SunPower, First Solar close on sale of yieldco 8point3
The sale brings in $240 million for First Solar and $360 million for SunPower, as both companies re-focus on manufacturing. Capital Dynamics now owns the yieldco.
U.S. renewable energy finance weathers the storm
Day one of ACORE’s REFF Wall Street conference shows U.S. renewable energy finance in a healthy state, despite policy headwinds from the Trump Administration. But in the longer term, things get hot and crowded.
Why a utility front organization is wrong about solar incentives
Consumers Energy Alliance recently published a document alleging that 75% of the costs of residential owned solar power systems came back to the owners via incentives, tax credit and net metering included.
$1 trillion by 2030 – ACORE lays out a US pathway
American Council on Renewable Energy launched a new campaign that aims to reach $1 trillion in U.S. private sector investment in renewable energy and enabling grid technologies by 2030.
Falling battery costs to push solar, wind to 50% electricity by 2050
BNEF predicts that solar PV capacity will grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation. Investments will reach $11.5 trillion. Cost reductions will drive this charge, particularly in the battery market. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels.
Schism in the South: The debate over renewables splits the GOP.
The results of South Carolina’s primary elections have shown an unprecedented support for pro-solar candidates in the traditionally hesitant South.
New York expands Megawatt Block solar incentives
The state will allow projects up to 7.5 MW to participate in the C&I portion of the program, as well as including “adders” for brownfield, landfill, low-income and parking canopy installations.
Innogy to develop 440 MW solar pipeline in the US southeast
Innogy’s US subsidiary will gain exclusive rights for the acquisition of 13 solar PV projects currently owned by North Carolina’s Birdseye Renewable Energy. The projects have a cumulative capacity of 440MW and are at various stages of development.
Texas to get its largest battery, coupled with its largest solar power plant
Vistra Energy plans to add a 10 MW / 42 MWh lithium-ion battery to the 180 MW-AC Upton County Solar 2 solar power plant. The energy storage project is scheduled to come online in Q4 2018.
Court strikes down Canadian solar makers’ attempt to stay solar tariffs
Three manufacturers with Canadian module assembly have had no luck in trying to get a preliminary injunction against the Section 201 tariffs.
