California needs a fast and furious 4 GW build out of new clean energy capacity
A proposed ruling has been submitted extending gas plant lifetimes by one to three years while 4 GW of new capacity, including demand response, is integrated into California’s power grid by August 1, 2023 to meet expected demand shortfalls during the annual September peak events.
Clean Power Alliance is looking for renewables, at all scales
The LA-area Community Choice Aggregator (CCA) has opened a solicitation for hundreds of megawatts of both large-scale and distributed renewable energy projects, which will be offered 15-year power contracts.
America’s largest floating solar project completed
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.
NextEra is on a roll
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.
Virginia is for lovers (of solar power)
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.
ACCIONA buys solar + storage on a national scale
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.
Dominion throws the challenge flag on the Energy Freedom Act
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.
Another hedged solar project moves forward in Texas
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.
Q3 solar pricing is down – call your corporate customers now!
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.
There’s a new top dog in South Carolina solar
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.
