Located in , Recurrent's 1.0 GW late-stage pipeline is one of the largest utility-scale project portfolios scheduled to be built prior to the ITC expiration in 2016, and represents an estimated revenue opportunity of at least The transaction further expands Canadian Solar's position as a leading solar energy developer, with a globally diversified project pipeline in low risk geographies. In addition, this transaction broadens Canadian Solar's project development and financing capabilities, and enhances the Company's position for creating its own Yield-Co in the quarters ahead.