Distributed Solar: A Powerful Vision
Recurrent Energy was formed as an independent power producer and a leading developer of distributed solar projects for utilities, government, and commercial customers. It develops, builds, and operates distributed solar power systems—typically 2 - 20 MW each—connected to the existing distribution grid. The company’s vision: to use proven solar technology to meet rising energy demand with a fleet of clean power plants located right where they’re needed most. Recurrent Energy’s strategic focus on distributed scale projects enables it to bypass many of the time consuming land-use and interconnection issues that typically delay central-scale renewable projects. As a result, it delivers the benefits of solar to customers, the environment, and our investors on a shorter timeframe.
Sharp Corporation announced it would acquire the company in September 2010. The acquisition is expected to close before the end of 2010.
Facts & Stats
- Company’s development pipeline includes over 330 MW of contracted distributed-scale solar power projects including 170 MW with the Ontario Power Authority, 60 MW with the Sacramento Municipal Utility District (SMUD), and 50 MW with Southern California Edison, and announced projects and joint development agreements in Europe and the Middle East.
- Ranked A Top 10 Innovative Energy Company by Fast Company.
- Global sales of all photovoltaic panels are expected to more than double to as much as 18 gigawatts in 2010.