Hudson Clean Energy Partners has committed an initial $75 million to fund the expansion of solar power developer Recurrent Energy. Recurrent Energy develops, owns and operates distributed solar power systems, selling clean energy to large-scale energy users via power purchase agreements.
‘We're combining the two key ingredients that are necessary to bring solar power to scale: access to capital and the expertise to put it to use,’ says Arno Harris, CEO of Recurrent Energy.
‘We anticipate that this is just the beginning of an even larger financing relationship, and we are committed to providing Recurrent Energy with the resources it will need to be a powerhouse in solar energy,’ adds Neil Auerbach, founder and co-managing partner of Hudson Clean Energy Partners.
SOURCE: Recurrent Energy