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.
EnergySage wisely enters community solar
The solar market’s leading online marketplace moves beyond residential solar to benefit from a market expected to encompass have of distributed PV installations by 2020
NRG closes on 1.5 GW-AC of SunEdison wind, solar assets
The acquisition includes utility-scale solar projects in Utah, Texas and Hawaii as well as 29 MW of distributed solar in four states.
Solar+storage cuts Vermont utility grid charge by $200,000
A recently completed solar+storage project at Green Mountain Power’s Stafford Hill Solar Farm project shaved enough August peak energy use that Green Mountain Power is saving $200,000 from its annual bill from the New England grid operator.
