A new Ernst & Young power and utilities overview report shows that utilities and other deep-pocketed investors are putting financial support behind their environmental, social and governance initiatives.
The projects include the 275 MW Cadence Solar Energy project, one of the largest projects to be approved for construction in the Buckeye State.
Also on the rise: SunPower will market a VPP offering for energy storage customers, and mPrest CEO Andy Bennett talks with pv magazine about the potential for DER under Build Back Better.
Also on the rise: Intersect Power arranges $2.6B in financing for solar plus storage projects, Standard Solar announces 24 MW community solar in Maryland, and PS Oklahoma seeks solar and wind capacity.
Battery energy storage capacity may be included, and the solar projects must be sited in Oklahoma.
A total of nine projects will benefit more than 5,000 Maryland households through community solar subscriptions.
The 6 MW project outside of Washington, D.C., will include a pair of 2 MW arrays set aside to serve low and moderate-income residents.
Falling battery costs and “surging” renewables penetration make energy storage a “compelling flexible resource in many power systems.”
The utility overestimated costs for renewables in its resource plan and did not seriously consider solar-plus-storage hybrid systems, a stakeholder group said.
Researchers from Yale found that parking lots across Connecticut could host 7 GW of solar capacity and produce 9,000 GWh of electricity in their first year of operation.
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