A fund managed by the Climate Infrastructure business of US investment giant BlackRock Inc (<a href="https://www.nyse.com/quote/XNYS:BLK" target="_blank">NYSE:BLK</a>) has achieved the initial closing of its previously disclosed investment in the solar and storage development platform of Recurrent Energy, a unit of Canadian Solar Inc (<a href="https://www.nasdaq.com/market-activity/stocks/csiq" target="_blank">NASDAQ:CSIQ</a>).