Not everyone sees ERCOT’s battery glut as a crisis. Some, including a storage-only independent power producer, see it as storage is finally doing what it promised.
Meeting the proposed operational deadline coupled with permitting delays and supply chain challenges means developers would have to rush to start and finish projects in 3.5 years. Cleanview quantifies the enormous amount of clean energy capacity at risk.
Legislation that would “kill renewable energy in Texas” failed to progress in the state’s House of Representatives.
Developers are adjusting strategies as energy arbitrage replaces ancillary services as the main revenue source in the Electric Reliability Council of Texas (ERCOT).
Many grid operators are overwhelmed by projects, according to a report by Enverus.
Solar power purchase agreements averaged $57.04 per MWh, increasing 1% quarter-over-quarter in North America.
A 5 MW community solar installation brings an average $14 million of economic activity into the local community and supports 100 jobs, according to a report by the Coalition for Community Solar Access.
The legislation aims to limit the growth of energy storage in a state where a booming renewable market is lowering the need for natural-gas peaker plants.
The portfolio includes three solar projects and an energy storage project across the ERCOT and Miso regions.
The Hornet Solar project is projected to monetize more than $500 million in Inflation Reduction Act production tax credits across the next decade.
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