Also on the rise: New Jersey regulators vote to offer new net metering incentives, Mechatron Solar receives a patent for a gearless dual-axis tracker, and GEBs may save gobs of money for building owners and power providers.
The Successor Solar Incentive Program emerged from a mandate to replace the state’s existing solar program with incentives that encourage solar development while minimizing ratepayer cost.
The company delivered 300+ MW of 385Wp and 390Wp Mono PERC Solar PV modules for installation at the Aquamarine solar project, a 250 MW portion of the larger Westlands Solar Park.
Almost all of the new capacity has yet to be built, with the new contracts putting Central Coast Community Energy, Silicon Valley Clean Energy total joint signings well over 1 GW.
Also on the rise: A startup invents a breakthrough battery electrolyte, renewables generated a record amount of electricity in 2020, a 250 MW solar project is proposed in Wyoming, and more.
All forms of renewable energy, including solar, moved into second place in terms of electricity production.
The simplest way to model the payback period is to divide the project’s costs by its expected annual production number. That’s a good start, but it doesn’t tell the whole story.
The installation represents more capacity than the state has installed to date, with the project’s developer hinting at more to come.
Also on the rise: Tesla said it is working to ‘dramatically’ improve its solar roof installation performance, FPL’s ‘community solar’ program hits its ceiling, and Michigan and Wisconsin look to expand their own community solar offerings.
In its Q2 earnings statement, Tesla said it is working to improve its Solar Roof installation capabilities and aims to reduce their installation time “dramatically.”
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