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.
Australian real estate developer Lendlease is pushing forward on a 200 MW solar power project. No electricity off taker has been noted, but the project has secured town approval and a tax abatement.
A joint venture of Sol Systems and Nationwide Insurance has purchased 135 MW-DC of solar projects from Cypress Creek Renewables in North Carolina.
Renewables IPP is preparing to build a 100 kW project in Willow, Alaska. This will be the state’s largest until a 563 kW plant comes online this fall.
The Kentucky Municipal Energy Agency has signed a power contract to purchase most of the electricity from an 86 MW-AC solar power plant, which will begin to offset the loss of coal and gas facilities at the end of 2022.
Fluence Energy has given guidance on optimizing solar module loading ratios, suggesting that a 1.9:1 DC:AC solar panel to inverter ratio, in defined circumstances, makes economic sense with integrated DC-coupled energy storage.
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