The social media company increased its in-state solar portfolio to 814 MW, and said it runs its operations on 100% renewable energy.
The 100 MW solar array was developed by Invenergy and will provide electricity to multiple MGM properties in Las Vegas.
Further price increases for residential and C&I projects, along with a possible drop in module shipments and even more delays for utility-scale projects are possible in the wake of action by the Biden administration to address forced labor allegations in China.
Also on the rise: iSun books EPC services contract for multi-site solar projects, Honeywell announces a battery energy storage platform, United Natural Foods buys into a 108 MW solar farm, and Secure Futures gains $25 million in equity finance to secure its future.
Sol Systems will install and operate the solar array at no expense to the New York-based water agency in return for all energy credits generated at a fixed price per kilowatt-hour over 25 years.
Also on the rise: Stem and CleanCapital extend their business ties and eye C&I energy storage, Heliogen raises $108 million from industrial heavyweights for its CSP refinery, and Ameresco will deploy a solar array at Cannon AFB.
A Q1 market report said the biggest impact has been on utility-scale projects, with some developers trying to rework PPAs. It warned that “compounding cost increases across all materials are just beginning to affect installers.”
CI will continue continue KDC Solar’s operations, with the specific focus of providing clean energy solutions for companies and institutions with electric loads greater than 2 MW.
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Also on the rise: 7x Energy sells a Texas solar project to a unit of a Korean power company, and it was eight years in the making, but a $740 million transmission upgrade in Southern California may now pave the way for gigawatts of new renewables and storage.
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