New Jersey-based utility Public Service Electric and Gas Company (PSE&G) is branching out its solar acquisition portfolio, by acquiring two utility-scale PV plants from BayWa r.e. in North Carolina, through its subsidiary PSEG Solar Source.
GameChange Solar announced that 85 MW of its Max-Span pile driven systems were shipped to an unnamed customer in Wilson, North Carolina. Much of the system has already been installed and the rest will be completed shortly.
The two yieldcos have entered into an exclusive agreement with Brookfield towards a purchase of the company, and entered into an MOU with SunEdison towards settling lawsuits to enable this sale.
ETAP, a power system software provider, is helping the island nation of Aruba develop microgrids as the government pushes for 100% renewables by 2020.
Interview: Financiers are cautious. They would rather not finance a project than risk their investment in betting on the weather. As a result, many promising projects are not realized. Gwendalyn Bender, Vaisalas Product Manager for Solar Assessment Services explains how to reduce uncertainty and improve financing probabilities and conditions.
With a strong market in 2016, New Jersey retains the fourth-largest installed capacity and the 2nd largest capacity of distributed generation in the United States.
The two U.S.-based companies have announced a major partnership for the acquisition of $300 million in operating clean energy assets, with a focus on distributed solar projects in the near-term.
The PV Market Alliance has released its official solar installation figures for 2016, which show a 50% growth from 2015 with a total of 75 GW installed. This was mainly driven by a mammoth year of installations in China, although the future would seem less auspicious as the two biggest markets show signs of retraction.
The latest round of financing brings the total raised in 2016 to $165 million, which allows the company to pursue an aggressive growth strategy moving forward.
The Boston-based solar developer, founded in 2016, purchased the significant project pipeline to establish itself as a national player in the U.S. solar market.
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