The company will own and operate two installations that provide a combined 8.8 MW of clean energy to more than 1,400 homes, half of which will be low- to moderate-income households.
The 1.3 GW portfolio of projects are among the first to take advantage of the domestic content adder from the Inflation Reduction Act and are also qualified for the energy community credit adder.
Also on the rise: Fluence Energy achieves profitability, posts 85% revenue growth. New York State hits a milestone with 2 GW of community solar installed. And more.
This top community solar market has a total of 5 GW of distributed solar and another 3.3 GW in development.
California should evaluate front-of-the-meter distributed solar on an equal footing with transmission-connected utility-scale solar and behind-the-meter solar, not as an afterthought, say several advocacy groups.
Historically low module prices are expected to propel the global solar industry to record installations in 2023.
The funding adds to a $500 million equity investment made in Longroad Energy in 2022.
There are currently about 72,000 solar rooftops in the target region that includes Washington D.C., Northern Virginia and parts of Maryland.
The US solar power market navigated through significant developments, including a decline in total PV from 2021, a surge in community solar projects, increased corporate solar adoption, and impactful policy shifts such as the Inflation Reduction Act.
The rollercoaster of surging and plunging demand is a familiar feature of many PV marketplaces. Ethan Miller, the chief operating officer of Powur, a residential solar sales and project fulfillment platform, reports that the ‘solar coaster’ has arrived in the United States this year.
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