Business

Colorado Springs Utility has approved plans to build 150 MW of solar power, coupled with energy storage. This project, plus prior capacity, will bring the company to 21% solar electricity by 2024.

8minutenergy has entered into a definitive agreement to sell its interest in the 121 MW-DC Springbok 3 Solar Farm to Capital Dynamics. The project has a 27-year contract to sell power to the Los Angeles Department of Water and Power.

The acquisition will serve as a marriage between EDF’s established solar+storage expertise and EnterSolar’s history of C&I project development.

AlsoEnergy has acquired/merged with its third energy monitoring and asset management company this summer. This most recent move brings 25 GW and 190,000 projects under AlsoEnergy’s responsibility.

SEIA is seeking to save $1 per watt on costs by automating the solar permit process, and also to unlock 30 GW of solar plant energy storage projects by confirming the 30% tax credit on commercial energy storage retrofits.

Electric utility NIPSCO announced plans to close all of its coal facilities by 2028, replacing them with solar, solar+wind, wind, demand side response and the spot market. The utility says some of the coal facilities could have stayed open past 2035, but would have cost customers millions of dollars more than shifting to new solar power.

The $1.54 billion transaction will make Con Edison the 2nd-largest owner of operational solar assets in the United States, and is expected to close by the end of the year.

The independent power producer has closed on a $499 million, investment grade, private placement financing representing approximately 650 MW of utility-scale wind and solar power projects.

This year’s version of Berkeley Lab’s Tracking the Sun report saw residential installs fall 6% to $3.50 / W, small business fall 11% to $2.90 / W and large business fell 5% to $2.20 /W in 2017, with light changes in early 2018. However, these averages cover wide price variances in different markets.

The long-term, steady income of solar power complements the higher revenue, but harder work of traditional farming. The Massachusetts SMART program looks to increase this trend with “agrovoltaic” incentives for solar co-located with crops.