Solar PPA prices in the US rise for the second consecutive quarter — after 18 months of decline
LevelTen Energy’s Q3 2020 PPA Price Index report shows that average utility-scale solar PPA prices rose again in Q3, up to $29.3/MWh. And while the ITC step-down and simple economics are to blame, LevelTen shares that the increases are no cause for alarm.
Morning Brief: Ameren Illinois chairman, ‘Our position on net metering credits has not changed’
Also in the brief: Nefarious deeds at the DOE — blocking yet another study favorable to renewables. The North American Energy Resilience Model joins the Seams study as a victims of agency bias.
New York Power Authority, environmental groups explore ways to replace gas peakers with cleaner technology
In a report this May, the PEAK Coalition said that New York City’s gas peaker plants are “perhaps the most egregious energy-related example of what environmental injustice means today.”
Array Technologies’ share price up 65% on first day as a public company
The IPO priced at $22, above the top of the anticipated range of $19 to $21 — valuing the solar firm at about $2.8 billion.
Checking in on Akon lighting Africa
Musician Akon has provided 14 African nations with solar-powered electricity via street lamps and solar panels as part of “Akon Lighting Africa,” a project aimed at providing the continent of Africa with low-cost, sustainable electricity.
Morning Brief: Home Depot and Enel signa power contract, National Grid rebrands its renewable arm
Also in the brief: CollectiveSun raises $4 million for San Diego nonprofits to go solar, EDP has closed on a power contract for 100 MW of solar generated by two projects in Ohio and more.
Fluence acquires Advanced Microgrid Solutions, in bid to help customers monetize storage, renewable assets
“Storage is the first truly digital asset that you can put on the electric network. That means the smarter we are with digital, the better job we can do powering the electric network,” Brett Galura, CTO at Fluence said, declining to disclose the acquisition’s price tag.
Pennsylvania has the opportunity to kickstart community solar — and its economy
Removing the state’s ban on community solar, an initiative which has gained immense bipartisan support, will create thousands of jobs and billions in economic development dollars.
Nobel Prize-winning auction geniuses want to apply their findings to renewables
Stanford professors Paul R. Milgrom and Robert B. Wilson were awarded the 2020 Nobel Prize in economics for developing a new auction theory and new auction formats for goods and services. Their findings were already successfully used in the electricity energy sector and may now meet the challenge on how to better shape clean energy procurements.
IPO update: Solar tracker builder Array Technologies increases number of shares in largest PV IPO of 2020
The reception in the financial community on the eve of the Array Technologies IPO must have been enthusiastic.
