Recurrent Energy Enters Solar Module Supply Agreement with Celestica
Recurrent Energy announced that it has entered into an agreement with Celestica for the supply of solar modules for projects awarded within the renewable energy Feed-in Tariff (FIT) program of the Ontario Power Authority (OPA). Celestica will manufacture solar modules for Recurrent Energy under a multi-year supply agreement at its Toronto operation. Full production is expected to be underway by summer 2011.
The crystalline silicon photovoltaic modules, manufactured by Celestica, will be used in the construction of 19 solar power plants that Recurrent Energy was awarded contracts for within the OPA FIT program. The modules represent a significant portion of the domestic content requirements for these contracts. Financial terms are not being disclosed.