Qualified customers are offered a solar installation for free. The pilot also offers cost assistance for moderate-income households.
The close includes $58.5 million in Green Loan construction financing and an additional $62.5 million tax equity commitments, with $50 million set to come once the project is operational later this summer.
Jupiter Power’s 200 MW, one-hour storage facility will support the buildout of renewables and grid reliability on the Texas ERCOT grid.
FERC’s proposal could open up the interconnection backlog and pave the way for solar and storage projects to be completed more quickly, resulting in much more solar and storage being deployed, and moving us closer to meeting our climate and energy goals.
ERCOT’s approach enables interconnection in 2 to 3 years, whereas recent regional transmission planning by MISO and PJM found cost-saving ways to interconnect 53 GW and 75 GW of renewables respectively, said a Brattle transmission expert.
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The portfolio marks DSD’s first venture in Minnesota, a land where community solar adoption has been widespread and effective.
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