Sunpower secures a $300 million bridge to pay off loan certificates
The financially troubled PV maker has secured a last-minute line of credit to repay Total and other lenders, as it burns through cash.
Vivint Solar securitization gets A- bond rating
Kroll has assigned a portfolio of 37,792 leases, worth $494 million in various revenue streams, a preliminary rating pending a sale to the marketplace.
US solar power generation up 33% year-over-year in Q1
The 33% increase in Q1 2018 generation is more than the 25% year-over-year increase in capacity, suggesting that solar projects are generating more electricity per watt of installed capacity.
PJM capacity auction results show solar boom
The results of a 2021/2022 auction saw an additional 964 MW of utility-scale solar projects bidding in to supply capacity, suggesting a boom in solar.
Oregon utility seeks hundreds of megawatts of renewable energy
PGE is seeking the equivalent of 500-620 MW of utility-scale solar, with a minimum project capacity of 10 MW.
Panasonic and Pika up the pace
Pika Energy has increased its home battery capacity to 17.1 kWh – about half an average home’s daily usage. The units are powered by Panasonic lithium-ion cells.
New Jersey joins the 50% by 2030 renewable energy club
Governor Phil Murphy has signed landmark legislation that will enable the state to tie with California and New York for the nation’s third-most ambitious renewable energy mandate, as well as replacing the SREC system, boosting community solar, and more.
Barriers to non-utility ownership of DER stripped from California bill
SB 1088, which would have effectively barred customer or third-party owned solar or batteries from providing reliability services for the distribution system has been altered before leaving the Senate Appropriations Committee.
Southern Company sells off 1/3 stake in solar portfolio to Global Atlantic
The retirement and insurance provider will pay $1.2 billion for a share of the power giant’s 1.7 GW solar portfolio. Southern will still operate the projects.
The path to 1.5¢/kWh solar power, and lower
GTM Research projects 24¢/w solar panels and utility scale fixed-tilt systems at $0.70/W by 2022, which opens up new possibilities for ultra-cheap power from solar.
