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Recurrent Energy Mustang

Image: Mustang Two solar project Kings County, CA

Canadian Solar subsidiary Recurrent Energy signed a 100-MW in new solar power purchase agreement (PPA) with Peninsula Clean Energy for Kings County, California. The agreement is through the Mustang Two Photovoltaic Project.

The deal is over a 15-year term with Peninsula Clean Energy and is expected to come online in Kings County, California by 2019. Recurrent Energy is a wholly-owned subsidiary of Canadian Solar, Inc. (NASDAQ: $CSIQ) and PCE is the community choice energy agency serving San Mateo County.

"With this project, PCE has contracted for over 300 megawatts of clean, renewable energy from new facilities that are being built specifically to serve our customers in San Mateo County. Recurrent Energy is an excellent partner for communities like ours that want access to cost-effective, clean electricity from California." said Jan Pepper, CEO of PCE

"We are proud to help PCE meet their customers' growing demand for clean energy," said Dr. Shawn Qu, chairman and chief executive officer of Canadian Solar. "This contract is an important part of growing our future U.S. project development pipeline."

The Peninsula Clean Energy Authority, formed in March 2016, is a joint powers authority made up of the County of San Mateo and all 20 cities in the County. PCE serves approximately 300,000 accounts.

Recurrent Energy is based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar, Inc. and functions as Canadian Solar's U.S. project development arm. Recurrent Energy has more than 4 GW of solar projects in development in the U.S.

The Mustang Two solar project has a Project Labor Agreement (PLA) with the International Brotherhood of Electrical Workers (IBEW), Ironworkers, Carpenters, Laborers, and Operating Engineers for the construction of the solar project. It is expected to have a peak construction labor force of approximately 400 workers.

Source: Canadian Solar

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