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 This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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