Electric utility NIPSCO announced plans to close all of its coal facilities by 2028, replacing them with solar, solar+wind, wind, demand side response and the spot market. The utility says some of the coal facilities could have stayed open past 2035, but would have cost customers millions of dollars more than shifting to new solar power.
The $1.54 billion transaction will make Con Edison the 2nd-largest owner of operational solar assets in the United States, and is expected to close by the end of the year.
The independent power producer has closed on a $499 million, investment grade, private placement financing representing approximately 650 MW of utility-scale wind and solar power projects.
Failures of the electric grid have affected large solar plants after Hurricane Florence, just as they are affecting centralized generation.
The projects would be a first for all but one of these utilities, as publicly-owned power companies continue to lead Texas’ solar charge.
Jacksonville, Florida’s municipal utility has gotten rid of net metering and lowered the rate paid for excess solar produced electricity. Concurrently, the utility is pushing larger scale solar and energy storage programs.
The long-term, steady income of solar power complements the higher revenue, but harder work of traditional farming. The Massachusetts SMART program looks to increase this trend with “agrovoltaic” incentives for solar co-located with crops.
The request for proposals issued last week by National Grid includes contract terms that are anything but favorable to renewable energy developers, and seeks projects so large that they will be difficult to site.
Australian real estate developer Lendlease is pushing forward on a 200 MW solar power project. No electricity off taker has been noted, but the project has secured town approval and a tax abatement.
Tesla has released an image of its solar powered rooftop, which is currently under construction. It is now clear that the system will be the world’s largest at 70 MW.
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