Recurrent Lands Big Utility Projects

By San Francisco Business Times

Recurrent Energy will develop 60 megawatts of solar projects for the Sacramento Municipal Utility District the company said.

The Utility District, which commonly is referred to as SMUD, wants independent developers to put 100 megawatts worth of projects in its territory as part of an effort to meet the stateâ¿¿s renewable energy mandates.

San Francisco-based Recurrent, which finances and develops solar projects usually between 1 and 20 megawatts in size near utility lines, will develop 12, five-megawatt sites in Galt and Elk Grove for SMUD. The solar systems are mostly slated for lower tier farmland that isnâ¿¿t being used for high-yield crops, said Recurrent CEO Arno Harris.

Recurrent has 330 megawatts of solar projects under contract, including 177 megawatts it landed in Ontario, Canada, and is quickly becoming one of the largest solar developers North America.

Copyright 2010 American City Business Journals

http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2010/07/05/daily54.html?ana=thestreet

Copyright bizjournals.com 2010

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