The community solar company took interconnection work into its own hands, rather than relying on the electric utility. The company said it reduces both time and cost to self-perform the work.
Solar project milestones and portfolio finance updates for projects small and large on both sides of the meter across the United States.
Tax credit cuts from the Republican Congressional budget bill have made more than 320 proposed solar and wind projects no longer economically viable, said the business consultancy.
Meta signed a long-term agreement for the 600 MW solar project’s generation as its data centers continue to multiply across the country.
Solar and wind generated 40.2% of the ERCOT grid’s electricity this year through June. When coal plants shut down for unexpected maintenance, solar and wind stepped in, providing about 50% of generation during peak summer demand in the highest electricity consuming state in the union.
Existing battery projects in California and Texas see upside, while hybrid storage bets in the Midcontinent Independent System Operator (MISO) territory and the Southeast face shrinking margins under the revised tax credit rules.
Primergy Solar announced it reached commercial operations for the project in Hill County, Texas.
Four solar projects for a 104 unit multifamily were supported by the 30% federal investment tax credit, plus a 10% adder for its designation as a low-income community project – credits that are soon going away under the new Republican budget bill.
Recurrent Energy closed project financing for Blue Moon Solar, a solar power plant currently under construction.
The independent power producer secured a $675 million revolving construction finance facility to help fund solar and storage projects planned in Illinois, Ohio and Texas.
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