SunPower had a ‘solid’ Q1, finds hope for May and June after a difficult April
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.
Morning Brief: Financing for a 200 MW project, EDP agrees to a power contract
Also in the brief: solar on schools in Virginia and a Hawaiian microgrid.
1 MW battery system meets the challenge of supplying power to a remote Alaskan community
Cordova, Alaska, a small fishing community in a remote part of Prince William Sound, has been able to find long periods of fossil fuel independence thanks to a new battery system developed by Saft.
SolarEdge reports record revenue, yet Covid looms over residential PV for the next two quarters
Even though the U.S. market is showing some signs of stabilizing, the decline in installation rates in April alone was 33%.
Morning Brief: massive PacifiCorp renewable energy RFP excites developers, China’s energy storage boom falters
Also in the brief: First Solar will supply Geronimo Energy with 415 MW of Series 6 modules, a D.C. circuit court hears about a vital FERC energy storage order, the Midwest Solar Expo will not be postponed and more.
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.
