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San Francisco-based Recurrent Energy has been awarded 154.5 megawatts (MW) of distributed solar power projects under the latest round of contracts approved for a feed-in tariff under Ontario’s Green Energy and Green Economy Act.
Recurrent Energy will finance, build, own and operate the photovoltaic solar power systems, using equipment and services meeting the 60% domestic content requirements of the feed-in tariff program. The company expects to invest more than US$400 million in solar modules; electrical equipment; steel and metal fabrication; and related services such as installation and project management.
The Ontario Power Authority (OPA) will buy 100% of the power and renewable energy credits (RECs) from Recurrent Energy’s solar projects located in the Counties of Simcoe, Lanark, Middlesex, Oxford, and the United Counties of Leeds and Grenville. The projects are expected to be completed in 2011 and early 2012.
Recurrent Energy said the projects will make the company the largest distributed solar power project developer in Ontario under the OPA’s Feed-in Tariff Program. This award by the OPA and the Government of Ontario will result in Recurrent Energy and its partners contributing to the creation of over 2,500 solar jobs in the province including local manufacturing, engineering, construction, electrical, project development and related services.
“Ontario’s renewable energy policy leadership, including the goal of eliminating coal-fired power generation by 2014, makes the province an attractive area for renewable energy economic development and investment, which we are excited to be a big part of,” said Arno Harris, CEO of Recurrent Energy.
Recurrent Energy has a pipeline of over 1 gigawatt (GW) of distributed-scale solar projects in development across North America and Europe.
In Related News…
Wind Works Power Corp (WWPW.OB), a start-up green energy producer targeting projects in Canada, the United States and Europe, said on Friday it has been awarded seven contracts to produce a total of 80 MW of electricity under Ontario’s feed-in program.
Read Reuters coverage at the link below.
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