Job moves at NEXTracker, Tesla, Fluence, Mosaic, Vote Solar, Voltus, Nomura Greentech
Executive and boardroom moves in solar, storage, cleantech, utilities and energy VC.
Battery startup FreeWire raises $25 million in funding
The funding was led by an existing investor of FreeWire, BP, and will allow the company to commercialize its upcoming Boost EV Charger, as well as expand operations across the United States and into Europe.
Sweden joins European trend and exits coal — two years earlier than planned
The Nordic nation is now the third European country to wave goodbye to coal for power generation. Another 11 European states have made plans to follow suit over the next decade.
Morning Brief: 8minute Solar adds 3 GW of large-scale solar projects to the pipeline, Total wins projects in France
Also in the brief: California regulators will include avoided transmission costs to the valuation of distributed energy resources, the Southeastern Pennsylvania Transportation Authority has signed two power contracts, Philadelphia has reopened its Solarize Philly program and more.
Fitch rates 550 MW First Solar-installed Topaz project notes at ‘C’ despite superb performance
The credit rating of the Topaz project has been at “C” since 2019 because of the liability of having a bankrupt offtaker — PG&E. In the meantime, the ratings document affords some insight into mega-project finance and power generation performance.
Kauai was 56% renewably powered in 2019
Building on stretches of 100% renewable generation in late 2019, the island met 56% of its electrical demand with renewables over the year, easily surpassing state and local goals.
Los Angeles to explore solar partnership with the Navajo Nation
The partnership would pursue cost-effective solar projects that benefit ratepayers and provide “environmental justice and economic equity to the Navajo Nation,” after the city received power from the coal-burning Navajo Generating Station for decades—and paid less than fair value for coal, land leasing, and water, say advocates.
Morning Brief: Illinois’ largest project has a power contract, financing secured for 134 MW in North Carolina
Also in the brief: Solis has earned SunSpec rapid shutdown certification, EDF renewables has partnered with Cubic Corporation on a solar, storage and EV charging installation, NextEra Energy has raised $4 million in COVID-19 emergency assistance and more.
First Solar signs PV-plus-storage PPAs with community choice aggregators
The First Solar-developed Rabbitbrush project will provide electricity for these two community choice aggregators for 15 years.
NEXTracker was the largest tracker provider in 2019
The ten largest solar tracker companies accounted for 88% of the market last year, according to analyst Wood Mackenzie, with the market growing 20% from 2018.
