Recurrent Energy, a solar power developer that specializes in "distributed energy," headquartered in San Francisco, California, has announced that it will open its first international office in Toronto.
The company's
distributed energy strategy of setting up smaller scale (2 MW to 20 MW) projects near areas of high electricity demand is, it says, quicker and more environmentally friendly. Its office in Toronto on King Street in the Financial District will serve as headquarters for the company's Canadian and Eastern US activities.
Company VP and Canadian Managing Director Divid Brochu says that the Toronto office's opening signals a "long-term commitment" to projects in Ontario linked to the provinces Feed-in-Tariff (FIT) program. Earlier this year, Recurrent Energy was approved for "the most distributed solar power projects" under the FIT program -- projects for which it intends to invest $650 million and create hundreds of jobs. "We have been active in the province for several years and are now investing heavily in the region to bring many solar power plants online by 2013," Brochu says.
Writer: Edward Keenan
Source: Sean Gibson on behalf of Recurrent Energy