Also in the brief: Lightyear gets a key supplier, a nine-project network in New York, the 25th National Solar Tour of Homes and more.
$40 million is coming down the pipeline via an agreement between New Columbia Solar and Franklin Park Infrastructure. The money will not only help New Columbia to expand its team, but also bring 30 MW of distributed solar to the area with the nation’s most aggressive renewable energy standard.
The project has obtained one county approval, as Rocky Mountain Power’s plan to increase its solar capacity and retire coal plants early has prompted an investigation by state regulators.
Also in the brief: remembering the life of S. David Freeman, farmers in Rhode Island receiving solar grants, JA Solar’s upcoming webinar on the future of PV and more.
Executive and boardroom moves in solar, storage, cleantech, utilities and energy VC.
Solar developers, including First Solar, believe that a direct cash payments solution could keep solar projects on track and help developers monetize the ITC in the event that tax equity financing dries up.
It’s solar earnings season and there’s a clear, non-surprising theme: The first quarter was strong and largely unimpacted by the pandemic, but the second quarter and 2020 as a whole is uncertain.
Also in the brief: solar on schools in Virginia and a Hawaiian microgrid.
A major advantage of this design is the ability to string cables over a longer distance without the support needed in traditional racking approaches.
Even though the U.S. market is showing some signs of stabilizing, the decline in installation rates in April alone was 33%.
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