Sunrise brief: Solar produced nearly 5% of U.S. electricity in 2022, generation up 25%
Also on the rise: Silicon Ranch expands First Solar module supply plan to 6.2 GW. Sono Motors scraps development of Sion solar cars. And more.
Silicon Ranch expands First Solar module supply plan to 6.2 GW
The deal expands upon the master supply agreement between the two solar businesses that includes a 4 GW transaction announced in April 2022 and, more recently, a 700 MW commitment announced in October 2022.
U.S. Solar developers take on module manufacturing risk
Multiple deals signed over the last six months have shown solar panel manufacturers using long- term solar module supply agreements with developers to drive factory finance.
Longroad Energy begins construction of its largest solar-plus-storage project
Sun Streams 3, a 285 MWdc solar plus 215 MWac / 860 MWh storage project located in Maricopa County, Arizona is expected to begin commercial operation in 2024.
Athos III solar-plus-storage project begins operation in California
Generating 224 MWac / 310 MWdc of solar energy, or enough to power approximately 94,000 homes, the project features 448 MWh of co-located storage.
BP to construct 134 MW Ohio project for Meta
Arche Solar is the first of BP’s fully-owned solar projects to begin construction, while previous projects were developed by 50:50 joint venture Lightsource BP.
Silicon Ranch brings in $600 million of new equity investments
The Southeast-focused solar developer is on track to cap a $1 billion full-year equity raise with a $225 million round over the next quarter.
Utility-scale solar developers went bigger and bolder in 2022
In 2022, as supply chain challenges persisted, utility solar projects in development grew in size and energy storage is connected to half of them.
Sunrise brief: New Mexico to require smart inverters
Also on the rise: First Solar joins Enphase and SolarEdge on the S&P 500 Index. A solar-powered camper boat. And more.
First Solar becomes third clean energy company to join S&P 500 Index
Tempe, Arizona-based First Solar is planning 10 GWdc of new solar module manufacturing capacity in Ohio and Alabama by 2025.
