Puerto Rico regulators have rejected the Integrated Resource Plan filed by the island’s utility; however the plan is also likely out of compliance with the island’s new 100% renewable energy law. In the interim, PREPA is moving to get gas plants online.
The Michigan utility is choosing wind over solar by assuming that costs for solar will remain relatively flat.
The transaction both feeds the growing appetite of institutional investors for solar projects, and also provides SunPower with more cash.
Google, Walmart, Facebook and GM and more than 200 companies with combined revenues of over $1 trillion have joined together under the Renewable Energy Buyers Alliance, and have set a goal to bring 60 GW of renewable energy online by 2025.
At 409 MW/900 MWh, FPL’s project would be four times the capacity of the largest battery currently online. But an even bigger battery is being planned in Texas.
Hawaii regulators have approved six of eight proposed large solar plus storage projects, with all coming at or under 10 cents per kilowatt-hour.
Macquarie has closed on funding for a third portion of a 340 MWh project in Southern California, and LADWP is planning 1.8 GW of batteries.
The most fundamental barrier to passing a Green New Deal at the federal level isn’t Republican opposition. It is the leadership of the Democratic Party.
Sunrun made a splash at the BNEF Summit in New York City at a time when utilities are increasingly struggling to adapt to new realities. But distributed energy resources have a long way to go to play a major role, and we will still need additional energy sources in future power systems.
Whether or not solar leads the decarbonization of the world’s electricity supply depends on how long it can continue on a path of exponential growth.
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