Our colleagues at Recurrent got in early and now finance out. See buyers

Recurrent Energy to sell 100 MW to Mitsubishi and Osaka Gas

15.06.2012: Solar power project developer Recurrent Energy Inc., a subsidiary of Sharp Corp., announced that Japanese companies Mitsubishi Corp. and Osaka Gas Chemicals Co. Ltd. are ready to acquire 100 MW of PV plants installed in the Canadian region of Ontario. They are set to acquire the installations as soon as the projects are completed. According to Recurrent, the Ontario Power Authority (OPA) has signed 20-year power purchase agreements (PPAs) for each of the projects in its portfolio. All the projects are scheduled to be in operation by 2013. The company has not released any information about the financial terms of the transaction nor in regard to the projects' locations. … Source: Recurrent Energy Inc.; summary: PHOTON http://www.recurrentenergy.com http://www.recurrentenergy.com/sites/default/files/Mitsubishi%20Corpor ation%20and%20Osaka%20Gas%20Announce%20the%20Intent%20to%20Acquire%201 00%20MW%20of%20Recurrent%20Energy%20Solar%20Projects.pdf The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/66436.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com