May 4, 2020

Dominion plans 16 GW of solar for Virginia by 2035

Under the utility’s latest IRP, Dominion plans to procure 16 GW of solar, 2.7 GW of storage and 5.1 GW of offshore wind in the next 15 years. Kicking off these new plans comes a request for proposals of 1 GW of solar or wind and 250 MW of energy storage.

Investor-owned utilities pay top executives millions — are they worth it?

Energy and Policy Institute has tracked the past three years of CEO compensation at 41 investor-owned utilities across the country. And, while the numbers are eye-popping, a well-paid CEO does not necessarily reflect company success.

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Morning Brief: Houston is buying 100% renewable energy, SolRiver Capital has $200 million for solar projects

Also in the brief: Alchemy Renewable Energy has closed on deal to acquire a 44.5 MWdc solar energy portfolio, Ormat Technologies has begun the commercial operation of the Rabbit Hill Battery Energy Storage System, Kansas’ largest solar project ever has officially gone live and more.

Texas could add 3.5 GW of solar this year

Additional solar could help the ERCOT grid region in Texas meet its summer peak, after it faced “tight grid conditions” last summer. New task forces aim to improve ERCOT’s markets for ancillary services and battery storage.

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Residential solar asset financing is alive and well as Spruce Finance closes $124 million deal

Residential solar asset owner-operator will use the funds to continue its acquisition spree.

J-Power, a dedicated fossil fuel developer, goes big in solar with 350 MW in ERCOT

The economics of solar project development in Texas are so compelling, even coal and gas giants want a piece of the action.

Trump’s mysterious cybersecurity order bans bulk-generation gear from ‘adversaries’

Although it doesn’t seem to impact solar directly, energy storage might be threatened. “The order leaves more questions than it answers,” according to Norton Rose Fulbright. What is motivating the administration? China? Why now?

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