Recurrent Energy, a subsidiary of Canadian Solar Inc. (CSIQ), completed the sale of its 200‑megawatt‑hour Fort Duncan Battery Storage facility to Hunt Energy Network on February 24 2026. The merchant‑operated asset, located in Maverick County, Texas, began commercial operation in June 2025 and had secured $183 million in project financing and tax equity before the sale.
The transaction is expected to generate revenue for Recurrent Energy in the first quarter of 2026, providing a cash influx that will help offset the company’s high leverage and support its broader integrated platform strategy. CSIQ has faced significant financial pressure, reporting net losses in Q1 2025, and the sale is part of a broader effort to improve liquidity and fund future growth.
CSIQ’s integrated platform combines module manufacturing, battery storage, and project development, with its e‑STORAGE technology deployed at Fort Duncan. The sale demonstrates the company’s ability to monetize developed projects while retaining its core technology and expertise, a strategy that has already generated approximately $2 billion in project sales in 2024.
Hunt Energy Network is expanding its ERCOT footprint to 420 MW of battery assets, using its proprietary TraDER platform for optimization. Executive Chairman Pat Wood III said, “We are fully committed to dramatically growing our presence within ERCOT, and this acquisition is a strong step towards achieving that goal.”
Recurrent Energy’s CEO Ismael Guerrero noted, “This transaction represents an important milestone in our strategic initiative to selectively monetize projects to support our continued growth.” The sale aligns with Recurrent Energy’s broader strategy to monetize developed projects and reinvest proceeds into new developments.
The transaction underscores the growing demand for battery storage in the ERCOT market, where competition is intensifying and profitability increasingly depends on strategic site selection and operational timing. No immediate market reaction or analyst commentary has been reported, but the sale is a significant development for CSIQ’s financial positioning and its continued focus on integrated renewable solutions.
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