Finance

Duke keeps rolling in 2019 with a strong second quarter

Duke Energy’s financial results for Q2 2019 results show strong earnings, driven partially by the exponential year-to-year growth of the commercial renewables sector, as well as a short-term forecast of PV development.

Bankrupt PG&E trading time for solar and storage discounts

Pacific Gas and Electric Company has requested that its bankruptcy court judge approve a 10% and 11% reduction on five contracts for solar and storage projects under development, in exchange for extensions ranging from 12 to 24 months to deliver working projects.

2

Big Canadian money snatches up Nautilus Solar

The solar development & asset management company has been acquired by a subsidiary of Power Corporation of Canada, which it says will allow it to accelerate its move into community solar.

Utility scale, rather than behind-the-meter batteries will drive energy storage take-up

BNEF has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.

3

CNN to host town hall on the climate crisis, Solar microgrid saves wedding: pvMB 7/30/19

Hello all of you wonderful people and welcome to the pvMB. Today we’ve got our eyes on Georgia Power’s solar+storage Smart Neighborhood, a scathing op-ed regarding HB 6 and more!

Solar brings in the big bucks for local governments

A new report from North Carolina Sustainable Energy Association shows the dramatic increase in tax revenue that solar projects bring. And for the future of development, this money talks, loudly.

Sunnova nets $158 million in IPO

The fourth-largest third-party solar company is now a public entity and while the results of its offering are only half of what it predicted, the stock bounced back on Friday.

The next two weeks will determine PG&E’s future

A federal judge has given California officials until August 7 to review third-party proposals for the revival, reconstruction and potential takeover of Pacific Gas And Electric. The maligned utility filed for Chapter 11 bankruptcy in January, facing roughly $30 billion in wildfire-related insurance claims.

7

5-year ITC extension introduced in U.S. House, Senate

The twin bills would extend the 30% Investment Tax Credit (ITC) for another five years, with an identical step-down schedule.

9

The billion-dollar battery boom

Corporations are buying up batteries and investing in their companies like it’s going out of style.

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