More than 30 Wendy’s and McDonald’s franchise locations in Illinois are estimated to save an annual $20,000 in electrical costs by subscribing to community solar, the savings of which will increase as more community solar projects come online.
The independent power producer acquired utility-scale solar projects in Colorado and Virginia.
The funds will support a 674 MW solar project developed by Hecate Energy.
Silicon Ranch will build, own and operate the 150 MW Byers Solar Farm, with United Power signing a power purchase agreement for all the energy produced.
The U.S. added 30 GW of solar in 2024 and solar is expected to remain the largest source of new generating capacity added over the next two years.
Renewable energy credits procured by Tribal-owned Seneca Environmental and retired on behalf of Pinterest will be used to offset home electricity use for work-from-home employees.
First Solar and Terrasmart expect U.S. developers will secure the 10% domestic content bonus credit with the companies’ racking and module integration.
Wood Mackenzie’s latest report forecasts that 493 GW (DC) of solar will be added throughout the world this year, compared to 495 GW in 2024. Solar module prices are expected to rise this year as manufacturers aim to recover profit losses from the past two years.
A study backed by the Solar Energy Industries Association (SEIA) and others said solar, batteries, and wind is expected to contribute over $20 billion in tax revenue and nearly $30 billion in payments to landowners.
Five planned solar facilities will add 700 MW of capacity to a state that currently has only 376 MW of solar installed.
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