Canadian Solar Inc. (NASDAQ:CSIQ) is one of the 10 Best Renewable Energy Stocks to Buy Now. On February 27, 2026, it was reported that Recurrent Energy, a subsidiary of Canadian Solar Inc. (NASDAQ:CSIQ), signed a 10-year power purchase agreement with a major Italian fashion group tied to the Pozzolo Project in Piedmont, Italy. Recurrent Energy’s own announcement, dated February 25, 2026, said the agreement covers 80% of the energy produced by the 8.05 MWp solar PV plant.
The company said the plant recently entered commercial operation and is located in an industrial area. Under the agreement, the counterparty is expected to receive about 10,864 MWh of clean electricity per year, along with the related Guarantees of Origin. Recurrent Energy also said the project is expected to avoid more than 2,500 tons of CO2 annually.
Recurrent Energy said the Pozzolo Project is its eighth connected project in Italy and its first in northern Italy, bringing its operating portfolio in the country to 132 MW. Chief Executive Officer Ismael Guerrero said the agreement supports renewable energy development in the region and reflects the company’s continued expansion in Italy and globally.
Recurrent Energy is a subsidiary of Canadian Solar Inc. (NASDAQ:CSIQ), which is one of the world’s largest solar technology and renewable energy companies. Canadian Solar says it has shipped 170 GW of solar modules and 15.7 GWh of battery storage, while Recurrent Energy’s pipeline stands at 25 GWp of solar projects and 80.6 GWh of energy projects.
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