Morning Brief: First long-duration energy storage procurement, EDFR and Geenex close on 4.5 GW PV pipeline
Also in the brief: Scatec Solar to buy state-owned hydropower firm SN Power in a $1.17 billion deal, Panasonic Solar and Service Finance Company rolled out a new home energy storage financing program.
Solar racking companies are getting acquired in a consolidating market: Who’s next?
The solar racking market has quiet revenues of billions of dollars and continues to consolidate — driven by equity firms such as Esdec and Tenex. The market segment has become a small hotbed of M&A. Who’s next?
Corrected — California’s lucrative energy storage incentive gets fiscally misused once again
What is it about California’s SGIP subsidy that brings out the worst in people and corporations? Usually it’s companies gaming the ratepayer-funded incentive, this time it’s installers helping individuals with second homes siphon off funds intended for the disadvantaged.
Blackstone enters the electric bus and van race, plus the return of seed-stage solar investing
A weekly round up of investments and exits in solar and energy transition technologies.
Swinerton was the lead solar EPC contractor in the US last year
IHS Markit: At 10% market share, Swinerton Renewable Energy maintained its position as the preferred EPC contractor in the U.S. First Solar and Cypress Creek intend on exiting the EPC segment, creating opportunities for established local EPCs and the emerging group of international firms eyeing the growing U.S. utility-scale market.
Total and Google Cloud develop tool to predict rooftop PV potential
The Solar Mapper uses artificial intelligence algorithms that compile data extracted from satellite images. It can estimate solar site potential and indicate the best technology for the site.
Solar PPA prices in the US rise for the second consecutive quarter — after 18 months of decline
LevelTen Energy’s Q3 2020 PPA Price Index report shows that average utility-scale solar PPA prices rose again in Q3, up to $29.3/MWh. And while the ITC step-down and simple economics are to blame, LevelTen shares that the increases are no cause for alarm.
Morning Brief: Ameren Illinois chairman, ‘Our position on net metering credits has not changed’
Also in the brief: Nefarious deeds at the DOE — blocking yet another study favorable to renewables. The North American Energy Resilience Model joins the Seams study as a victims of agency bias.
New York Power Authority, environmental groups explore ways to replace gas peakers with cleaner technology
In a report this May, the PEAK Coalition said that New York City’s gas peaker plants are “perhaps the most egregious energy-related example of what environmental injustice means today.”
Array Technologies’ share price up 65% on first day as a public company
The IPO priced at $22, above the top of the anticipated range of $19 to $21 — valuing the solar firm at about $2.8 billion.
