Recurrent Energy Secures Development Consent Order for the Tillbridge Solar and Battery Storage Project in the UK

Rhea-AI Summary

Recurrent Energy (NASDAQ: CSIQ) announced it secured a Development Consent Order (DCO) from the UK Secretary of State for the Tillbridge solar and battery project in Lincolnshire on Dec 2, 2025. The hybrid project pairs 800 MW of solar PV with 500 MW / 1,000 MWh of battery storage.

The facility is expected to generate about 857.6 GWh annually (enough for nearly 300,000 UK homes), prevent over 15 million tonnes of CO₂ over its lifetime, and create around 1,250 construction jobs. The project is a joint venture with Tribus Clean Energy and targets a minimum 64.44% net biodiversity gain plus local environmental and recreational benefits.

Positive

• DCO awarded by UK Secretary of State (regulatory approval)
• Project capacity: 800 MW solar + 500 MW / 1,000 MWh storage
• Expected annual generation: 857.6 GWh
• Emission avoidance: >15 million tonnes CO₂ over lifetime
• Construction jobs: ~1,250
• Planned 64.44% net biodiversity gain for local habitats

Negative

• None.

News Market Reaction

-6.15%

51 alerts

-6.15% News Effect

-11.5% Trough in 28 hr 37 min

-$116M Valuation Impact

$1.77B Market Cap

0.6x Rel. Volume

On the day this news was published, CSIQ declined 6.15%, reflecting a notable negative market reaction. Argus tracked a trough of -11.5% from its starting point during tracking. Our momentum scanner triggered 51 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $116M from the company's valuation, bringing the market cap to $1.77B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Solar capacity: 800 MW Battery capacity: 500 MW / 1,000 MWh Annual generation: 857.6 GWh +4 more

7 metrics

Solar capacity 800 MW Tillbridge solar PV component

Battery capacity 500 MW / 1,000 MWh Tillbridge battery energy storage system

Annual generation 857.6 GWh Expected yearly clean electricity from Tillbridge

Homes powered 300,000 homes Approximate UK homes powered annually by Tillbridge

CO₂ emissions avoided 15 million tonnes Lifetime CO₂ reductions from Tillbridge project

Construction jobs 1,250 jobs Expected employment during Tillbridge construction phase

Biodiversity gain 64.44% Minimum net biodiversity gain for local habitats

Market Reality Check

Price: $19.13 Vol: Volume 2,291,655 is at 0....

low vol

$19.13 Last Close

Volume Volume 2,291,655 is at 0.36x the 20-day average, showing relatively muted trading interest. low

Technical Shares trade above the 200-day MA at 13.31, indicating a pre-existing upward trend before this news.

Peers on Argus

CSIQ gained 5.64% while key peers like JKS, SEDG, SHLS, TOYO, and ENPH also show...

CSIQ gained 5.64% while key peers like JKS, SEDG, SHLS, TOYO, and ENPH also showed gains (up to 13.49%), but no peers appeared in the momentum scanner, suggesting the move looked more stock-specific than a coordinated sector surge.

Historical Context

5 past events · Latest: Dec 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 02	UK project approval	Positive	-6.2%	Tillbridge DCO approval for 800 MW solar plus large battery storage.
Dec 01	U.S. ops restructuring	Positive	+1.5%	Resuming direct oversight of U.S. manufacturing via CS PowerTech.
Nov 13	Q3 2025 earnings	Neutral	+0.6%	Q3 results at high end of guidance but with adjusted non-GAAP loss.
Nov 12	Germany storage deal	Positive	-4.5%	e-STORAGE secures 20.7 MW / 56 MWh battery project with long-term LTSA.
Nov 12	Canada storage contract	Positive	-4.5%	e-STORAGE to deliver 411 MW / 1,858 MWh system for Skyview 2 project.

Pattern Detected

Recent project win announcements often saw negative price reactions, while earnings and restructuring news drew mildly positive responses, indicating a pattern of selling into positive project headlines.

Recent Company History

Over recent months, Canadian Solar reported Q3 2025 results with $1.5B net revenue and 17.2% gross margin, alongside a contracted backlog of $3.1B. e-STORAGE secured storage projects in Germany (20.7 MW / 56 MWh) and Ontario (411 MW / 1,858 MWh). The company also moved to resume direct oversight of U.S. manufacturing via CS PowerTech. Against this backdrop, the Tillbridge DCO adds another large-scale UK hybrid solar-storage project to its global pipeline.

Market Pulse Summary

The stock moved -6.2% in the session following this news. A negative reaction despite positive proje...

Analysis

The stock moved -6.2% in the session following this news. A negative reaction despite positive project news would fit prior patterns where Canadian Solar saw selling follow large contract or project announcements. The Tillbridge DCO introduced an 800 MW solar and 500 MW / 1,000 MWh storage asset, yet past European and Canadian storage wins sometimes coincided with declines. Concerns about project execution risk, balance sheet strain, or profit visibility could have contributed to such weakness.

Key Terms

development consent order, solar pv, battery energy storage, net biodiversity gain

4 terms

development consent order regulatory

"it has been granted a Development Consent Order (DCO) for its Tillbridge"

A development consent order is a single legal approval that authorizes a major infrastructure or development project to proceed, combining planning permission and other required permits into one binding document after a formal review. For investors it matters because it provides legal certainty and clears a key hurdle to construction and revenue, similar to receiving a building permit plus all utility and safety sign-offs in one package, which reduces delay and financing risk.

solar pv technical

"The proposed project combines 800 MW of solar PV and 500 MW"

Solar PV (solar photovoltaic) describes panels or systems that convert sunlight directly into electricity using semiconductor materials. For investors, it matters because solar PV is a primary way companies and utilities generate renewable power, affecting revenue, capital spending, project returns and exposure to policy incentives or cost changes—similar to how a factory’s machines determine its output and profitability.

battery energy storage technical

"800 MW of solar PV and 500 MW / 1,000 MWh of battery energy storage"

A system that stores electrical energy in rechargeable batteries so power can be used later, like a large-scale rechargeable power bank for homes, businesses, or the electricity grid. It matters to investors because it helps smooth out supply and demand, lets operators sell power when prices are higher, backs up critical services during outages, and supports more renewable generation — all of which can create new revenue streams and reduce operational risk.

net biodiversity gain technical

"provide a minimum of 64.44% net biodiversity gain for local habitats"

Net biodiversity gain measures whether a project or business leaves nature in a better state than before, by increasing the number or health of species and habitats after impacts are accounted for. Think of it like renovating a neglected backyard and ending up with more diverse plants and wildlife than you started with. Investors watch it because legal requirements, supply-chain resilience, property values and public trust can all be affected when a company improves or harms local ecosystems.

AI-generated analysis. Not financial advice.

The project combines 800 MW of solar PV and 500 MW / 1,000 MWh of battery energy storage, marking a major milestone in Recurrent Energy's UK growth strategy.

KITCHENER, ON, Dec. 2, 2025 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ), and a leading global developer, owner, and operator of solar and energy storage assets, announced today that it has been granted a Development Consent Order (DCO) for its Tillbridge solar and battery energy storage project, located in Lincolnshire, England. The proposed project combines 800 MW of solar PV and 500 MW / 1,000 MWh of battery energy storage. The DCO, which was awarded by the UK Secretary of State for the Department for Energy Security and Net Zero, marks a major milestone in Recurrent Energy's UK growth strategy.

The Tillbridge site will be located several miles east of Gainsborough and it is a joint venture between Tribus Clean Energy and Recurrent Energy, both experienced renewable energy developers. Once operational, it will be one of the largest hybrid solar and storage facilities in the United Kingdom.

The facility is expected to generate approximately 857.6 GWh of clean electricity annually, enough to power nearly 300,000 UK homes. Over its lifetime, the project will prevent more than 15 million tonnes of CO₂ emissions and is expected to create around 1,250 jobs during the construction phase.

The Tillbridge project will deliver benefits both nationally and locally, helping to increase the UK's supply of reliable, secure, and low-carbon energy while offering environmental enhancements and community benefits. It is expected to provide a minimum of 64.44% net biodiversity gain for local habitats, improve green infrastructure connectivity through the creation of green corridors, and enhance local recreational trails for the community. Projects like Tillbridge are essential to achieving the UK's Net Zero ambitions and mitigating the impacts of climate change.

Ismael Guerrero, CEO of Recurrent Energy, said: "We are proud to achieve this important milestone for one of the UK's most significant solar and storage projects. Tillbridge represents a major step forward in supporting the UK's clean energy transition, strengthening grid reliability while delivering tangible community and environmental benefits. This achievement underscores Recurrent Energy's commitment to advancing large-scale renewable infrastructure in the UK and globally".

About Recurrent Energy

Recurrent Energy, a subsidiary of Canadian Solar Inc., is one of the world's largest and most geographically diversified utility-scale solar and energy storage project development, ownership, and operations platforms. With an industry-leading team of in-house energy experts, Recurrent Energy serves as Canadian Solar's global development and power services business. To date, Recurrent Energy has successfully developed, built, and connected 12 GWp of solar projects and more than 5 GWh of energy storage projects across six continents. As of September 30, 2025, its global pipeline includes approximately 23 GWp of solar power and 73 GWh of energy storage capacity. The company also has over 14 GW of solar and energy storage projects under operations and maintenance (O&M) contracts. These figures exclude China. Additional details are available at www.recurrentenergy.com.

About Canadian Solar

Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 170 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 16 GWh of battery energy storage solutions to global markets as of September 30, 2025, boasting a $3.1 billion contracted backlog as of October 31, 2025. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 25 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar power and battery energy storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to global pandemics; supply chain disruptions; governmental support for the deployment of solar power and battery energy storage; future available supplies of silicon, solar wafers and lithium cells; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as China, the U.S., Europe, Brazil and Japan; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; the pipeline of projects and timelines related to them; the ability of the parties to optimize value of that pipeline; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 30, 2025. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Canadian Solar Inc. Investor Relations Contact

Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com 

Recurrent Energy Media Inquiries

Inés Arrimadas
Recurrent Energy
comm_global@recurrentenergy.com 

View original content:https://www.prnewswire.com/news-releases/recurrent-energy-secures-development-consent-order-for-the-tillbridge-solar-and-battery-storage-project-in-the-uk-302629924.html

SOURCE Canadian Solar Inc.

FAQ

What did Recurrent Energy announce on Dec 2, 2025 about Tillbridge (CSIQ)?

Recurrent Energy said it secured a Development Consent Order for the Tillbridge 800 MW solar and 500 MW/1,000 MWh battery project in Lincolnshire.

How much power will Tillbridge (CSIQ) generate annually and how many homes will it serve?

Tillbridge is expected to generate about 857.6 GWh per year, enough to power nearly 300,000 UK homes.

What are the capacity details of the Tillbridge project announced by CSIQ?

The project combines 800 MW of solar PV with 500 MW / 1,000 MWh of battery energy storage.

What local environmental benefits did Recurrent Energy claim for Tillbridge (CSIQ)?

The project targets a minimum 64.44% net biodiversity gain, green corridors, and improved recreational trails for the community.

Will the Tillbridge project create jobs and reduce emissions according to CSIQ?

Yes; the announcement cites about 1,250 construction jobs and prevention of more than 15 million tonnes of CO₂ over the project's lifetime.