Also on the rise: Renewables forecast to provide 50% of power capacity in the U.S. by 2050. A close analysis of the new distributed solar policy in New York reveals just what it will cost residents. Appalachian Power reveals short-term energy plan in keeping with Virginia Clean Economy Act. New Mexico community solar act to be finalized in April.
The utility has released its short-term energy plan, as required by the Virginia Clean Economy Act.
Also on the rise: PosiGen, a provider of solar PV and energy efficiency solutions to low-to-moderate income households announced the close of a $100 million preferred equity financing. iSun receives its largest order yet for solar canopies for EV charging stations. Recurrent Energy completes sale of Firefly Energy solar project in Virginia. Solar Energy World, energyOrbit, and Fusion Fuel Green announce new hires.
Recurrent Energy completed the sale of the 150 MWac to Appalachian Power, the utility’s largest solar energy acquisition to date.
Chester Solar will be built near Richmond by co-developers D.E. Shaw and Torch Clean Energy.
In a related move, the utility bought a 20 MW/80 MWh energy storage facility that is expected to enter service in 2022.
The utility has proposed 15 new Dominion-owned and 32 new PPA projects, in pursuit of achieving 100% renewable energy by 2045.
The Nature Conservancy and Dominion Energy Virginia are teaming up to turn roughly 1,200 acres into a solar installation, the second such effort announced by environmental group.
The first 259 MW of the embattled project are on-line, with the rest of the capacity expected to follow in the fall.
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