Tax credit cuts from the Republican Congressional budget bill have made more than 320 proposed solar and wind projects no longer economically viable, said the business consultancy.
Meta signed a long-term agreement for the 600 MW solar project’s generation as its data centers continue to multiply across the country.
Solar and wind generated 40.2% of the ERCOT grid’s electricity this year through June. When coal plants shut down for unexpected maintenance, solar and wind stepped in, providing about 50% of generation during peak summer demand in the highest electricity consuming state in the union.
Primergy Solar announced it reached commercial operations for the project in Hill County, Texas.
Recurrent Energy closed project financing for Blue Moon Solar, a solar power plant currently under construction.
The independent power producer secured a $675 million revolving construction finance facility to help fund solar and storage projects planned in Illinois, Ohio and Texas.
Geronimo Power breaks ground on a 250 MW project, OCI Energy sells a 120 MW project and DESRI starts construction on a 150 MW solar, 600 MWh battery project.
Solar developers prioritize advanced-stage projects in the U.S. due to tightened tax credit deadlines, while projects in Canada are “full speed forward.”
Developers will need to navigate expiring tax credits, stricter “safe harbor” rules and foreign content restrictions.
Invenergy’s solar project is an example of developers repeat business to a local Indiana community following a successful solar project’s development.
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