Recurrent Energy secures funding for 5 MW PV project


The 25-year contract between the San Francisco Public Utilities Commission (SFPUC) and Recurrent Energy will supply clean, renewable solar power for city municipal services and facilities, such as public schools, San Francisco International Airport, SF General Hospital, Muni and more. The Sunset Reservoir solar power system has 24,000 solar panels installed covering an area the size of about 10 football fields.

"As the Sunset Reservoir solar power project nears completion, this financing from Prudential Capital Group marks another major milestone for Recurrent Energy," said CEO Arno Harris. "We have more than 330 MW of distributed-scale projects in our contracted portfolio across North America and Europe, and financing from Prudential, a leader in the energy project finance market, further demonstrates our ability to raise capital and construct our pipeline."