First Solar brought in a net profit on the sale of a major solar project, as it orders tools and prepares for the switch to its large-format series 6.
The 750 MW project, located in Mexico, has already received 200 MW of the company’s single-axis trackers already – with more to come.
Despite a challenging financial environment, NRG continues its solar expansion, including an increasing presence in community solar.
The utility cites the falling cost of utility-scale solar for the expanded role, and the large majority of solar plants will be located in North Carolina.
The case, filed in U.S. Bankruptcy Court for the District of Nevada, shows the California installer has liabilities of up to $10 million, owed to up to 5,000 creditors.
SEPA’s annual utility list shows utilities in North Carolina, Iowa and Utah among the top 3 in its lists for solar installed on an absolute and per-customer basis. The organization also published new lists of the top utilities for storage deployment.
The move is part of the utility’s expansion of its Regional Renewable Choice program, which allows its customers to pay the developer directly and receive a credit on their electricity bill each month.
U.S. Department of Energy data shows single- and dual-axis trackers already comprising 53% of installed utility-scale solar capacity by the end of 2015.
Already under construction in conjunction with a long-term PPA with Duke Energy Progress, the new round of funding will allow the project to continue on its path to commercial operation by the third quarter.
The city will now receive 10.5% of its power from one of Texas’ largest utility-scale farms.
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