Ciel & Terre USA has completed a 4.4. MW floating solar array in Sayreville, New Jersey, the largest of such a project in North America. This is an important step for a technology that NREL predicts could reach 9.6% of current electricity generation.
The largest wind and solar developer continues to grow, with more solar projects paired with storage as it reaches 5.3 GW of contracted solar projects. And it’s making good money at the same time.
The State of Virginia has announced a procurement of 345 MWac of solar power from three solar projects under developing, and one pending, with 20-year power purchase agreements starting at 3.4¢/kWh.
The Spanish company has purchased 3 GW of solar projects and 1 GW of solar + storage from developer Tenaska, with all of the projects concentrated in non-traditional solar markets.
The utility is attempting to set the avoided energy cost rate for solar projects under PURPA at just $16.76/MWh for new generation and $23.46/MWh for queued generation. These are some of the lowest avoided cost rates seen to date.
Cubico has closed on financing for the 162 MW Wagyu project on Texas’ Gulf Coast, which holds both a hedge and a PPA, the latest such project to move forward.
LevelTen Energy’s Q3 PPA Price Index for its online marketplace shows pricing down 5.4% percent over the year, with corporate and utility customers driving demand. The company also reports a slight increase in those who think pricing might fall more next year – with a majority predicting flat or declining prices.
Cypress Creek Renewables has put online the 106 MWdc Palmetto plains solar project, one of several 100 MW or bigger behemoths going up in Orangeburg County.
Massachusetts regulators have opened an investigation into electric utility National Grid’s handling of the SMART solar power program, which has led to 1 GW of projects being put on hold after many of them were given utility approval.
The 121 MWdc Springbok 3 brings the Springbok series to 448 MW, as Capital Dynamics continues its investments in U.S. solar.
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