In addition to making the stand-alone energy storage investment tax credit (ITC) eligible and extending a 30% solar ITC through 2025, the House bill creates a direct pay mechanism that can be used in lieu of the ITC.
Also in the brief: SolarEdge is set to launch the company’s newest product, Stem Inc has launched its first solar+storage independent power producer site, PCL Construction Services has begun work on the 20 MW Odom Solar Farm and more.
AES has released an RFP for the purchase of up to 1 GW of new renewable projects as part of its partnership with Google. Here’s a breakdown of the technologies and terms the solicitation is seeking.
Development of the the 150 MW Cabin Creek solar farm is set to move forward, now that developer Clenera has come to terms on a 15-year contract with Basin Electric Power Cooperative.
Executive, career and boardroom moves in solar, storage, cleantech, utilities and energy VC.
In pursuit of the state’s Climate Leadership and Community Protection Act, the two entities have outlined a plan to rewrite current procurement procedures, expand the role of offshore wind and establish a new tier of eligible generation resources.
Also in the brief: Repowering older wind and solar plants is big business and getting bigger, Xcel accelerates $3 billion in spending, particularly on large renewable-energy projects, Highview gets more funding for long-duration energy storage.
Investments will include offshore wind, onshore wind, solar PV, transmission, storage, waste-to-energy and biomass assets.
The Bureau of Land Management “has ignored most possibilities” for utility-scale solar “on its vast land holdings across the solar-rich Southwest,” says a paper. Renewable energy development accounts for less than 1% of economic activity on BLM lands, while oil and gas account for 70%, according to BLM data.
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