Bankruptcy

Also on the rise: Sunlight Financial files bankruptcy, acquired by industry consortium. California is curtailing more solar power than ever before. And more.

The 6.8 MW portfolio is comprised of nine different project locations, including an innovative installation on one of the city’s capped landfills.

A new report from the International Energy Agency stresses the importance of geographically diversifying the global PV supply chain. This would prevent supply chain vulnerability to bankruptcies and underinvestment.

The projects, split across two portfolios, were acquired from BNRG Maine and bring the company’s capacity of acquired and developed community solar projects within the state to more than 92 MW.

A clunky tax credit system keeps vital incentives like the ITC and PTC from working the way Congress intended. Direct pay is the key to ensuring US projects have efficient access to low cost capital with greater certainty by providing cash incentives directly to clean energy projects and project sponsors.

The 16 installations in the portfolio all entered operation between the third quarter of 2018 and the second quarter of 2020, and each has an offtaker contracted for its generation.

The 1 MWh system is set to make its debut suppling power to Haute-Mauricie during transmission line upgrades.

The 6.9 MW/10 MWh Grissom solar and storage project will provide energy to the North Carolina Electric Membership Corporation under a long-term power contract.

The Commission declined to grant an enforcement action petition against state regulators that allowed Alabama Power to institute a punitive solar charge, instead allowing the petitioners to take the fight into their own hands in court.

The agreement will result in the construction of around 500 MW of renewable energy and storage projects to ensure that Google data centers will be 90% carbon-free when measured on an hourly basis.