Sunrun weathers Covid for a strong Q1
The company reported strong solar deployments and revenue to start 2020, even with orders decreasing by as much as 40% for periods in March. And while the company has remained strong throughout the Covid-19 pandemic, additional sales decreases loom in Q2.
SunPower accesses $1 billion in residential solar and storage loan capital from Tech CU
Despite the pandemic, capital is still pouring into solar.
Dominion plans 16 GW of solar for Virginia by 2035
Under the utility’s latest IRP, Dominion plans to procure 16 GW of solar, 2.7 GW of storage and 5.1 GW of offshore wind in the next 15 years. Kicking off these new plans comes a request for proposals of 1 GW of solar or wind and 250 MW of energy storage.
Morning Brief: Houston is buying 100% renewable energy, SolRiver Capital has $200 million for solar projects
Also in the brief: Alchemy Renewable Energy has closed on deal to acquire a 44.5 MWdc solar energy portfolio, Ormat Technologies has begun the commercial operation of the Rabbit Hill Battery Energy Storage System, Kansas’ largest solar project ever has officially gone live and more.
Southern California Edison wants its new, huge 770 MW battery storage procurement online fast
In an era of plunging battery costs, these awards point to the end of intermittent renewables and the dawn of dispatchable solar and wind.
Morning Brief: PG&E customers ready to ride out fire season with batteries, are EVs holding back stationary energy storage systems?
Also in the brief: Chinese EV startup Nio has secured a $1 billion investment, Kore Power has entered into a strategic partnership with ELM FieldSight, Nautilus Solar Energy has closed on a $90 million debt financing agreement and more.
Morning Brief: Enormous PV projects in Alabama, Florida, Texas, Ohio and Wisconsin
Also in the brief: Wärtsilä delivering a 70 MW energy storage project in CAISO and the DOE Solar Desalination Prize.
Despite solar woes, Tesla turned its first-ever profitable Q1
Tesla finished Q1 2020 with a positive GAAP net income, driven by the profitability of the Model Y. However, the story was not so bright for solar, storage or corporate governance.
Duke doubles renewable goals while staying committed to fossils
The utility giant now owns or purchases 8,000 MW of renewable generation, with plans to double that mark by 2025. However, while the company eyes zero-carbon electricity by 2050, it maintains that natural gas will remain a crucial source to achieve this goal.
Solar and storage installers officially considered essential workers in California
The list of essential workers during the pandemic includes reporters, liquor store employees, and workers supporting cannabis retail.
