BlackRock aims a $2.5 billion fund at commercial and industrial solar, wind, and battery storage
The good news is that the world’s largest fund manager, BlackRock, just closed $1 billion of a record $2.5 billion fund dedicated to solar, wind, and energy storage projects. The bad news is that the $2.5 billion fund is a tiny fraction of BlackRock’s $6.96 trillion balance sheet and small change compared to BlackRock’s $17.5 billion investment in coal.
RE100 experiences biggest year ever
Growing by a third and seeing already one in seven members at 100% renewable electricity, more and more companies are joining RE100 and leading the global switch to renewable energy.
Do Montanans dream of affordable electric buses, EDF and Shell sign a substantial contract: pvMB 12/5/19
Hello wonderful people and welcome to your Thursday pvMB. today we’ve got Savion’s 8 GW project pipeline, Mrs. Butterworth going solar, 3 MW coming to Virginia schools from Standard Solar and more!
Fair compensation for rooftop PV generation: lawyers make the case
The Tennessee Valley Authority will offer just over 2 cents per kWh for distributed solar, although TVA’s prior calculations show a value of 7.2 cents per kWh, or higher when counting avoided pollution. An environmental lawsuit may be brewing.
Biased capacity markets accelerating gas over solar, storage
Regional markets for energy capacity favor new gas generation over solar and storage, at a high cost to consumers. Eight U.S. Senators have taken notice, while a new report marshals the evidence.
Springbok foreshadows Capital Dynamics upcoming development dominance
The 450 MWdc cluster is finally fully operational in California, heralding the start of a Capital Dynamics project pipeline that encompasses multiple GW across the utility and C&I spaces.
Solar capacity could soar with electrified transport and heating
With wide adoption of electric vehicles and heat pumps, Colorado’s least-cost grid would reach 21 GW of solar capacity, 12 GW of wind, and 7 GW of storage by 2040, while electric rates would decline. These modeling results apply to other states as well.
ITC extension hits the house, St. Louis going clean: pvMB 11/20/19
Hello wonderful readers and welcome to this week’s Hump Day morning brief. on this most wonderful of Wednesdays we have Target’s 500th rooftop installation, big procurement by Facebook and a NextEra project in South Carolina.
No property tax for residential solar in Michigan
Governor Gretchen Whitmer (D) has signed three bulls which will together reinstate the property tax abatement that residential solar installations have been missing in the state since 2012.
Calling all California solar and storage developers – 6,000+ systems, 32 MW+ request for proposals
Four California CCAs have combined to release a joint RFP in Alameda, San Mateo and Santa Clara counties for developers to build out distributed energy storage at local homes, multifamily properties, and commercial buildings that can keep the locations running when the grid is powered down.
