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.
Canadian Solar predicts that Recurrent will complete more than 1 GW of PV projects in the United States this year.
The San Diego utility says that the battery systems will allow it to improve reliability and integrate higher levels of renewables. AES plans to finish the systems by the end of January 2017.
A bankruptcy court has approved the expedited auction of SunEdison projects with NRG as the “stalking horse” bidder, and NRG has separately announced the purchase of 26 C&I solar projects.
The Austrian inverter specialist opens sales, product management and R&D center in San Francisco to better serve U.S. markets and commitments. Partnership with Tesla expected to be strengthened.
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