Recurrent Energy, a solar project developer and generating company, has announced the commercial operation of a 5 MW solar power system in San Francisco atop the Sunset Reservoir. The San Francisco Public Utilities Commission (SFPUC) is purchasing the renewable energy generated by the system under a 25-year power purchase agreement.
‘With this one project, we are tripling the amount of solar power used by San Francisco's local government and powering up California's largest municipal solar array,’ says San Francisco Mayor Gavin Newsom. The solar power will be used by the City and County of San Francisco's municipal services and facilities, such as the airport, light rail and city buildings. The project, which was awarded through a competitive bid process, leveraged a 30% federal tax credit available to the private sector to lower project costs.
In addition, Recurrent Energy has opened its first international office in Toronto. The office will serve as the center for Recurrent Energy's development activities in Canada and the eastern U.S. Approximately a dozen employees will be based in the downtown Toronto office, which is located at 214 King St. West, and will focus on development, permitting and construction management.
In April, the Ontario Power Authority (OPA) awarded contracts to Recurrent Energy for several distributed solar power projects under the OPA's feed-in tariff (FIT) program. The local Recurrent Energy team will provide on-the-ground support for the 149.5 MW of FIT projects, in addition to development of additional solar power assets.
For the OPA FIT projects, the company expects to invest over C$650 million in solar modules, electrical equipment, steel and metal fabrication, and related services such as installation and project management.
SOURCE: Recurrent Energy
