Independent developers awarded 2/3 of capacity in NC auction – The results of North Carolina’s competitive procurement of renewable energy program have been released and, of the 550 MW available, 65% of all capacity was awarded to independent power producers. For anyone wondering, that’s 357 MW. Cypress Creek Renewables, Ecoplexus, and Southern Current were the big winners, securing 2 bids for 138 MWac, 2 bids of solar-plus-storage for 115 MWac and 1 bid for 50 MWac, respectively. Source: North Carolina Clean Energy Business Alliance
Con Edison reaches 250 MW of solar installed – “Con Edison is marking a 250-megawatt (MW) milestone in solar energy production thanks to more than 26,000 New York City and Westchester County homeowners and businesses with panel installations. Another 3,300 customers have 100 MW of solar projects in progress. Residential customers account for more than 90 percent of the projects and 50 percent of the overall capacity.” Source: Con Edison
Ohio coal, nuke subsidies could be challenged at the ballot – Hope you’re not tired of hearing about HB 6! Independent energy companies and environmental groups are hard at work putting together a referendum petition on the bill. This would prevent Ohio HB 6 from becoming law until the vote on a ballot initiative in November 2020, so long as the campaign comes about in the next 90 days. Source: Utility Dive
Sunnova announces price of shares – One of the major steps of going public is out of the way for Sunnova, as today the company announced the pricing of its initial public offering. 14,000,000 shares of its common stock will be sold at $12.00 per share, on the low end of its projectsions. The underwriters will have a 30-day option to purchase an additional 2,100,000 shares from Sunnova at that same IPO price. Source: Sunnova
Cosmos-traversing solar sail successfully deployed – Come sail away, come sail away, come sail away with me. “The Planetary Society’s LightSail 2 spacecraft has successfully deployed the large, aluminized Mylar sail it will use to raise its orbit solely with sunlight. Flight controllers at Cal Poly San Luis Obispo in California commanded the spacecraft to deploy its solar sails yesterday at about 11:47 PDT (18:47 UTC). Images captured during the deployment sequence and downloaded today show the 32-square-meter sail, which is about the size of a boxing ring, deploying as the spacecraft flew south of the continental United States. Sail deployment marks a major milestone for the LightSail 2 mission, which aims to demonstrate solar sailing as a viable method of propulsion for CubeSats—small, standardized satellites that have lowered the cost of space exploration.” Source: The Planetary Society
Amazon hits 50 rooftop installations before 2020 target – In response to the company’s ranking on the 2018 “Solar Means Business Report” done by SEIA (which you can read about here), Amazon has announced that the company has already completed its commitment to host 50 solar systems on its fulfillment and sortation center rooftops globally by 2020. The installations can generate as much as 80 percent of a single fulfillment facility’s annual energy needs and support the company’s goals of Shipment Zero – Amazon’s vision to make all Amazon shipments net zero carbon, with 50% of all shipments net zero by 2030 – as well as its company-wide goal to use 100% renewable energy across its global operations and infrastructure. Source: Amazon
Envision Solar new CEO – “Envision Solar International, Inc. announced today that Katherine H. McDermott has joined the executive team as chief financial officer. Following the Company’s successful public offering and listing on Nasdaq Capital Markets in April 2019, Ms. McDermott’s appointment further strengthens a world class executive team focused on the Company’s growth and increasing shareholder value. Ms. McDermott is a seasoned financial executive with both Fortune 500 and small and medium-sized company experience. She has consistently contributed to growth in profitability while managing public offerings, acquisitions, and other strategic initiatives. Prior to her appointment at Envision Solar, she was the chief financial officer for Steico Industries, a subsidiary of global aerospace company Senior plc (LON: SNR). Prior to that, she served for 10 years as chief financial officer for LRAD Corporation (Nasdaq: LRAD), a directed sound technology company” Source: Envision Solar International
And to finish off your brief: we’ve been hearing murmurs and rumors about the all-electric Ford F-150 for a while now, so actual results are super cool.
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