Deals Counterparts

REC Solar to develop 3.3 MW rooftop solar array for Arctic Cold

Development Solar announced Santa Maria, United States Feb 20, 2026
3.3 MW
Capacity
development
Stage

REC Solar has contracted with Arctic Cold on a 3.3 MW ballasted rooftop PV project at the cold storage and logistics company’s new location in Santa Maria, Calif. REC will own and operate the project as part of its independent power producer portfolio.

Deal Analysis

REC Solar's agreement with Arctic Cold to develop a 3.3 MW rooftop solar array in Santa Maria, California, represents a strategic move for both companies. REC Solar expands its independent power producer (IPP) portfolio by owning and operating the project, securing a long-term revenue stream. Arctic Cold benefits from a renewable energy source for its new cold storage and logistics facility, potentially reducing operational costs and enhancing its sustainability profile. The project leverages a ballasted rooftop PV system, indicating a likely focus on minimizing roof penetration and installation complexity. While the deal value remains undisclosed, the 3.3 MW capacity is a notable addition to REC Solar's IPP portfolio. The partnership with Arctic Cold, a cold storage and logistics company, highlights the growing trend of energy-intensive industries adopting on-site solar generation to manage energy costs and meet sustainability goals. This project underscores the increasing viability of rooftop solar solutions for commercial and industrial (C&I) clients, particularly in regions with favorable solar irradiance and supportive regulatory environments.
  • REC Solar expands its IPP portfolio through ownership and operation.
  • Arctic Cold secures a renewable energy source for its new facility.
  • The project utilizes a ballasted rooftop PV system, simplifying installation.
  • The 3.3 MW capacity is a significant addition to REC Solar's portfolio.
Market Context: The solar energy sector is experiencing significant growth, driven by declining costs, increasing environmental awareness, and supportive government policies. Rooftop solar installations are becoming increasingly popular for commercial and industrial clients seeking to reduce their carbon footprint and energy expenses.

Source Intelligence

KEY DETAILS

The project is anticipated to offset roughly 83% of the facility’s energy needs and avoid an estimated 2,953 metric tons of CO2 annually. Quote: "The project is anticipated to offset roughly 83% of the facility’s energy needs and avoid an estimated 2,953 metric tons of CO2 annually."

Capacity
REC Solar has contracted with Arctic Cold on a 3.3 MW ballasted rooftop PV project at the cold storage and logistics company’s new location in Santa Maria, Calif.
Location
at the cold storage and logistics company’s new location in Santa Maria, Calif.
PPA Details
with a power purchase agreement (PPA) with PG&E protecting against future energy price increases.
Announcement
February 20, 2026
PARTIES MENTIONED IN SOURCE
R
REC Solar developer

"San Luis Obispo, Calif.-based developer REC Solar has contracted with Arctic Cold on a 3.3 MW ballasted rooftop PV project at the cold storage and logistics company’s new location in Santa Maria, Calif."

A
Arctic Cold buyer

"REC Solar has contracted with Arctic Cold on a 3.3 MW ballasted rooftop PV project at the cold storage and logistics company’s new location in Santa Maria, Calif."

P
PG&E offtaker

"The project for California food distributor Arctic Cold includes a PPA with PG&E."

high quality Enriched Feb 21, 2026

Timeline

Announced
Feb 20, 2026
Signed
Closed

Market Context

This deal is part of the Solar sector in United States.
473
Solar deals
565
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1 of 452 Solar deals tracked this month · Updated daily

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