Recurrent Energy, Inc. (Recurrent Energy) and San Domenico School will dedicate a 412 kilowatt (kW) solar energy system on January 30, 2009. The installation consists of 2,358 photovoltaic (PV) panels, spread across roofs and ground-mounted arrays. Recurrent Energy is financing, owning and operating the solar energy system. Solaris Energy Systems Limited (Solaris) is helping Recurrent Energy in the construction of the installation.
Recurrent Energy is selling 100% of the electricity produced to San Domenico School, sufficient to cater to nearly 85% of its annual needs. The power purchase agreeement between the school and the company is for 15 years. The school will receive predictable and reduced energy costs, without the upfront capital costs and risks of solar power plant ownership.
We are excited to be running our school on electricity generated at our school, said Mathew Heersche, San Domenico’s head of school. While the students have already been actively involved in making sustainable lifestyle choices at home and in the community, we look forward to continuing their education in eco-responsibility and, overall, in a sustainable environment.
We are grateful to San Domenico for hosting this solar energy system and for their tireless dedication throughout the installation, Recurrent Energy’s Vice President of Development Sheldon Kimber, said. Their commitment to this project has been inspiring and sets a high bar for schools across the country to follow suit.
Recurrent Energy owns the renewable energy credits from this project and will sell it to a third party.