Christian Roselund
Senate proposes business-as-usual energy budget
The U.S. Senate has called for stable funding for the Department of Energy’s Office of Energy Efficiency and Renewable Energy in 2019, with an emphasis on EVs, as well as increasing the budget for ARPA-E by 6.5%.
Sunpower secures a $300 million bridge to pay off loan certificates
The financially troubled PV maker has secured a last-minute line of credit to repay Total and other lenders, as it burns through cash.
PJM capacity auction results show solar boom
The results of a 2021/2022 auction saw an additional 964 MW of utility-scale solar projects bidding in to supply capacity, suggesting a boom in solar.
Oregon utility seeks hundreds of megawatts of renewable energy
PGE is seeking the equivalent of 500-620 MW of utility-scale solar, with a minimum project capacity of 10 MW.
New Jersey joins the 50% by 2030 renewable energy club
Governor Phil Murphy has signed landmark legislation that will enable the state to tie with California and New York for the nation’s third-most ambitious renewable energy mandate, as well as replacing the SREC system, boosting community solar, and more.
Barriers to non-utility ownership of DER stripped from California bill
SB 1088, which would have effectively barred customer or third-party owned solar or batteries from providing reliability services for the distribution system has been altered before leaving the Senate Appropriations Committee.
Southern Company sells off 1/3 stake in solar portfolio to Global Atlantic
The retirement and insurance provider will pay $1.2 billion for a share of the power giant’s 1.7 GW solar portfolio. Southern will still operate the projects.
CDPQ takes majority stake in Invenergy Renewables
Invenergy plans to maintain day-to-day management of its renewable energy business, with the Québecois fund manager increasing its economic stake to 52%.
Rush to gas risks hundreds of billions in stranded assets
A new report by Rocky Mountain Institute finds that gas plants proposed across the United States over the next 15 years could be replaced by clean energy portfolios at a net savings, and that these projects are at risk of becoming stranded assets.
Michigan utilities concede to 25% renewable energy by 2030
DTE Energy and Consumers have reached an agreement with the Tom Steyer-backed campaign and are adopting 25% renewable energy goals, with Consumers seeking 40% by 2040.
