OCI to sell Alamo 6 solar project for $385 million
The Texan/Korean developer has not said who it will sell the 110 MW-AC plant to.
Trump DOE transition team issues vague threat to energy subsidies
A leaked memo on the Trump Administration’s Energy Plan focuses more on expanding fossil fuel infrastructure and stopping federal regulation of carbon, but also says that all energy subsidies should eventually be eliminated.
NRDC report says U.S. clean-energy transition unstoppable
Renewable-energy sources now cost less than fossil-fuel ones in many places, and consumers are voting with their wallets
Illinois energy bill passes without demand charges or repeal of net metering
SB 2814 includes reforms to the state’s renewable energy mandate, which will now support an estimated 2.0 GW of solar by 2025, as well as a bailout for aging nuclear plants.
Sale of Verengo assets clears another hurdle
Since the company received only one bid for its more than 20,000 installed systems, the sale of them to Crius Energy is set to move forward
Renewables rise to 15% of U.S. electricity generation in Q1-Q3 2016
While solar’s share of net U.S. generation was only 1.4%, this is a 40% increase from a year ago.
TerraForm Power, Global forecast continued losses in 2016
While TerraForm Power and TerraForm Global are making progress in their separation from SunEdison, the two yieldcos continue to be plagued by losses and report that available cash for payouts to investors will be substantially reduced from previous estimates.
Mercom Capital forecasts 13 GW of U.S. solar installations for 2016
Solar industry analyst Mercom Capital has reported encouraging annual solar installation forecasts of 76 GW across the globe for 2016, driven by record-breaking installation figures from China, while the anticipated slow-down in 2017 is now expected to be less dramatic than originally thought, with forecasts of 70 GW.
World’s cheapest solar power contract signed for Dubai mega-project
DEWA has signed a $29.90/MWh PPA with Masdar for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum solar park.
BNEF: Betting on residual value is putting solar projects at risk
A research note from Bloomberg New Energy Finance warns of the danger to the latest wave of utility-scale projects with short power contracts at low prices.
