Sempra Energy selling 1.2 GW of solar projects
Sempra Energy is selling off a portion of its energy generation assets as part of an activist shareholder’s push to “optimize” its portfolio.
Elon Musk’s unprecedented solar+storage vision for Puerto Rico moves forward
Puerto Rico is requesting ten 20 MW / 20 MWh batteries to be deployed strategically in the country’s power grid. The RFQ notes that sites should be upgradable to 40 MW / 160 MWh.
Solar bond pays for 12 solar installations, with no taxpayer cost
The City of Albuquerque has revealed details of the first phase of $25 million in solar power investments, as part of its goal to bring the city to 25% renewables. The first 12 projects are on local structures including fire and police stations, increasing resilience.
Mosaic Solar breaks $1 billion, earns an ‘A-‘
KBRA has assigned Preliminary Ratings to the most recent Mosaic Solar Loan Trust. The aggregate amount is $317 million, with $273 million earning the A- rating.
IRS gives big solar two more years
The IRS, via Notice 2018-59, has modified the Investment Tax Credit to allow solar projects to begin construction by the end of the 2019, and still get the 30% – versus being in service by that date.
Community Solar spurns New York’s VDER, seeks a return to net metering
The New York State Assembly has passed a bill which would temporarily put a hold on the alternative valuation of electricity from community solar projects and re-institute net metering for three years. The companion bill currently sits in Senate Rules Committee.
SunPower, First Solar close on sale of yieldco 8point3
The sale brings in $240 million for First Solar and $360 million for SunPower, as both companies re-focus on manufacturing. Capital Dynamics now owns the yieldco.
U.S. renewable energy finance weathers the storm
Day one of ACORE’s REFF Wall Street conference shows U.S. renewable energy finance in a healthy state, despite policy headwinds from the Trump Administration. But in the longer term, things get hot and crowded.
$1 trillion by 2030 – ACORE lays out a US pathway
American Council on Renewable Energy launched a new campaign that aims to reach $1 trillion in U.S. private sector investment in renewable energy and enabling grid technologies by 2030.
Falling battery costs to push solar, wind to 50% electricity by 2050
BNEF predicts that solar PV capacity will grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation. Investments will reach $11.5 trillion. Cost reductions will drive this charge, particularly in the battery market. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels.
