This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Recurrent Energy Reaches Commercial Operation Of 88 MWdc Solar Project Portfolio In Sacramento County

SAN FRANCISCO, Jan. 8, 2013 /PRNewswire/ -- Recurrent Energy, a leading North American solar project developer, today announced the commercial operation of the final of four solar photovoltaic (PV) projects, providing a total of 88 megawatts (MWdc) of clean electricity to the Sacramento Municipal Utility District (SMUD), the nation's sixth largest public utility, under a 20-year feed-in-tariff (FIT). With the commercial operation of this solar PV project, Recurrent Energy has now achieved operation of approximately 138 MW of solar power projects, a significant portion of the company's 600 MW total contracted portfolio.  

(Photo:  http://photos.prnewswire.com/prnh/20130108/SF38773)

The first three projects in the SMUD portfolio reached commercial operation earlier this year and all four solar PV projects are located in Sacramento County near the cities of Galt, Elk Grove and Sloughhouse. With the addition of the final 38 MWdc solar power project, the full 88 MW portfolio is expected to generate enough electricity to power more than 13,000 average U.S. homes.

"SMUD's pursuit of a sustainable and balanced power supply is paving the way for many other utilities," said Arno Harris, CEO of Recurrent Energy. "The completion of this portfolio showcases that strong renewable energy policy and collaboration between the public and private sectors can drive the solar industry to play a significant role in meeting our energy needs."

The 88 MW solar PV project portfolio secured a significant investment in December 2011 from Google and SunTap Energy RE LLC ("SunTap"), a venture formed by Kohlberg Kravis Roberts & Co. L.P. (KKR) to invest in solar projects in the U.S.  

About Recurrent Energy

Recurrent Energy is a leading solar project developer marketing clean power to utilities and large energy users. The company is meeting rising energy demand by building a portfolio of clean power plants located where they are needed most. Recurrent Energy is a U.S. subsidiary of Sharp Corporation. Additional details are available at www.recurrentenergy.com.

SOURCE Recurrent Energy

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs