And this transition is expected to create a more diversified portfolio and provide more stable long-term revenue in low-risk currencies, and enable Recurrent Energy to create and retain more excellent value in its project development pipeline.Recurrent Energy is one of the worlds largest and most geographically diversified utility-scale solar and energy storage project development platforms, with a strong track record of responsibly originating, developing, financing, and building around 9 GWp of solar and 3 GWh of battery storage power plants across six continents since 2009. And the perimeter of the deal includes the U.S., Canada, Spain, Italy, the U.K., France, the Netherlands, Germany, South Africa, Brazil, Chile, Colombia, Australia, South Korea and Taiwan and excludes Canadian Solars project development business in Japan and China, and certain assets in Latin America and Taiwan. The closing of the deal is subject to regulatory approvals and certain terms and conditions in accordance with the transaction agreements.Solar energy is the most affordable way to produce electricity in most places worldwide. Our mission is to deliver clean, reliable and affordable power to the world, today and tomorrow, and this milestone will help us continue to achieve this goal.We are excited to partner on behalf of our clients with Recurrent Energy. David Giordano, Global Head of Climate Infrastructure and Chief Investment Officer of Transition Capital, BlackRock