San Francisco-based solar power developer Recurrent Energy today announced a joint development agreement with France’s BlueWatt to finance, build, and operate 50 megawatts (MW) of solar photovoltaic (PV) power plants on rooftops of industrial, commercial and logistics buildings across France.
Recurrent Energy has global experience in the financing and engineering of distributed PV power plants, including projects such in Barcelona and Madrid (4.8 MW), Southern California 50 MW, and Ontario (154 MW).
BlueWatt has expertise in managing large infrastructure projects in France. Together the companies intend to provide large building owners in France with options to lease their unused rooftops as sites for solar power systems.
Under the terms of the agreement, BlueWatt will seek to develop and co-invest in rooftop based solar power projects with major real estate firms in France. Recurrent Energy will finance, own and operate the solar power systems once appropriate contracts are in place. The renewable electricity generated by the distributed power plants will be fed back into the local utility grid, for which Recurrent Energy will be paid a feed-in tariff in accordance with French regulation.
Recurrent Energy has a pipeline of over 1GW of distributed-scale solar projects in development across North America and Europe. For more information on Recurrent Energy and distributed solar power, please visit
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