The investment from FTV Capital is the latest in a string of fundraising successes for the solar and energy storage lending platform.
Following the April decision that opened the door to Sunrun’s leases, the residential solar leader began offering its solar leases and energy storage product in the state today.
A flood of cheap solar panels is likely to partially offset the effect of the Section 201 duties. It may also mean the revival of projects with marginal economics and could lead to module supply contracts being renegotiated.
Xcel Energy’s 120-day report to Colorado regulators includes an additional 1.1 GW of wind at 1.1-1.8¢/kWh. Solar power bids have come in at 2.2-2.7¢/kWh, and solar+storage at 3.0-3.2¢/kWh.
While Tesla/SolarCity, Vivint and Sunrun still made up the top three in 2017, the “long tail” of installers is gaining market share.
San Diego Gas & Electric has received approval by the CPUC for five energy storage projects totaling 83.5 MW of instantaneous power output, with a four hour rating.
The 36 megawatt-hours of residential energy storage installed in the United States during Q1 is the latest in a year of accelerating growth rates, driven by policies in California and Hawaii.
The organization is expecting carnage throughout the solar value chain as the result of reduced policy support for deployment in China.
A two-year pilot program will be rolled out to roughly 10,000 Xcel Energy residential customers in early 2020.
The massive deal follows on Jinko’s 2.75 GW supply deal with NextEra, as it deepens its presence in the U.S. market.
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