Around 12% of developers who were surveyed said they were delaying projects, and the firm’s price index ticked up 4.3% during the second quarter.
The legislation was sparked by a mid-February winter storm that lasted for days and crippled much of the state’s electric power grid.
Data from ERCOT shows that more than 6,147 MW of solar and 1,506 MW of battery storage are in line to enter service in 2021. Transmission constraints could dampen future growth.
Solar rooftop additions are unlikely to shave much from the record load that the grid operator expects as the economy recovers and hot and dry weather push demand growth.
Also on the rise: CPS Energy wins a round in its lawsuit against ERCOT over February’s big storm, Mitsubishi Power aims to develop a second green hydrogen project, Advanced Power taps Bechtel for a solar project, and the Indian Point nuclear plant in New York closes for good.
The bank said that the most reasonable solutions to prevent winter storm blackouts are within the bounds of being economically justified.
The PV solar resource at the 2,000-acre site ranges means the 200 MW project is expected to generate 537.30 GWh of electricity in its first year of operation.
The project is located southwest of Houston and would be brought on in blocks starting later this year.
Also on the rise: How shading California’s sprawling canal system with solar makes economic sense, Safari Energy marks a milestone, Rio Tinto tests AI-enabled CSP for process heat, and researchers claim a structural battery breakthrough for EV use. Uff-da!
The new company will develop and manage a portfolio of 500 MW of distribution-level energy storage assets across Texas.
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