The project puts utility SDG&E farther ahead of state renewable energy mandates.
Sunpower and First Solar’s joint yieldco beat guidance this quarter, while announcing a significant acquisition and $250 million in additional credit.
U.S. manufacturer and developer of energy storage systems Powin Energy has been selected to complete a 2 MW/8 MWh energy storage system that should be operational in Irvine, California, by the end of the year to help alleviate power loss concerns.
GTM Research expects 13.9 GW to be installed over the full year, the result of an ongoing utility-scale boom.
This acquisition will double the yieldco’s solar holdings, as part of a previously announced expansion of solar and wind assets.
Increased renewable energy output, including solar, cut in-state thermal generation 20% during the summer of 2016.
The utility is seeking 75 MW of solar and other renewable energy projects from 500 kW to 20 MW in capacity under a new shared renewable energy program.
The ruling clears a legal roadblock for the acquisition, which still must be approved by shareholders of both companies.
This is the latest roadblock for the troubled project on public land in the California desert.
The company will eliminate 80 employees from its San Mateo headquarters and another 28 from its offices in San Francisco.
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