Business

Also in the brief: GOP Senators seek help for renewables, Engie is among those chosen in Hawaii’s largest renewable tender.

Now that the two-year tax holiday enjoyed by solar and wind projects operating on federally-owned lands is over, project owners and developers are facing back rent with more expensive leasing costs looming in 2021. With federal land being critical to a renewable future, what can be done?

Also in the brief: the California Solar and Storage Association has released an eight-point economic stimulus plan of action, PG&E’s restructuring will likely happen later this month, a new solar car, Mark Menezes’ nomination to become Deputy U.S. Energy Secretary and more.

Also in the brief: Consumers Energy is providing 100,000 Google Nest thermostats to Michigan households, Tesla has quietly made Model 3 ready for bidirectional charging, SolSmart adds new partners.

The surge in storage revenue due to specific grid conditions in Australia was one of the main factors behind a 61% year-on-year increase in revenues that Neoen saw in the first quarter of the year.

New research models that the price of solar will continue to drop faster than previous predictions. This would mean that building new solar would be routinely cheaper than operating already-built fossil fuel plants, even in today’s world of ultra-cheap natural gas.

Also in the brief: Lightyear gets a key supplier, a nine-project network in New York, the 25th National Solar Tour of Homes and more.

$40 million is coming down the pipeline via an agreement between New Columbia Solar and Franklin Park Infrastructure. The money will not only help New Columbia to expand its team, but also bring 30 MW of distributed solar to the area with the nation’s most aggressive renewable energy standard.

16 project winners totaling 460 MW in capacity have been chosen by Hawaiian Electric Company to fill its most ambitious renewable procurement yet. The move will bring jobs to one of the areas hardest-hit by virus-related unemployment.

Also in the brief: Ginlong Technologies plans to raise over $100 million, the US–China trade war and COVID-19 have massively impacted coal financing, SunPower’s planned split and establishment of Maxeon Solar Technologies has received approval in China and more.