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.
Primergy Solar announced it reached commercial operations for the project in Hill County, Texas.
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.
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.
Solar developers prioritize advanced-stage projects in the U.S. due to tightened tax credit deadlines, while projects in Canada are “full speed forward.”
Developers will need to navigate expiring tax credits, stricter “safe harbor” rules and foreign content restrictions.
Invenergy’s solar project is an example of developers repeat business to a local Indiana community following a successful solar project’s development.
Solar reached 11% of U.S. electric generation capacity, said data through April from the Federal Energy Regulatory Commission.
The Minnesota Public Utilities Commission (PUC) approved two solar projects totaling 475 MW of capacity, one of which is one of the largest single-site solar installations ever approved in the state.
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