PJM capacity auction results show solar boom
The results of a 2021/2022 auction saw an additional 964 MW of utility-scale solar projects bidding in to supply capacity, suggesting a boom in solar.
Oregon utility seeks hundreds of megawatts of renewable energy
PGE is seeking the equivalent of 500-620 MW of utility-scale solar, with a minimum project capacity of 10 MW.
Panasonic and Pika up the pace
Pika Energy has increased its home battery capacity to 17.1 kWh – about half an average home’s daily usage. The units are powered by Panasonic lithium-ion cells.
New Jersey joins the 50% by 2030 renewable energy club
Governor Phil Murphy has signed landmark legislation that will enable the state to tie with California and New York for the nation’s third-most ambitious renewable energy mandate, as well as replacing the SREC system, boosting community solar, and more.
Barriers to non-utility ownership of DER stripped from California bill
SB 1088, which would have effectively barred customer or third-party owned solar or batteries from providing reliability services for the distribution system has been altered before leaving the Senate Appropriations Committee.
Southern Company sells off 1/3 stake in solar portfolio to Global Atlantic
The retirement and insurance provider will pay $1.2 billion for a share of the power giant’s 1.7 GW solar portfolio. Southern will still operate the projects.
The path to 1.5¢/kWh solar power, and lower
GTM Research projects 24¢/w solar panels and utility scale fixed-tilt systems at $0.70/W by 2022, which opens up new possibilities for ultra-cheap power from solar.
Sonnen secures $70 million from Shell for US, Aus expansion
The battery integrator has already began to draw on the funds as it continues to expand its market presence in the United States and in Australia. Shell Ventures is now a major sonnen investor and and the companies have agreed to future cooperation.
Missouri bill removes regulatory oversight while mandating solar
A new bill, which has passed both houses of Missouri’s legislature, would give utilities the ability to implement rate increases while mandating power companies invest in utility-owned solar.
CDPQ takes majority stake in Invenergy Renewables
Invenergy plans to maintain day-to-day management of its renewable energy business, with the Québecois fund manager increasing its economic stake to 52%.
