Rhode Island’s solar-powered move: Conti signs 35 MW EPC agreement with Southern Sky
Conti Solar has signed a five project, 35 MW EPC agreement with Southern Sky Solar in Rhode Island. These projects alone would represent about 30% growth in the state’s total solar capacity, however, the state’s development queue is huge as it aims for 1 GW of renewable energy in 2020.
US triples energy storage installations, residential grows 10X to become largest sector
Wood Mackenzie projects that the U.S. energy storage market will reach well over $500 million in sales this year, following on 61.8 MW / 156.5 MWh of installations during the second quarter. Residential storage has grown at 61% per quarter since Q1 2017.
GIP launches renewable energy developer, acquires 4.7 GW of SunPower assets
Clearway Energy Group has been formed from NRG’s renewable energy businesses and SunPower’s project pipeline.
Grid-connected battery energy capacity grew 68 percent last year
A utility survey shows battery storage capacity growing sharply, including solar + storage installations in several states. Looking ahead, FERC Order 841 could spark extensive new storage for grid services, helping more utilities become familiar with storage and its benefits.
Global EV sales hit 4 million, soaring market sees next million in May 2019
While it took 60 months to reach the first million electric vehicle (EV) sales, in late 2015, it took the fourth million just six months. China is driving this development. Meanwhile, as first generation EVs batteries are reaching their end-of-life, interest in second-life use cases is growing. The volume of retired EV battery packs is set to be 108 GWh by 2029 – representing a third of the expected storage capacity market at that time.
Europeans break ground in Texas and Utah on 300 MW of solar power
Copenhagen Infrastructure Partners have started construction on their Misae and Sage solar power projects, located in Texas and Utah and sized 240 MW-AC and 58 MW-AC, respectively.
Duke Energy, Wal-Mart reach agreement in REC structure case
The two giants, one in the utility sector and the other in retail, have reached an agreement over the protested bill credit model in Duke’s Green Source Advantage Program and Rider.
Insuring the sunrise with Wall Street finance
kWh Analytics and Swiss Re have structured a deal with GCL New Energy and PNC Bank for 50 MW of solar projects financed using the Solar Revenue Put to guarantee 95% of solar generation.
Colorado trades away coal and gas for solar+wind+storage
The Colorado PUC has voted to provide initial approval of a plan to retire 660 MW of coal early and not build any new gas, instead constructing over 1 GW of wind, 700 MW of solar and 275 MW / 1.0 GWh of energy storage.
Minnesota community solar reaches 400 MW milestone
By adding over 100 MW in the last 5 months, the nation’s leading community solar program keeps growing, with no signs of slowing down.
