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Recurrent Energy Completes Sale of 200 MWh Battery Storage Facility to Hunt Energy Network in Texas

CSIQ
  • Recurrent Energy, a subsidiary of Canadian Solar, completed the sale of its 200 MWh Fort Duncan Battery Storage facility to Hunt Energy Network on Feb. 24, 2026.
  • Canadian Solar expects to recognize revenue from the transaction in the first quarter of 2026.
  • The Fort Duncan facility is located in Maverick County, Texas, & reached commercial operation in June 2025.
  • The project previously secured $183 million in project financing & tax equity.
  • Fort Duncan operates on a merchant basis within the ERCOT South load zone & utilizes battery systems supplied by Canadian Solar's e-STORAGE division.
  • Hunt Energy Network, an affiliate of a major U.S. energy company, now owns 420 MW of battery storage facilities following this acquisition.
  • Ismael Guerrero, CEO of Recurrent Energy, stated the sale supports the company's strategy to selectively monetize projects to advance growth.
  • Pat Wood III, Executive Chairman of Hunt Energy Network, described the acquisition as a key step toward growing the company's presence in ERCOT.
  • Recurrent Energy has developed over 12 GWp of solar projects & more than 5 GWh of energy storage projects globally as of September 30, 2025.
  • Canadian Solar has shipped over 16 GWh of battery storage solutions & holds a $3.1 billion contracted backlog as of October 31, 2025.