Con Edison’s big buy: 943 MW of solar from Sempra
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.
If you build it, they will buy it: sPower refinances $499 million of wind and solar
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.
Solar installation costs declined 5 to 11% in 2017, little so far in 2018
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.
Sol Systems put a ring on it
A joint venture of Sol Systems and Nationwide Insurance has purchased 135 MW-DC of solar projects from Cypress Creek Renewables in North Carolina.
SRP approves $50k donation to fight Arizona RPS initiative
The board of the Arizona utility has approved a $50k donation to fight a ballot initiative to move the state to 50% renewable electricity by 2030, even though SRP would not be directly subject to the mandate.
How far should we push oversizing a solar power plant?
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.
Solar power by sPower in Spotsylvania signs more contracts
The largest planned solar power plant east of the Rocky Mountains at 500 MW-AC has signed PPAs for all of its planned production with Microsoft, the University of Richmond, and a consortium of businesses including Apple.
Utility-backed fund raises $681 million for advanced energy technologies
Energy Impact Partners, who partners with 14 electric utilities, has raised $681 million to continue investing in technologies that have a high probability of influencing the future power grid.
Europeans break ground in Texas and Utah on 300 MW of solar power
Copenhagen Infrastructure Partners have started construction on their Misae and Sage solar power projects, located in Texas and Utah and sized 240 MW-AC and 58 MW-AC, respectively.
Insuring the sunrise with Wall Street finance
kWh Analytics and Swiss Re have structured a deal with GCL New Energy and PNC Bank for 50 MW of solar projects financed using the Solar Revenue Put to guarantee 95% of solar generation.
