Wells Fargo signs a huge renewable deal, Newlight Partners invests $150 million in solar developer: pvMB 10/23/19

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Wells Fargo signs 10-year offtake contract for solar project – Wells Fargo announced today a 10-year structured renewable energy agreement with Reliant, an NRG Energy company. The new agreement is the bank’s largest contract to date in support of the development of new sources of renewable energy. The new agreement will provide approximately 62,000 megawatt-hours of solar energy annually to approximately 400 Wells Fargo properties from a new utility-scale solar facility in Texas. The NRG Renewable Selectsm plan will provide 100% of the bank’s total annual requirements in the Electric Reliability Council of Texas (ERCOT) region and 3% of the company’s national load. The Texas facility is expected to break ground in 2020 and begin delivering clean energy to the grid in 2021. Source: Wells Fargo

 

Newlight Partners invests $150 million in solar developer – Newlight Partners LP has committed major funding to the future of renewables, investing $150 million in Leyline Renewable Capital, a company which develops, builds and finances renewable energy projects. To date, Leyline has developed over 1 GW in renewable generation, across 170+ projects worldwide. Source: Newlight Partners LP, Leyline Renewable Capital

 

Solar advocacy group does its job – “A solar industry group solicited campaign contributions for a senior Republican legislator in an email to its members and tied the request for funds directly to action he had taken days earlier on a bill opposed by the group.The request came from the North Carolina Clean Energy Business Alliance on behalf of State Representative John Szoka, the North Carolina House Republican Conference Chairman and chairman of the House Committee on Energy and Public Utilities. Chris Carmody, the executive director of NCCEBA, asked the organization’s members to make a contribution to Szoka of up to $5,200—the maximum contribution allowed under the law—in an email sent August 21. The email singled out Szoka and a second lawmaker for their opposition to Senate Bill 559, a controversial bill introduced this legislative session that would authorize Duke Energy to set energy rates for a multi-year period with relaxed oversight from state regulators. Carmody’s email said Szoka and the second lawmaker had dealt a “body blow” to SB 559 and championed other legislative priorities supported by the solar industry.” Source: WBTV

 

PacifiCorp IRP – PacifiCorp has released its final 2019 IRP. This version is largely the same as the initial version, which contains A LOT of solar, covered here. If you would like to read the IRP in full, you can do so by following this link. Source: PacifiCorp

 

UC Irvine Engineers for a sustainable future event – A group of engineering students from Engineers for a Sustainable World at University of California, Irvine visited a California Irvine-based Sunpin Solar… The visit was composed of a Lunch and Learn presentation and a solar tour at Sunpin Solar’s 96.75-MW ColGreen North Shore (“CNS”) solar project in Riverside County… Sunpin Solar’s VP of Development and Director of EPC covered the fundamentals of solar energy, the solar project development process, and explored post-graduation options in renewable energy industry for aspiring sustainable engineers. Source: Sunpin Solar