Recurrent Energy Reaches Commercial Operation With Six Solar Power Projects Totaling 52 MWac in Ontario, Canada

Recurrent Energy Reaches Commercial Operation With Six Solar Power Projects 
Totaling 52 MWac in Ontario, Canada 
SAN FRANCISCO, CALIFORNIA and TORONTO, ONTARIO -- (Marketwired) --
06/04/13 --  
Editors Note: There is a photo associated with this press release. 
Recurrent Energy, a leading North American solar project developer,
today announced the commercial operation of six photovoltaic (PV)
projects, providing a total of 70 megawatts peak (MWp)/ 52 megawatts
AC (MWac) of clean solar electricity for two communities in Ontario,
Canada. These projects are the first six of nine to reach commercial
operation date (COD) in a 100 MWp/74 MWac portfolio acquired by
Mitsubishi Corporation and Osaka Gas at commercial operation of each
project as agreed in June 2012. The electricity generated from this
portfolio will be delivered to the Ontario Power Authority (OPA)
through 20-year feed-in tariff agreements. 
"I'm happy to congratulate Recurrent Energy on achieving this
significant milestone. It's clear that Ontario's clean energy
policies are creating thousands of good jobs and cleaning up our
air," said Minister of Energy Bob Chiarelli. "We're building on that
strength by making important changes - like setting annual renewable
energy procurement targets for the first time - to bring greater
predictability and sustainability to Ontario's clean energy sector." 
"The completion of this portfolio is a milestone for utility-scale
solar in Ontario and Recurrent Energy," said Arno Harris, CEO of
Recurrent Energy. "Ontario's commitment to making clean energy a
mainstream source for these communities is coming to fruition." 
These six projects, located near Smiths Falls and Waubaushene,
Ontario, are all operational. The remaining three projects in the
portfolio are expected to reach COD by early 2014. 
The entire 100 MWp/74 MWac portfolio is expected to generate more
than 124 million kWh during the first year of operation, enough to
power approximately 12,300 homes in Ontario. 
The development and operation of these projects has provided the
communities with significant local investment and both short-term and
long-term job creation. Between 2009 and 2013, Recurrent Energy
created approximately 650 jobs during the construction phase alone. 
Including this portfolio, Recurrent Energy currently has 20 projects
totaling 220 MWp/159 MWac in development in Ontario. All 20 projects
are expected to be operating by early 2014. 
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. Additional details are available
at www.recurrentenergy.com. 
To view the photo associated with this press release, please visit
the following link:
http://www.marketwire.com/library/20130603-Recurrent800.jpg.
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Contacts:
Media Contact: Recurrent Energy
Cate Powers
Director of Communications
415-501-9533
Cate.Powers@recurrentenergy.com
www.recurrentenergy.com