GIP launches renewable energy developer, acquires 4.7 GW of SunPower assets
Clearway Energy Group has been formed from NRG’s renewable energy businesses and SunPower’s project pipeline.
Grid-connected battery energy capacity grew 68 percent last year
A utility survey shows battery storage capacity growing sharply, including solar + storage installations in several states. Looking ahead, FERC Order 841 could spark extensive new storage for grid services, helping more utilities become familiar with storage and its benefits.
Europeans break ground in Texas and Utah on 300 MW of solar power
Copenhagen Infrastructure Partners have started construction on their Misae and Sage solar power projects, located in Texas and Utah and sized 240 MW-AC and 58 MW-AC, respectively.
Insuring the sunrise with Wall Street finance
kWh Analytics and Swiss Re have structured a deal with GCL New Energy and PNC Bank for 50 MW of solar projects financed using the Solar Revenue Put to guarantee 95% of solar generation.
Colorado trades away coal and gas for solar+wind+storage
The Colorado PUC has voted to provide initial approval of a plan to retire 660 MW of coal early and not build any new gas, instead constructing over 1 GW of wind, 700 MW of solar and 275 MW / 1.0 GWh of energy storage.
So you want be a utility scale solar power developer?
Cypress Creek Renewables has received approval from a local planning commission in Missouri for a 14 MW-DC single axis tracker solar plant, whose output will be sold for $44.81/MWh in a 30 year contract.
How to install solar power strong enough for a hurricane
The 2017 hurricane season gave analysts at the Rocky Mountain Institute a broad dataset of storm-related solar power plant outcomes, from which they have delivered a list failures and specification for high wind speed survival.
Texas is going green: 86% of future capacity solar or wind, zero coal
ERCOT’s pipeline of projects has ballooned to almost 80 GW. 12 GW of this is gas and the rest is wind and solar power plants, as well as 522 MW of energy storage.
$1.2 billion clean energy fund closes, targets utility scale in the USA
Capital Dynamics announced the final close on its most recent clean energy fund, totaling $1.2 billion in commitments. The company is now managing 2.3 GW of solar installations.
Michigan municipality going 100% renewable
The Traverse City Light and Power Company has approved a plan to move to 100% renewable energy by 2040. The interim plan inlcudes a goal of 15% renewable by 2021, and 40% by 2025.
