The power company has mostly build wind to date, but has announced 300 MW of solar projects.
The investment group will use the bonds to refinance the land leases it holds under 57 solar projects totaling 1.2 GW in capacity.
Senate Bill 338, which mandates that utilities come up with non-gas generation options to meet peak demand, was signed into law by Governor Jerry Brown.
The 1 MW project is being followed by a 20 MW pipeline of C&I rooftop projects, all of which will utilize dual-axis tracking.
The company, which funds commercial PACE projects in California and Florida, had funded 56 property-improvement projects to reach the goal by the end of last month.
Data from California’s grid operator shows an ongoing decline in gas generation and imports as solar and other forms of renewable energy boom.
The California Public Utilities Commission rejected a refurbishment of the Southern California Edison’s Ellwood Peaker Plant, paving the way for a solar+storage solution instead.
Two bills passed through the California legislature will improve consumer protections and provide a regulatory framework designed to expand the state’s Property Assessed Clean Energy programs.
The microinverter maker has regained compliance with NASDAQ listing rules, but is still on uncertain ground financially.
Among the many findings in a recent report by Lawrence Berkeley National Labs is that 79% of new U.S. utility-scale solar capacity in 2016 involved tracking systems.
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