The Astoria and Astoria II plant's are the latest addition to Recurrent Energy's operating capacity in California. Source: Recurrent Energy
Recurrent Energy, the subsidiary of Silicon Module Super League (SMSL) member Canadian Solar, has reached commercial operation of two of its Kern County, California solar plants.
The 100MW Astoria and the 75MW Astoria II plants are now online. Tax equity financing for both projects was provided by GE Energy Financial Services. Electricity and associated renewable energy credits (RECs) generated by the Astoria plant will be sold to Pacific Gas & Electric (PG&E) under a long-term PPA, while Astoria II’s electricity and RECs will be purchased by the Southern California Public Power Authority.
"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 milestone 1.2GW 2016 project portfolio."