The company’s second major project news of the fall also marks its entry into the US solar market.
For the residential solar industry in the U.S. to grow, the field of technological innovation and solution diversity must grow beyond the current market share.
Also on the rise: Massachusetts considers SMART program changes, EV demand could tighten li-ion battery supplies for utility energy storage, and Greenbacker adds to its Colorado solar portfolio.
The company said it will consider options for its Commercial & Industrial Solutions business including new ownership.
All four projects in the portfolio are planned to reach operation by Q3 2022, with the fourth project currently undergoing acquisition.
The business unit is seeking renewable energy purchase agreements of up to 15 years for solar, wind, and BESS that begin operation starting in 2022.
The companies plan to buy more than 425,000 RECs, which may include solar renewable energy credits.
The deal is for fully integrated two-hour battery systems for 390 MW of new battery storage projects, all of which are expected to start construction by the end of 2022.
Also on the rise: ESS will supply energy storage tech to SB Energy, Leeward Renewable signs a PPA for solar plus storage, and we continue our look at the world’s largest solar facilities.
Tesla Megapacks will be installed at California load centers in a four year series of projects called the Falcon portfolio.
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