Also on the rise: Engineering and construction costs across all sectors continued to rise in May with expectations of no easing through the fourth quarter, IHS Markit says.
Also on the rise: 8Minute upsizes its credit facility, an NREL-led team publishes a new guide to inverter-based power systems, and Altus Power adds to its portfolio.
With 400 MW of solar capacity, complimented by 180 MW/540 MWh of energy storage, the Rexford 1 Solar & Storage Center is a development of considerable size. The project now has an energy offtaker, with 8minute signing a 15-year contract with Clean Power Alliance.
The 200 MW Holstein solar project in Nolan County, Texas, a collaborative effort between Duke Energy Renewables and 8minute Solar Energy, has reached commercial operation, marking an increased presence for Duke in Texas — and 8minute’s first major foray into the state.
Building on what has been a successful 2020 in terms of fundraising, the company has closed on a $225 million letter of credit with partners KeyBank, HSBC, Rabobank and Nomura Holdings.
Also in the brief: California regulators will include avoided transmission costs to the valuation of distributed energy resources, the Southeastern Pennsylvania Transportation Authority has signed two power contracts, Philadelphia has reopened its Solarize Philly program and more.
Executive and boardroom moves in solar, storage, cleantech, utilities and venture capital.
Welcome to today’s edition of the pv magazine morning brief. On this fine morning, we’ll be looking at Greenbacker buying 110 MW, a solar system believed to have caused a house fire in California, a 1 MW rooftop installation in New Jersey and more.
2019 was a year of change for the solar and energy storage industry, as we shifted from deploying pure wattage to making projects a lot smarter with oversized DC-AC ratios, up to 60% capacity factors, and solar plants that shine only at night.
Welcome to a Veterans Day edition of the pvMB where we’ll be looking at Sungrow becoming the largest string and central inverter supplier in the United States, the choice of 8minute Solar Energy to construct Eland, and a big sPower project in Arizona.
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