Toronto and San Francisco: Recurrent Energy announced May 8 the commercial operation of 10 solar photovoltaic projects totaling 108 MWp (78 MWac), located near Barrie and London in southern Ontario. The projects have contracts with the Ontario Power Authority for the next 20 years through feed-in-tariff agreements.
“These projects are ten of twenty-three projects Recurrent Energy has brought online in the last year – bringing our total operating portfolio to more than half a gigawatt globally,” said Arno Harris, CEO of Recurrent Energy. “Completing our 220 megawatt Ontario portfolio represents years of hard work and collaboration with our financial partners and numerous stakeholders in Ontario and local communities.”
In October 2013, Fiera Axium Infrastructure and MetLife, Inc. affiliates announced a joint commitment to acquire eight of the projects (86 MWp/62 MWac). Fiera Axium acquired the remaining two projects totaling 22 MWp/16 MWac. The acquisition was completed following commercial operation of the projects.
Including this portfolio, Recurrent Energy has developed 20 projects totaling 220 MWp/159 MWac in Ontario. The final project was expected to reach commercial operation in the first part of 2014.