energy will own and operate the project upon completion. The Rey I Project supports Spain’s leadership in renewable energy, producing approximately 240 GWh of clean energy each year, enough to power over 73,000 homes in the region and displace approximately 197,000 metric tons of CO2 emissions.
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