TerraForm Power gives January deadline for bids, warns shareholders about its ability to continue
The yieldco says that bidders must provide firm pricing by a defined date in January, as it allows the offer of an expedited takeover by Brookfield and Appaloosa to lapse.
Illinois energy bill passes without demand charges or repeal of net metering
SB 2814 includes reforms to the state’s renewable energy mandate, which will now support an estimated 2.0 GW of solar by 2025, as well as a bailout for aging nuclear plants.
Renewables rise to 15% of U.S. electricity generation in Q1-Q3 2016
While solar’s share of net U.S. generation was only 1.4%, this is a 40% increase from a year ago.
NREL creates solar PV competitive test site
The test arrays will initially feature modules from three manufacturers, and NREL will publish the resulting performance and degradation rates online.
TerraForm Power, Global forecast continued losses in 2016
While TerraForm Power and TerraForm Global are making progress in their separation from SunEdison, the two yieldcos continue to be plagued by losses and report that available cash for payouts to investors will be substantially reduced from previous estimates.
Soltec America supplies 38 MW of trackers to Kayenta Solar Plant
Soltec will supply its SF Utility Single-Axis Tracker for the project in Kayenta Monument Valley, AZ, being developed by Isolux Corman Group.
GameChange cuts BOS install time with rivets
GameChange Solar has begun using rivets to mount PV modules in order to speed installation. Rivets are now being used on Max-Span pile driven systems, as well as with ballasted fixed-tilt and tracker systems.
World’s cheapest solar power contract signed for Dubai mega-project
DEWA has signed a $29.90/MWh PPA with Masdar for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum solar park.
BNEF: Betting on residual value is putting solar projects at risk
A research note from Bloomberg New Energy Finance warns of the danger to the latest wave of utility-scale projects with short power contracts at low prices.
NRG closes on 1.5 GW-AC of SunEdison wind, solar assets
The acquisition includes utility-scale solar projects in Utah, Texas and Hawaii as well as 29 MW of distributed solar in four states.
