Job moves in solar, storage, cleantech, utilities, and energy transition finance.
The batteries will be used to add resiliency to the island’s industrial sector, which has suffered outages and inconsistencies in the years since Hurricane Maria.
The project’s announcement now brings Westbridge’s total solar development pipeline to 985 MW, with an additional 300 MW of battery storage capacity alongside.
The decision has been nearly universally lauded across the solar industry, and thought leaders in policy, advocacy, and project development have chimed in with their perspective on the decision and its ramifications.
The White House is expected to announce a 24-month tariff exemption on solar modules manufactured in Cambodia, Malaysia, Thailand and Vietnam, while also invoking the Defense Production Act as a means to accelerate American manufacturing.
The bill would authorize the New York Power Authority to build, own, and operate renewable energy projects to provide renewable energy to all state-owned properties by 2030 and municipal-owned properties by 2035, while also calling on the authority to phase out its fossil fuel power plants by 2030 and provide and deliver only renewable energy to customers.
The awards represent the largest land-based renewable energy procurement in the state to date, and once installed, will bring the state’s renewable energy mix to 66% renewable, in pursuit of 70% by 2030.
The 42 MW solar and 168 MWh storage facility will help the Navy to make strides toward its goal of achieving 100% carbon-free electricity by 2030.
The projects, split across two portfolios, were acquired from BNRG Maine and bring the company’s capacity of acquired and developed community solar projects within the state to more than 92 MW.
EY’s most recent transactions in power and utilities report shows that while Europe is looking to fill a Russian-sized void in energy supply, renewables remain an attractive investment in the US.
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