Recurrent Energy brought its latest projects online in California – bringing its total production in the state to at least 710 MW since its acquisition by Chinese panel manufacturer Canadian Solar in 2015.
The 100 MW Astoria and 75 MW Astoria 2 plants are located in Kern County, Calif., and were funded through a tax-equity arrangement by GE Energy Financial Services. GE’s manufacturing arm also contributed to the projects with its inverters.
“With the help of our trusted partners, the Astoria projects will power more than 40,000 homes with clean energy,” said Shawn Qu, chairman and chief executive officer of Canadian Solar. “These projects, which began operating in late 2016, are part of Recurrent Energy’s 1.2 GW 2016 project portfolio.”
Pacific Gas and Electric Co. will purchase the electricity and renewable energy credits (RECs) from the Astoria project under a long-term power purchase agreement (PPA).
The Astoria 2 project has several offtakers, including Southern California Public Power Authority and four of its members (Cities of Azusa, Banning, Colton and Vernon), the Power and Water Resources Pooling Authority, and the cities of Corona, Lodi, Moreno Valley and Rancho Cucamonga.
With the latest commissionings, Recurrent Energy kept its overwhelming 2016 momentum going. By December, the project developer, seemingly rejuvenated by Canadian Solar’s investment, had completed 535 MW of projects in California alone – most notably the 200 MW Tranquility Project and 100 MW Mustang Solar project.
Its California expansion played a large role in Recurrent reaching its 1.2 GW 2016 project portfolio in the United States last year.