The race to the bottom for interest rates has been a trend in recent years, and Sunlight is the latest to join the party.
Research suggests we can power 80% of the U.S. with wind, solar, and 12 hours of energy storage, but being able to replace a nuclear power plant hasn’t been financially viable. Is that about to change?
The joint venture aims to develop floatovoltaic projects, first in Massachusetts and then across New England. Other projects are already proving the concept.
The backing will allow the bank to reinvest capital into new projects at a faster rate by making the additional financing available to more projects.
Under one scenario, Worley and Princeton estimated that the U.S. would need to build 800 MW of solar every week for the next 30 years to achieve carbon neutrality.
The program includes low-to-moderate-income subscribers, affordable housing providers, and organizations working with disadvantaged communities.
Also on the rise: A report names groups that are anti-solar and reveals their strategies, Illinois limits HOA power over rooftop solar, and SunPower added 13,000 customers in Q2 as it looks for big growth to close the second half.
Nexamp is developing the nearly two dozen solar projects across the Empire State. Energy will power Walmart retail outlets and a distribution center.
In its second quarter earnings statement, the company said it expects volume and margin improvements in its residential business to continue, with Q3 volume expected to top 40% compared with 2020.
The Paris Solar Energy Center was approved by regulators, but the developer is now asking to increase the storage total to 110 MW.
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