Recurrent Sells Ontario Solar Plants to MetLife and Fiera Axium

Recurrent Energy, a solar developer owned by Sharp Corp. (6753), agreed to sell eight plants it’s building in Ontario, Canada, to MetLife Inc. (MET) and Fiera Axium Infrastructure Inc. for an undisclosed amount.

The Ontario Power Authority will buy the output from the 86 megawatts of power plants over 20 years, San Francisco-based Recurrent said today in a statement. The projects are expected to be completed early next year and will produce enough electricity for more than 10,250 homes.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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