Spruce raises $445 million investment for 2017 projects
Spruce Finance, which provides consumer financing for residential solar and energy efficiency projects, has raised a total of $445 million in tax equity and project debt transactions to support its activities in 2017.
Berkeley Lab finds negligible potential rate impacts from distributed solar
The latest report from the respected national lab finds that even if – big if – behind-the-meter solar is raising the rates of other utility customers, the impacts are tiny, especially compared to other activities.
Perry’s testimony undercut by reported budget outline
Energy Secretary Nominee Rick Perry tried to soften his Climate Change and renewable energy stances during his confirmation hearing. However, a leaked budget outline from the Trump transition team belied that conciliatory tone.
New Jersey reaches 2 GW of installed solar
With a strong market in 2016, New Jersey retains the fourth-largest installed capacity and the 2nd largest capacity of distributed generation in the United States.
PVMA: 75 GW of solar PV installed globally in 2016
The PV Market Alliance has released its official solar installation figures for 2016, which show a 50% growth from 2015 with a total of 75 GW installed. This was mainly driven by a mammoth year of installations in China, although the future would seem less auspicious as the two biggest markets show signs of retraction.
Silicon Ranch raises $55 million in equity financing
The latest round of financing brings the total raised in 2016 to $165 million, which allows the company to pursue an aggressive growth strategy moving forward.
Duke Energy connected 500 MW of solar in 2016
Just because the calendar turned to 2017, however, doesn’t mean the utility is planning to slow down its solar acquisition. It’s seeking to add at least 460 MW this year as well.
Renewable energy advocates slam utilities for slow progress under REV
Comments filed by AEEI and SolarCity on the Supplemental Distribution System Implementation Plan (DSIP) say utilities should do more to get ready for and assist with the integration of distributed renewables and storage, and AEEI says utilities should go back to the drawing board.
$1 B-plus San Vicente pumped hydro plan flows forward
San Diego County Water Authority (SDCWA) has requested letters of interest due in February for the design and business model for the proposed 500 MW San Vicente Energy Storage Facility, which could include PV energy to pump water to the dam.
Enel acquires U.S. storage company Demand Energy
Through its subsidiary Enel Green Power North America, Italian multinational Enel Group has announced the acquisition of a 100% stake in Demand Energy, a U.S. company specializing in intelligent software and storage systems.
