Also on the rise: Black & Veatch unit sets financing for 137 MW Texas project, Rockefeller Foundation partners to fund distributed renewable projects in Africa, and DroneBase closes a funding round as it expands its solar presence.
Renewable project finance has to become more dynamic and greater risks will have to be taken in order to meet clean economy mandates, a panel of experts said during an ACORE event.
As part of ACORE’s Finance Forums, experts on federal energy policy outlined what policies are needed to help drive the Biden Administration’s clean energy and climate change policies.
The funds support DOE national lab efforts and create partnerships in batteries, electric vehicles, connected vehicles, and will span five years.
Also on the rise: Stem and CleanCapital extend their business ties and eye C&I energy storage, Heliogen raises $108 million from industrial heavyweights for its CSP refinery, and Ameresco will deploy a solar array at Cannon AFB.
A Q1 market report said the biggest impact has been on utility-scale projects, with some developers trying to rework PPAs. It warned that “compounding cost increases across all materials are just beginning to affect installers.”
The utility industry is unprepared for the clean energy and technology future that it will soon be facing. EY has surveyed 159 power and utilities executives to identify and tackle what they see as their biggest challenges.
The group says it downloaded 4 terabytes of “sensitive” project information including contracts and NDAs.
The project offers a design and validation framework for renewable energy-based microgrid configurations that deliver electric vehicle fast charging, energy security, and value-added grid services.
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