The
projects
are
part
of
Recurrent's
200MW
development
pipeline
in
Ontario,
which
has
nurtured
a
booming
solar
market
with
a
generous
feed-in
tariff.
The
Japanese
purchasers
will
acquire
the
projects
--
taking
equal
shares
--
when
they
reach
commercial
operation,
expected
next
year.
Recurrent
intends
to
maintain
a
minority
stake
in
the
assets,
which
have
20-year
power
purchase
agreements
with
the
Ontario
Power
Authority.
Recurrent
chief
executive
Arno
Harris,
newly
elected
chairman
of
the
US
Solar
Energy
Industries
Association,
positions
the
transaction
as
a
sign
of
maturity
for
the
industry.
"Our
partnership…
