Recurrent Energy, a North American solar project developer, announced that three of its solar photovoltaic (PV) projects in Sacramento County, Calif. have achieved commercial operation. The projects are currently delivering 50 MW of electricity to the Sacramento Municipal Utility District (SMUD) under a 20-year feed-in tariff (FIT).
The projects reaching commercial operation are part of a four-project portfolio, three of which were the first to be awarded through SMUD's FIT program, introduced in January 2010. The fourth project is currently under construction and is expected to reach commercial operation later this year.
The projects secured a significant investment in December 2011 from Google (Nasdaq: GOOG) and SunTap Energy RE LLC, a venture formed by Kohlberg Kravis Roberts & Co. L.P. (KKR) to invest in solar projects in the U.S.
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