Financial terms of the deal were not released, although most of the payments will be made as projects are developed, San Francisco-based Recurrent said. .
Recurrent, a privately held company that focuses on smaller utility-scale projects of up to 20 MW said it will finance and develop the UPC projects.
“The addition of UPC Solar’s development assets is a strategic move for Recurrent Energy,” said Arno Harris, Recurrent Energy’s boss.
Underscoring
