Greenbacker renewable energy posts $242 million net loss in 2024
The company is evaluating strategic alternatives as inflationary pressures, supply chain imbalances and increasing insurance costs have lowered net asset values, said the renewable energy infrastructure investor in its 2024 financial report.
Solar developer Emeren evaluates buyout, CEO steps down
Emeren Group specializes in community and utility-scale solar and energy storage project development, construction and financing.
Solar developer secures $145 million solar-plus-storage project in New Mexico
National Renewable Solutions secured the funding from Deutsche Bank for Shallow Basket, a 140 MW solar and 50 MW storage project that will benefit Jicarilla Apache Nation.
Megawatt-scale, bifacial solar project enters service in Yukon, Canada
The Solvest-developed 1.76 MW project will sell power as an IPP for the next 25 years.
Solar Frontier Americas moves into the IPP space with Mustang Two acquisition
The U.S. subsidiary of the Japanese thin film PV maker has swooped up the 210 MWdc project in California, as its first move towards owning and operating solar power plants.
How do independent power producers remain profitable with dwindling PPA rates?
In this guest post for pv magazine, Arbox Renewable Energy President Farid Najafi looks at how software can help boost margins for IPPs under an environment of intensely low PPA prices.
NextEra dives deeper into wind and solar
Despite the looming Section 201 case, the company’s development and IPP arm added another 438 MW of solar projects during the quarter, while construction is underway on 594 MW of solar for utility FPL.
Shell Oil commits (maybe) to renewable energy
In buying leading independent power producer MP2 Energy, Shell Energy North America may finally have settled on their official renewable energy position, but stay tuned – it has changed its mind back and forth a lot in the past two years.
Cheap gas and renewables are making merchant power untenable (w/ charts)
A new report by Power Research Group and Wilkinson Barker Knauer finds that cheap natural gas, wind and solar make it impossible for merchant plants to recover invested capital, and threaten the basic operation of wholesale power markets.
Gaz Métro acquires Standard Solar to enter U.S. commercial market
The acquisition allows the Maryland commercial firm to expand its service offerings and explore the possibilities of becoming an independent power producer.
