A Minnesota citizen’s group has completed a resource plan, which proposes a solar-intensive approach that is projected to yield billions in savings for Xcel Energy customers.
Tax equity financing for the 24.6 MW of capacity was secured in a partnership with Crestmark, a division of MetaBank N.A.
The utility plans to retire or convert its remaining coal-fired units and procure more wind and solar power.
The utility is accepting proposals to build solar projects of at least 75 MW that interconnect to the existing infrastructure at its Sherco plant.
With enough property owners signing on to the program, developers should be able to install PV panels at group prices. At least some of the solar-equipped housing units must be rented to low-income people.
The holy grail of energy storage has always been low-cost and long-duration. Form Energy intends on deploying a 1 MW/150 MWh system with a Minnesota utility before 2023, an unprecedented energy storage duration if successful.
Also in the brief: A New Mexico regulator has recommended denial of El Paso Electric’s planned expansion of the Newman Generating Station, Gemserv has launched a digital platform aimed at helping businesses transition to electric vehicles and more.
The holy grail of energy storage has always been low-cost and long-duration. Form Energy intends on deploying a 1 MW/150 MWh system with a Minnesota utility before 2023, an unprecedented energy storage duration if successful.
Also in the brief: The Solar Foundation and the Interstate Renewable Energy Council are merging, Trump administration removes scientist in charge of assessing climate change, Cypress Creek closed a seven-year, $200 million debt financing, and solar-powered butter.
Also in the brief: A rural Virginia county grapples with the pros and cons of a proposed $200 million, 149 MW solar farm, Utah’s solar advocates plan to fight decision by state regulators.
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