Recurrent Energy Reaches Commercial Operation Of 88 MWdc Solar Project Portfolio In Sacramento County

    Recurrent Energy Reaches Commercial Operation Of 88 MWdc Solar Project
                        Portfolio In Sacramento County

PR Newswire

SAN FRANCISCO, Jan. 8, 2013

SAN FRANCISCO, Jan. 8, 2013 /PRNewswire/ --Recurrent Energy, a leading North
American solar project developer, today announced the commercial operation of
the final of four solar photovoltaic (PV) projects, providing a total of 88
megawatts (MWdc) of clean electricity to the Sacramento Municipal Utility
District (SMUD), the nation's sixth largest public utility, under a 20-year
feed-in-tariff (FIT). With the commercial operation of this solar PV project,
Recurrent Energy has now achieved operation of approximately 138 MW of solar
power projects, a significant portion of the company's 600 MW total contracted


The first three projects in the SMUD portfolio reached commercial operation
earlier this year and all four solar PV projects are located in Sacramento
County near the cities of Galt, Elk Grove and Sloughhouse. With the addition
of the final 38 MWdc solar power project, the full 88 MW portfolio is expected
to generate enough electricity to power more than 13,000 average U.S. homes.

"SMUD's pursuit of a sustainable and balanced power supply is paving the way
for many other utilities," said Arno Harris, CEO of Recurrent Energy. "The
completion of this portfolio showcases that strong renewable energy policy and
collaboration between the public and private sectors can drive the solar
industry to play a significant role in meeting our energy needs."

The 88 MW solar PV project portfolio secured a significant investment in
December 2011 from Google and SunTap Energy RE LLC ("SunTap"), a venture
formed by Kohlberg Kravis Roberts & Co. L.P. (KKR) to invest in solar projects
in the U.S. 

About Recurrent Energy

Recurrent Energy is a leading solar project developer marketing clean power to
utilities and large energy users. The company is meeting rising energy demand
by building a portfolio of clean power plants located where they are needed
most. Recurrent Energy is a U.S. subsidiary of Sharp Corporation. Additional
details are available at

SOURCE Recurrent Energy

Contact: Media, Cate Powers, Director of Communications, Recurrent Energy,
Press spacebar to pause and continue. Press esc to stop.