Despite the significant amount of solar near the path of the solar eclipse, grid experts do not expect the 90-minute event to create reliability issues.
The bill will move most of the state’s market for large-scale solar to a competitive procurement model, and allow for leasing of distributed PV systems, while restricting the availability of fixed-price contracts. It will also institute an 18-month wind moratorium.
“This agreement accelerates our mission to put as much solar in the ground as soon as possible”
North Carolina’s largest installer of utility- and commercial-scale solar systems spent two years developing and refining a total quality management program to showcase their commitment to getting projects done right the first time.
Two industry powerhouses join forces to combine their experience to maximize up-time for Cypress’ ever-expanding portfolio.
House Bill 589, which overhauls the regulations surrounding utility procurement from independent power producers, passed in the wee hours this morning and heads to Gov. Roy Cooper for his signature.
The power giant’s plans to buy the project from Cypress Creek add to its utility arm’s ambition to sign contracts with 950 MW of solar projects in the state by 2021.
The projects are expected to begin construction in May 2017, as Duke chafes under the growing PURPA pipeline in the state.
SEPA’s annual utility list shows utilities in North Carolina, Iowa and Utah among the top 3 in its lists for solar installed on an absolute and per-customer basis. The organization also published new lists of the top utilities for storage deployment.
With the help of CIT Group, the China-based company hopes to kickstart its U.S. solar portfolio with this first infusion of cash.
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