The modules will support the construction of about 400 new community solar projects.
Solar represents 17.25% of the island state’s power mix. At the end of 2022, Hawaiian Electric had achieved 32% of its renewable procurement standard goal of becoming fully renewable powered by 2045.
Also on the rise: New standard for ultra-low carbon solar modules released. Terrain-following tracker with a pneumatic twist. And more.
Led by U.S. Bancorp and Mitsubishi, the tax equity and debt commitments are expected to enable the company to support the construction of 49 solar and energy storage projects.
A multi-hospital network in Carbondale, Ill., signed up for long-term community solar agreements with three Nexamp projects in Illinois providing about 6.5 MW apiece.
The U.S. Inflation Reduction Act (IRA) is set to ignite the energy storage market in 2024, as analysts expect up to 65 GW/260 GWh of projects through 2026. The outlook is for battery project sizes to increase as the pipeline takes shape.
The first seven DG solar and storage projects available to low-and-moderate income Hawaiians have 23 MW of aggregate capacity and are being developed by Nexamp and Melink Solar.
The French Road solar project features more than 7,000 solar panels and will supply enough power for about 400 homes.
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
The company co-located energy storage in a grid-congested area of central Massachusetts.
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