The solar energy provider, Recurrent Energy, has purchased a solar pipeline of up to 350MW from the Chicago-based renewable energy development company, UPC Solar. Aside from making it one of the most promising distributed solar power providers and bringing the company’s focus on smaller utility-scale power assets ranging from 2-20MW, the purchase allows opportunities of development across continental United States, Hawaii, and Canada, including those PV plants planned for Ontario. Recurrent Energy will use UPC Solar’s development team to finish solar projects in Canada.
As one of several renewable energy companies founded by Brian Caffyn of UPC Energy Group, a company with over 750MW of operational renewable energy assets and more than 3,000MW in development worldwide, UPC Solar currently manages the U.S. Army’s largest solar installation in Fort Carson, Colorado and the fourth-largest solar PV project in the U.S., a 3 MW plant in Bucks County, Pennsylvania..
The pipeline acquisition follows a recently proposed series of renewable energy measures from Canada’s Ontario Power Authority. In the Green Energy Act, 2009, a solar feed-in tariff secures stability and competitive electricity rates for renewable energy providers, while also representing North America’s first step in becoming more like Spain and Germany in terms of substantial solar power development.