Setting the stage for solar + storage
In this op-ed for pv magazine, Camron Barati explores the trend towards what increasing state-level renewable power and storage targets mean for the U.S. market. The company projects 73 GW of solar PV systems will be installed in the United States from 2018 to 2022.
Goldman Sachs buys 204 MW of East Coast solar from SJI
Goldman Sachs Asset Management is paying $350 million in cash for a portfolio of C&I solar at 143 sites in New England, New Jersey and Maryland.
Tesla to close at least 13 solar installation offices in nine states
Reuters reports that nearly 20% of its installation facilities will close, as part of the company’s 9% workforce reduction announced last week.
Large-scale solar stays strong in Q1 2018 (w/chart)
Thanks in no small part to modules stockpiled before the Section 201 tariffs hit, both the utility-scale and “non-residential” market segments grew year-over-year in Q1. And while the duties are expected to play a greater role in 2019, there are other factors supporting ongoing market growth.
PJM capacity auction results show solar boom
The results of a 2021/2022 auction saw an additional 964 MW of utility-scale solar projects bidding in to supply capacity, suggesting a boom in solar.
New Jersey joins the 50% by 2030 renewable energy club
Governor Phil Murphy has signed landmark legislation that will enable the state to tie with California and New York for the nation’s third-most ambitious renewable energy mandate, as well as replacing the SREC system, boosting community solar, and more.
Onyx Renewables gets funding for 80 MW of C&I + small utility solar power
CIT Group and RBC Capital worked together to fund the portfolio of projects spread across six states, with half the capacity in California and Arizona and the other half in the northeast.
New Jersey passes wide-ranging energy legislation on solar, batteries and nuclear power
The two bills will increase the state’s RPS to 50% by 2030, require 5% of electricity to come from behind-the-meter solar by 2021, set a 2 GW energy storage goal and bail out nuclear plants.
New Jersey solar carve-out bills re-emerge without nuclear subsidies
Bills to reform the state’s renewable energy mandate, increase its solar target and enable a community solar program have been re-introduced in the New Jersey House and Senate.
The U.S. residential solar market fell 16% in 2017
GTM Research and SEIA’s final report on the solar market in 2017 shows both the struggle of the residential solar market, as well as a larger than anticipated fall in utility-scale volumes, leading to a 30% contraction overall.
