Recurrent Energy, a subsidiary of Canadian Solar Inc., has completed the sale of the 200 MWh Fort Duncan Battery Storage facility in Maverick County, Texas, to Hunt Energy Network. Operational since June 2025, the merchant ERCOT South asset secured $183 million in financing. Revenue from the transaction is expected to be recognized in the first quarter of 2026.
PROJECT SNAPSHOT
U.S.-based Utility scale solar and storage developer, Recurrent Energy, a subsidiary of Canadian Solar Inc. has completed the sale of the 200 MWh Fort Duncan BESS facility to Hunt Energy Network, L.L.C. The project is located in Maverick County, Texas, within the ERCOT South load zone. Canadian Solar expects to recognize revenue from the transaction in the Q1 of 2026.
Fort Duncan Battery Storage commenced commercial operations in June 2025. The standalone battery energy storage system operates on a merchant basis in the ERCOT market and provides grid support and reliability services to the South Texas region. Prior to the sale, Recurrent Energy secured approximately $183 million in project financing and tax equity to support the development and construction of the facility.
The battery systems deployed at the site were supplied by Canadian Solar’s e-STORAGE division. The project has established an operational track record within the ERCOT South load zone, where battery storage assets play a key role in balancing supply and demand, supporting frequency regulation and managing price volatility in one of the most active power markets in the United States.
Hunt Energy Network, an affiliate of a privately held U.S. energy company with diversified operations, has been expanding its battery storage portfolio over the past 4-years. With the acquisition of Fort Duncan, Hunt Energy Network now owns and operates 420 MW of battery storage capacity. The transaction increases its exposure to the ERCOT market and adds a fully operational merchant battery asset to its portfolio.
Recurrent Energy continues to manage a global portfolio of solar and energy storage projects. As of September 30, 2025, the company reported a development pipeline of approximately 23 GWp of solar and 73 GWh of energy storage capacity, excluding China. It has developed and connected 12 GWp of solar projects and more than 5 GWh of energy storage projects across six continents. In addition, over 14 GW of solar and storage assets are under operations and maintenance contracts.
The sale of Fort Duncan aligns with Recurrent Energy’s strategy of selectively monetizing operational assets to recycle capital and support further development activities. The transaction reflects continued investor interest in utility-scale battery storage assets in Texas, particularly in merchant-oriented ERCOT markets where grid flexibility and fast-response resources remain in demand.
Pat Wood III, Executive Chairman of Hunt Energy Network, said the acquisition supports the company’s expansion in ERCOT and acknowledged collaboration with Recurrent Energy.
Ismael Guerrero, CEO of Recurrent Energy, said the sale aligns with its asset monetization strategy, noting Fort Duncan’s operational performance in Texas.