HECO’s five-year plans accommodate more solar than ever
The aggressive goals filed last week builds on an April plan include expanded rooftop solar growth and additional utility-scale solar expansion. If HECO’s projections are accurate, it will be generating 100% its electricity from renewable sources five years earlier than originally planned.
FPL to put online Florida’s first large utility-scale solar plants
Three solar projects at 74.5 MW-AC each will replace a 250 MW coal-fired power plant which the utility plans to shut down.
SolarCity raises another $241 million
Sammons Renewable Energy led the equity portion of the $241 million cash equity transaction, which closed last week.
Duke program produces 40 MW of solar in South Carolina
More than 1,800 residential customers and 125 business customers have taken advantage of the utility’s Solar Rebate Program to reduce solar installation costs significantly.
Spruce’s solar portfolio is collateral for $105.4 million in debt financing
The deal, financed by Investec and Silicon Valley Bank, will be fund more systems around the country for the residential solar financier.
Nevada regulators reinstate net metering for Sierra Pacific
In contrast to phony allegations of a cost shift, Public Utilities Commission of Nevada found that net metered-solar is saving other customers money.
Hawaiian Electric proposes first rate increase in six years
The company says the $106 million request is necessary to upgrade O’ahu’s grid to improve reliability and customer service, as well as integrate more solar.
Military will build biggest solar installation in Northeast
When the 16.5 MW system is completed, Fort Dix will become the latest military base to show its commitment to energy security through solar energy.
Kit Carson Co-op voluntarily commits to 100% solar electricity in summer
The New Mexico power producer has always wanted to serve its customers with renewable energy, but was severely limited by a previous contract. Now, thanks to a landmark FERC ruling and a new ‘angel’ wholesale-electricity supplier, the co-op can finally reach its goals.
TerraForm Global warns of danger ahead in 2015 filing
The yieldco’s overdue filing of its 2015 financial report is a step towards compliance with NASDAQ trading rules; however TerraForm Global’s losses exceeded its revenue in 2015 and the company has warned that it may not be able to continue.
