Residential solar asset financing is alive and well as Spruce Finance closes $124 million deal
Residential solar asset owner-operator will use the funds to continue its acquisition spree.
J-Power, a dedicated fossil fuel developer, goes big in solar with 350 MW in ERCOT
The economics of solar project development in Texas are so compelling, even coal and gas giants want a piece of the action.
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.
The world added .115 terawatts of solar power in 2019 for a cumulative .629 terawatts
IEA PVPS report: Global solar demand increased by 12% in 2019 compared to 2018 — but that was BC. According to the report, photovoltaics provided just under 3% of global electricity needs in 2019.
Philadelphia-area transit agency expects six-figure annual savings from 44 MW solar project
The transit agency expects to save “several hundred thousand dollars a year, on average” through its fixed-price contract for solar power. The agency’s sustainability program “is a platform not just for environmental improvements, but for financial improvements,” said an executive.
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.
Abu Dhabi’s 1.5 GW tender draws world record low solar bid of $0.0135/kWh
The tariff is around $0.0021 lower than the $0.0156/kWh French oil giant Total and Japanese conglomerate Marubeni Corp offered in Qatar’s 800 MW tender in late January. French energy company EDF and Chinese solar company JinkoPower reportedly submitted the record bid in the UAE exercise.
Utility-scale roundup: The days of big solar projects in the US are back
The number of large solar projects (say, 100 MW and bigger) is rapidly increasing in the U.S. — and pv magazine is keeping track. We’ve rounded up this week’s big news in big solar.
