Office Will Support Canada and US East Region Business
TORONTO – SOLAR CANADA 2010 – (December 7, 2010) – Recurrent Energy, a leading solar project developer and generating company, today announced the opening of the company’s first international office in Toronto, Canada. The office will serve as the center for Recurrent Energy’s development activities in Canada and the US East Region.
Approximately a dozen employees will be based in the downtown Toronto office, which is located at 214 King Street West, and will focus on development, permitting and construction management. In April 2010, the Ontario Power Authority (OPA) awarded contracts to Recurrent Energy for the most distributed solar power projects under the OPA’s Feed-in Tariff Program. The local Recurrent Energy team will provide on-the-ground support for the 149.5 MWac of Feed-in Tariff projects, in addition to development of additional solar power assets.
“The opening of our Toronto office signals the next phase in Recurrent Energy’s long-term commitment to helping the province of Ontario meet its green energy and economy goals,” said David Brochu, Vice President, East Region Development and Managing Director, Canada, Recurrent Energy. “We have been active in the province for several years and are now investing heavily in the region to bring many solar power plants online by 2013, which is a direct result of the strong provincial policy leadership.”
For the OPA FiT projects, the company expects to invest over $650 million CAN in solar modules; electrical equipment; steel and metal fabrication; and related services such as installation and project management.
About Recurrent Energy
Recurrent Energy is a leading solar project developer and generating company marketing clean power to utilities and large energy users. Recurrent Energy is meeting rising energy demand by building a global portfolio of clean power plants located where they are needed most. The company has a global pipeline of over 2 GW of solar projects in development across North America, Europe, and emerging markets. Recurrent Energy is a US subsidiary of Sharp Corporation. For more information on Recurrent Energy and distributed solar power, please visit www.recurrentenergy.com.
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Media Contact:
Sean Gibson
Bite Communications for Recurrent Energy
415-365-0395
Sean.Gibson@bitecommunications.com
