* Company says to build 165 MW of solar projects
* To sell power to utility Ontario Power Authority
LOS ANGELES, April 8 Solar power company Recurrent
Energy said on Thursday it has been awarded 165 megawatts of
distributed solar power projects by the Ontario Power Authority in
This is the latest in a string of deals made for small-scale
power by utilities in North America, many of which are working to
meet mandates that require they get a percentage of their power
from alternative sources like solar and wind.
Recurrent Energy will finance, build, own and operate the
photovoltaic power systems that turn sunlight into electricity and
are set to be completed in 2011 and 2012.
The Ontario utility is expected to buy 100 percent of the
power generated by the project, on which Recurrent Energy said it
plans to spend well over $400 million.
"Ontario's renewable energy policy leadership, including the
goal of eliminating coal-fired power generation by 2014, makes the
province an attractive area for renewable energy economic
development and investment, which we are excited to be a big part
of," said Recurrent Energy CEO Arno Harris.
Ontario launched North America's most comprehensive and
generous set of feed-in tariffs in October, which guarantee fixed,
above-market prices for 20 years to sellers of electricity
produced from the sun, wind, water and biomass.
Privately held Recurrent Energy, which is backed by Hudson
Clean Energy Partners, focuses on small-scale projects of up to 20
MW. It has a pipeline of more than 1 gigawatt of projects planned
in the United States, Canada and Europe.
(Reporting by Dana Ford; Editing by Phil Berlowitz)