A recent analysis from the U.S. Department of Energy shows the Midwest and Plains States in the lead, but the coasts are on a track to catch up thanks to mandates.
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 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.
Reuters reports that nearly 20% of its installation facilities will close, as part of the company’s 9% workforce reduction announced last week.
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.
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.
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.
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.
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