San Francisco offers for PG&E electricity infrastructure, Urban Grid closes on $100 million: pvmb 9/9/19
Welcome back to the workweek and the pvMB. Today we’ll be taking a look at a collaboration between ArcVera Renewables, NRG Systems and Harness Energy, NextEra selling $1.5 bil in equity units, Sierra Club’s ad campaign calling out Duke Energy and more!
Duke doubles down on fossils in 2019 long-term plan updates
The power company’s 2019 IRP updates for its two North Carolina utilities include some solar and storage, but also 12 GW of new gas and plans to keep coal plants online for decades.
North Carolina regulators reject the dirty assumptions in Duke’s latest plan
The state’s public utilities commission is saying that Duke must model potential retirement of coal plants, major reductions in CO2 emissions, and integration of battery storage in its post-2020 plans.
Solar gets by with a little help from its friends
Hidden in a natural gas plant modification application, Duke Energy has released findings that constant ramping is causing solar to contributes increased emissions onto the grid. If only there was some way to cover solar’s shortfalls without fossil fuels.
Duke keeps rolling in 2019 with a strong second quarter
Duke Energy’s financial results for Q2 2019 results show strong earnings, driven partially by the exponential year-to-year growth of the commercial renewables sector, as well as a short-term forecast of PV development.
Duke buys a 200 MW merchant solar project in Texas
The 200 MW Holstein project holds a 12-year hedge agreement with a subsidiary of Goldman Sachs. As one of the first U.S. merchant projects seen by pv magazine, it points to larger moves in the solar market.
North Carolina utilities approve 551 MW of solar power at 3.8¢/kWh
Duke Energy has completed a solicitation for 551 MWac of solar power through its CPRE program, with average pricing between 3.79¢/kWh and 3.83¢/kWh and 20 year power contracts.
Duke wants to tax the sun
Duke Energy is seeking an “Integration Services Charge” on solar projects in North Carolina of 0.11¢/kWh to 0.24¢/kWh, with future pricing increases of almost 300%. The utility offers an out, if developers integrate energy storage.
Florida approves 194 MWac of solar power for $250 million
Duke Energy Florida has received regulatory approval to rate base three solar power plants located in the Tampa, Florida area. The facilities will come online at the end of 2019 and early in 2020.
Duke Energy hits 1 GW owned solar, 74.5 MW coming to Escambia: pvMB 7/3/19
Hello and welcome to your July 3rd pvMB! Today we’ll be tackling Bloom Energy going hydrogen, a jet fuel burning plant shutdown in Oakland, RPCS’ safe harbor strategy for ITC stepdown and more. Enjoy your holiday!
