The European Commission (EC) on Wednesday cleared US investment giant BlackRock Inc’s (<a href="https://www.nyse.com/quote/XNYS:BLK" target="_blank">NYSE:BLK</a>) agreement to acquire a 20% stake in utility-scale solar and energy storage firm Recurrent Energy LLC, a unit of Canadian Solar Inc (<a href="https://www.nasdaq.com/market-activity/stocks/csiq" target="_blank">NASDAQ:CSIQ</a>).