Karl Knight, Managing Director of International Development at Recurrent Energy, says, “We were able to develop and deliver a portfolio of commercial rooftop PV systems in a short timeframe, which is one of the strengths of a distributed generation model. The Spanish government policies that support clean energy helped spur the development of these projects that are now delivering a large amount of solar energy right where it’s needed most.”
Recurrent Energy financed, owns, and operates the 4.8 MW of solar power systems, which are located on eight of PEPR’s distribution centers in Barcelona and Madrid. According to Recurrent Energy, “The systems are grid-connected, feeding all power generated back into the local utility through a feed-in tariff,” which was awarded to Recurrent Energy in July 2009.
San Francisco based Recurrent Energy is an independent power producer and develops distributed solar projects for utilities and large energy users. Recurrent Energy helps meet rising energy demand by developing a global portfolio of clean power plants. The company has a pipeline of over 1.3 GW of distributed-scale solar projects in development across North America and Europe. For more information please visit www.recurrentenergy.com.
Established in 1999, ProLogis European Properties, or PEPR, is one of the largest pan-European owners of high quality distribution and logistics facilities. PEPR is externally managed by a subsidiary of ProLogis, a leading global provider of industrial distribution facilities. In September 2006, PEPR was listed on Euronext Amsterdam.