A North Carolina energy provider will buy the project’s full output through a 25-year fully bundled Power Purchase Agreement.
An otherwise pro-renewables bill in Congress would repeal a key policy that has underpinned large-scale solar development. Up to now, few solar developers have been aware of this wolf in sheep’s clothing.
Also on the rise: LG will supply RWE with 200 MW of storage, SB Energy signs a PPA for a Texas solar project, and Invenergy lines up financing for a 200 MW Michigan solar project.
The developer has three separate long-term power purchase agreements with utilities for the output.
The program supports clean energy innovation and technology development across Massachusetts. Here are some of the recent cash awardees in solar and energy storage.
Also on the rise: Terabase acquires a performance modeling software platform, Tigo launches a rapid shutdown device, and NV5 Global acquires Sage Renewable Energy.
The energy storage technology and services company said the investment will bolster its bankability as the energy storage market grows.
Also on the rise: Illinois’ solar residential market fell off the roof in Q2, Arizona approves incentives for residential energy storage, and green roofs can improve panel efficiency.
A renewables investment report from BloombergNEF noted record growth for solar projects as wind power investment eased. A 1.8% yoy rate of growth was cause for concern, however.
The partnership is the two companies’ second under Soltage’s Iris capital vehicle, and the two ultimately plan on deploying 450 MW of new distributed solar and storage projects across the United States together.
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