News

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.

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Sonnen secures $70 million from Shell for US, Aus expansion

The battery integrator has already began to draw on the funds as it continues to expand its market presence in the United States and in Australia. Shell Ventures is now a major sonnen investor and and the companies have agreed to future cooperation.

Missouri bill removes regulatory oversight while mandating solar

A new bill, which has passed both houses of Missouri’s legislature, would give utilities the ability to implement rate increases while mandating power companies invest in utility-owned solar.

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CDPQ takes majority stake in Invenergy Renewables

Invenergy plans to maintain day-to-day management of its renewable energy business, with the Québecois fund manager increasing its economic stake to 52%.

Rush to gas risks hundreds of billions in stranded assets

A new report by Rocky Mountain Institute finds that gas plants proposed across the United States over the next 15 years could be replaced by clean energy portfolios at a net savings, and that these projects are at risk of becoming stranded assets.

Solar power: the Northeast vs. utility scale

The latest report by the Institute for Local Self Reliance looks at the scale of solar across the United States.

House rejects amendment to eliminate REAP

The U.S. House overwhelmingly votes to keep the popular energy program.