Solar and wind generated 40.2% of the ERCOT grid’s electricity this year through June. When coal plants shut down for unexpected maintenance, solar and wind stepped in, providing about 50% of generation during peak summer demand in the highest electricity consuming state in the union.
Existing battery projects in California and Texas see upside, while hybrid storage bets in the Midcontinent Independent System Operator (MISO) territory and the Southeast face shrinking margins under the revised tax credit rules.
Primergy Solar announced it reached commercial operations for the project in Hill County, Texas.
Four solar projects for a 104 unit multifamily were supported by the 30% federal investment tax credit, plus a 10% adder for its designation as a low-income community project – credits that are soon going away under the new Republican budget bill.
Recurrent Energy closed project financing for Blue Moon Solar, a solar power plant currently under construction.
The independent power producer secured a $675 million revolving construction finance facility to help fund solar and storage projects planned in Illinois, Ohio and Texas.
With volatile prices in energy and natural gas, a large park district west of Chicago flipped the switch to solar for its financial advantages.
Geronimo Power breaks ground on a 250 MW project, OCI Energy sells a 120 MW project and DESRI starts construction on a 150 MW solar, 600 MWh battery project.
The Lime Kiln solar project, part of the Maryland Community Solar Program, will serve area residents while also providing sheep pasture and pollinator habitat.
Solar developers prioritize advanced-stage projects in the U.S. due to tightened tax credit deadlines, while projects in Canada are “full speed forward.”
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