$1.2 billion clean energy fund closes, targets utility scale in the USA
Capital Dynamics announced the final close on its most recent clean energy fund, totaling $1.2 billion in commitments. The company is now managing 2.3 GW of solar installations.
Report shows Tesla’s battery gigafactory booming
The report found over 3,200 employees working at the factory at the end of 2017, and $3.7 billion in invested in the plant.
Battery materials market to grow 9% through 2022
A report by Technavio suggests the global market for battery materials could grow 9% annually for the next four years. Analysts point to the increasing installation of storage systems with PV as a key driver. pv magazine has covered previous reports predicting significant growth in PV and storage systems.
EPA’s Clean Power Plan replacement unlikely to have much impact on clean energy
The agency’s “Affordable Clean Energy” plan calls for changes to existing coal plants instead of a switch to gas and renewable energy. The impact on larger power markets is not likely to be significant, but one of the few things that can be said is that it will introduce more uncertainty.
Michigan municipality going 100% renewable
The Traverse City Light and Power Company has approved a plan to move to 100% renewable energy by 2040. The interim plan inlcudes a goal of 15% renewable by 2021, and 40% by 2025.
GTM Research rebrands as Wood Mackenzie Power and Renewables
As a result of the acquisition by the consultancy, GTM Research’s clean energy analysis is broadening along the energy value chain, and is integrating into Wood Mackenzie’s team of more than 70 energy analysts.
New Orleans may actually get 90 MW of big solar
Entergy New Orleans has filed an application to build and procure 90 MW of solar, which would double Louisiana’s current installed capacity. But we aren’t holding our breath.
Vulnerable at-home patients to get Tesla Powerwalls
The Vermont Lower Income Trust for Electricity have provided a $150,000 grant for 100 low-income electricity customers with significant need for reliable backup power due to health and mobility issues.
Maine net metering case sent to lower court
The legal challenge brought by Conservation Law Foundation to Maine’s dismantling of net metering has hit another delay.
Arcadia Power raises $25 million to extend community solar and energy platform
The company looks to add engineers and data scientists to expand its renter-focused platform offering electricity discounts via access to community wind and solar power installations.
