AES invests $8.6 million in startup to develop pre-fab solar arrays
AES, one of the world’s largest power companies, has made a strategic investment in Sydney-based pre-fabricated solar array manufacturer 5B to meet the growing needs of its customers for solar.
Morning Brief: Duke alleged to violate state law by building gas capacity without approval
Also in the brief: General Electric is selling its investment in 11 of its startups to 40 North Ventures, power lines are key to New Mexico becoming a renewable leader.
Morning Brief: AES invests in solar startup 5B, Switch selects Tesla batteries for datacenters
Also in the brief: Hecate Energy, the largest privately-held independent solar power developer in the U.S., sold its 514 MWac solar project, plus the chart of the day.
Despite revenue growth, Quick Mount PV to let 40 employees go and shutter California manufacturing
Despite strong revenue growth in the U.S., the racking company is abandoning its U.S. manufacturing (and rhetoric) to “create a globally diversified supply chain.” Quick Mount was acquired by Netherlands-based Esdec last year in a roll-up of U.S. racking companies.
Morning Brief: Sol Systems and Microsoft partner on 500 MW of solar, PVEL’s new inverter test lab
Also in the brief: Berkshire Hathaway Energy subsidiary NV Energy goes full-on solar-plus-storage, and single-axis tracker analysis.
Morning Brief: 294 MW Muscle Shoals solar project sold to Ørsted
Also in the brief: American solar supplier Aptos Solar added to Loanpal’s approved list, second life EV batteries for use in a microgrid, Maxeon upsizes convertible note offering
Morning Brief: Tucson Electric Power aims to add 1.4 GW of storage, Standard Solar secures $105 million
Also in the brief: Bank of America signs its first PPA, CS Energy has completed a 33 MW portfolio of solar projects in Texas, RP Construction Services and RECON partner to build tracker projects and more
PV module prices are falling faster than all predictions
New research from Wood Mackenzie shows that overall system costs for installations using mono PERC modules are set to fall by as much as 20% by 2025.
Morning Brief: Renewables continue to break records despite Covid-19, beyond net metering
Also in the brief: net metering under attack, Clir Renewables’ new asset optimization platform, Roll-A-Rack is seeking beta testers and more.
Single-axis bifacial PV offers lowest LCOE in vast majority of world’s land area
Researchers from the Solar Energy Research Institute of Singapore have concluded that utility-scale PV projects relying on bifacial panels and single-axis trackers deliver the lowest levelized cost of energy in most of the world. They found that the combination of bifacial products with dual-axis trackers is still too expensive, despite the higher yield. The second-lowest LCOE is offered by monofacial single-axis tracker plants.
