Solar PV module manufacturer and energy storage provider Q Cells has unveiled a new financing structure to boost value in C&I and community solar projects.
The company announced an investment into a solar + storage portfolio developed by Amped Solutions through its new ‘Grid Equity’ financing structure. Under the framework, Q Cells will provide capital investment in exchange for the rights to future grid services revenue expected to be generated by t [...]
Energy storage developer Ambri announced a $144 million financing round, backed by India’s Reliance New Energy Solar Ltd, Paulson & Co. Inc, and the company’s largest shareholder, Bill Gates, among others.
The funds will be used to finance and commercialize Ambri’s daily cycling, long-duration system technology and to build a domestic manufacturing facility, the company said in a press release. Ambri’s mission is to meet the needs of the grid-scale energy storage market and indust [...]
ReNew Power in India is acquiring two assets with a combined enterprise value of INR28.5 billion (US$384 million), which are expected to generate INR3.8 billion to 4.0 billion (US$ 50.7 million to 53.4 million) of EBITDA annually.
ReNew will acquire L&T Uttaranchal Hydropower Ltd., which owns the 99-MW Singoli Bhatwari Hydroelectric Project (SBHEP), from L&T Power Development Ltd., a wholly-owned subsidiary of engineering and construction firm L&T. ReNew will add the project opera [...]
Community solar programs are popping up across the U.S. Not only do they allow for the proliferation of more clean energy because new solar arrays can be constructed in just the right locations, but they also allow any utility customer to go solar by subscribing to a project and earning bill credits that lead to savings of around 10% on electric bills.
This session will bring together a project owner and a utility to discuss how community solar projects come together today and explore best pr [...]
New rules give developers a longer window during which to complete projects in order to qualify for tax credits on projects.
On Tuesday, the Treasury Department and the Internal Revenue Service (IRS) issued guidance that extends safe harbor provisions for renewable energy projects in order to address impacts from the COVID pandemic.
The revisions, which are retroactive, do the following:
Extends the placed-in-service safe harbor to six years for projects that began const [...]
Dallas-based Leeward Renewable Energy is acquiring Indiana wind and solar projects from the original developer.
Tri Global Energy is selling close to 2,000 MW of renewable generating capacity to Leeward. Both projects are based in Blackford County, Indiana, and were developed by Tri Global beginning in 2019.
Blackford Wind will be capable of delivering up to 200 MW, and Blackford Solar will be capable of up to 150 MW. The projects combined are expected to produce enough energy to power mor [...]
According to a press release issued by the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL), a deceptively simple sensor system that the lab developed can prevent dangerous conditions from developing in outdoor battery cabinets.
Supported by DOE’s Office of Electricity, the invention, called IntelliVent, is designed to be installed in cabinet-style battery enclosures, which are becoming common for stationary grid energy storage, said PNNL.
IntelliVent responds t [...]
Today, global energy company Enel said that its US renewable subsidiary Enel Green Power North America, has started construction on five new renewable energy projects in the US with a total combined capacity of 1.5 GW. The projects are:
Roseland solar + storage,Blue Jay solar + storage,Ranchland wind + storage,Alta Farms wind project, andRockhaven wind project.
In addition, Enel said it’s adding 57-MW battery storage systems to the High Lonesome wind farm and the Roadrunner solar farm [...]
This week developer CS Energy said it is working in partnership with the Goldman Sachs Renewable Power Group (GSRP) and the New York State Energy Research and Development Authority (NYSERDA), to develop and begin construction on a 216-MWdc portfolio of new utility-scale solar projects across New York. The projects are expected to achieve commercial operations by the end of 2021, which the company says would make them the first operational utility-scale solar projects in upstate New York.
NTE Energy said on Tuesday that it plans to develop more than 5 GW of clean energy projects in the next five years. The company is currently working with investment partners to advance development of a clean energy project pipeline that includes 1.2 GW of solar and 3.9 GW of battery energy storage systems (BESS), with 3,000 to 4,000 MW expected to reach commercial operation by 2026.
“Advances in clean energy technology and strong market demand for renewables are positioning 2021 to be [...]
Today, EDF Renewables North Americaannounced the completion and commercial operation of the Desert Harvest 1 (114 MWdc) and Desert Harvest 2 (100 MWdc) solar projects. Desert Harvest 1 will provide electricity to MCE under a 20-year Power Purchase Agreement (PPA), while Desert Harvest 2 will supply energy and renewable attributes to Southern California Public Power Authority (SCPPA) under a 25-year Renewable Energy Credit (REC) + Index structure contract, according to EDF.
With hundreds of renewable projects sitting in the regional grid operator interconnection queue, developers should investigate the fast track process at Midcontinent Independent System Operator (MISO) and Southwest Power Pool (SPP) for project less than 5 MW in capacity. There are similarities and differences in both MISO and SPP fast track processes. Both processes need study deposits and provide an initial review with a customer options meeting. Even with a straightforward process like fast tr [...]
A Vermont utility is adding solar panels and battery storage in hopes of lowering costs and improving reliability on hot summer days when electricity demand — and prices — tend to spike. [...]
China will start building pilot wind and solar power projects that won’t receive national government payments as it pushes to improve the competitiveness of renewable energy and rein in subsidy bills. Shares of solar manufacturers surged in New York and Hong Kong. [...]
A Rhode Island program promoting solar development on polluted properties could help relieve tensions between the state’s fast-growing solar industry and conservationists concerned with preserving green space. [...]
The three farms, totaling 21.8 MW, are under construction and expected to reach commercial operation early next year. Once completed, the SE Solar Portfolio will sell all the power generation to a utility off-taker through a 15-year fixed-price PPA. [...]
Genex Power Limited has appointed power and water consulting firm Entura to be owner’s engineer for the Kidston Stage 2 project in Australia. [...]
With financial backing from the U.S. government, an Israeli solar developer Gigawatt Global Cooperatief UA signed a deal with the 15-nation Economic Community of West African States to build $1 billion of renewable energy projects in the region. [...]
On Tuesday March 26, Lockheed Martin and Cypress Creek Renewables announced that they commissioned 12 MWh of Lockheed Martin’s GridStar lithium energy storage systems for 12 solar-plus-storage projects.
The solar-plus-storage system will provide clean electricity to communities served by Brunswick Electric Membership Corporation (EMC) in southeastern North Carolina.
A global coalition aimed at supporting the use of solar power is expected to announce a slew of projects worth about $700 million during its inaugural conference this weekend in New Delhi, according to government officials familiar with the matter.
The International Solar Alliance, an initiative launched at the Paris climate talks in 2015, plans to unveil 20 projects in as many countries during the event on March 11, said the officials, asking not to be identified as the information isn’t publ [...]
In April 2017, Wilbur Ross, the U.S. Commerce Secretary, began an investigation into steel and aluminum imports under Section 232 of the Trade Expansion act of 1962. Ross made a variety of tariff recommendations to Mr. Trump including 24 percent tariffs on steel imports from all countries, 53 percent tariffs on steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, South Korea, Russia, South Africa, Thailand, Turkey and Vietnam or cuts in imports of 37 percent from all countries. [...]
On Tuesday, September 26, Dallas-based energy solutions provider O3 energy announced the launch of its new O3 Channel Partners, which opens up financing to qualified solar projects in North America. The company has historically acted as a late stage developer offering Power Purchase Agreements (PPAs) for commercial and industrial clients scattered across the country. The channel partner program provides development and construction partners with the opportunity to obtain the resources and f [...]
What is the best design for a livable home powered entirely by the sun that can be transported anywhere in the world and assembled in just a few days? Solar Decathlon competitions worldwide have netted 274 different-yet-correct answers to this question since it was first posed in 2002. [...]