Prudential Capital Group provided the 24 year term debt financing for the power system, which is expected to be at full operation this fall. At its completion, the Sunset Reservoir installation will be the largest municipal solar power system in the U. S. "As the Sunset Reservoir solar power project nears completion, this financing from Prudential Capital Group marks another major milestone for Recurrent Energy," said Arno Harris, CEO of Recurrent Energy. "We have more than 330 megawatts of distributed scale projects in our contracted portfolio across North America and Europe and financing from Prudential, a leader in the energy project finance market, further demonstrates our ability to raise capital and construct our pipeline." . The contract is aimed to supply renewable energy for San Francisco's public sectors such as public schools, the international airport and the San Francisco General Hospital. 
Share:  Prudential Capital Group provided the 24 year term debt financing for the power system, which is expected to be at full operation this fall. <span class="sent">At its completion, the Sunset Reservoir installation will be the largest municipal solar power system in the U. S. "As the Sunset Reservoir solar power project nears completion, this financing from Prudential Capital Group marks another major milestone for <span class="company">Recurrent Energy</span>," said <span class="analyst">Arno Harris</span>, CEO of <span class="company">Recurrent Energy</span>.</span> "We have more than 330 megawatts of distributed scale projects in our contracted portfolio across North America and Europe and financing from Prudential, a leader in the energy project finance market, further demonstrates our ability to raise capital and construct our pipeline." . The contract is aimed to supply renewable energy for San Francisco's public sectors such as public schools, the international airport and the San Francisco General Hospital. Tweet this   read full story

"What's frustrating is sometimes it feels like the country is trying to put its feet on the gas and the brakes at the same time," said David Hochschild, vice president of external relations at Fremont, California, solar manufacturer Solaria . "We know where we need to go in the solar industry in this country…but I think it's poorly understood just how critical this particular element is.". Arno Harris, CEO of solar developer and financier Recurrent Energy in San Francisco, says availability of tax equity is about half of demand, and without a grant extension, those with tax equity appetite will pick the most desperate developers and charge high premiums to take the tax equity off their hands. Harris sees some hope in that some new tax equity players have recently begun to dip their toe into solar financing."That's got to happen, but the reality is we're trying to make up a $5 billion gap, and nobody jumps into a new market with a billion dollars," Harris said. "Even Google will take baby steps." 
Share:  "What's frustrating is sometimes it feels like the country is trying to put its feet on the gas and the brakes at the same time," said David Hochschild, vice president of external relations at Fremont, California, solar manufacturer Solaria . <span class="sent">"We know where we need to go in the solar industry in this country…but I think it's poorly understood just how critical this particular element is.". <span class="analyst">Arno Harris</span>, CEO of solar developer and financier <span class="company">Recurrent Energy</span> in San Francisco, says availability of tax equity is about half of demand, and without a grant extension, those with tax equity appetite will pick the most desperate developers and charge high premiums to take the tax equity off their hands.</span> Harris sees some hope in that some new tax equity players have recently begun to dip their toe into solar financing."That's got to happen, but the reality is we're trying to make up a $5 billion gap, and nobody jumps into a new market with a billion dollars," Harris said. "Even Google will take baby steps."...."We know where we need to go in the solar industry in this country…but I think it's poorly understood just how critical this particular element is.". Arno <span class="analyst">Harris</span>, CEO of solar developer and financier <span class="company">Recurrent Energy</span> in San Francisco, says availability of tax equity is about half of demand, and without a grant extension, those with tax equity appetite will pick the most desperate developers and charge high premiums to take the tax equity off their hands. <span class="sent"><span class="analyst">Harris</span> sees some hope in that some new tax equity players have recently begun to dip their toe into solar financing."That's got to happen, but the reality is we're trying to make up a $5 billion gap, and nobody jumps into a new market with a billion dollars," <span class="analyst">Harris</span> said.</span> "Even Google will take baby steps.". Tweet this   read full story