SOLAR ENERGY TO HELP HEAL

Recurrent Energy to Develop 15 MW of Solar Projects at Kaiser Permanente Facilities; Kaiser Permanente to Buy All Power Generated From 16 Recurrent Energy Solar Power Systems
March 30, 2010 (Recurrent Energy)

"…[Independent power producer and solar power project developer Recurrent Energy] has signed agreements with Kaiser Permanente to develop 15 MW of solar power systems at multiple locations across California. Recurrent Energy will build, own, and operate 16 solar power systems located across 15 Kaiser Permanente hospitals and office facilities…

"The 16 solar power systems will be implemented across the 15 sites through rooftop solar, ground mount solar, and elevated solar above existing ground-level parking spaces and garages. Several projects are underway and all sites are expected to be completed by the summer of 2011…"

Rendering from Recurrent Energy of Kaiser hospital rooftops covered with solar panels. (click to enlarge)

"Citigroup, an equity investor on a portion of the projects, was a key partner in structuring the agreements…"

[John Kouletsis, director of strategy, planning and design at Kaiser Permanente:] “Kaiser Permanente sees renewable and clean energy as a key part of our environmental and sustainability strategy…As a health care organization, we are concerned with the health of our patients and our communities.”