The race to the bottom for interest rates has been a trend in recent years, and Sunlight is the latest to join the party.
Research suggests we can power 80% of the U.S. with wind, solar, and 12 hours of energy storage, but being able to replace a nuclear power plant hasn’t been financially viable. Is that about to change?
Also on the rise: Getting to net-zero carbon by 2050 will be a steep climb, report says; Walmart signs on as anchor for community solar; and BlueWave aims to develop floatovoltaic projects.
The joint venture aims to develop floatovoltaic projects, first in Massachusetts and then across New England. Other projects are already proving the concept.
The design uses metal brackets as mounting structures, conventional solar panels, and a grooved glass plate placed between the solar panels. System costs would be around $847/kW.
The backing will allow the bank to reinvest capital into new projects at a faster rate by making the additional financing available to more projects.
Under one scenario, Worley and Princeton estimated that the U.S. would need to build 800 MW of solar every week for the next 30 years to achieve carbon neutrality.
The program includes low-to-moderate-income subscribers, affordable housing providers, and organizations working with disadvantaged communities.
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
Also on the rise: A report names groups that are anti-solar and reveals their strategies, Illinois limits HOA power over rooftop solar, and SunPower added 13,000 customers in Q2 as it looks for big growth to close the second half.
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