Google’s reverse auctions net 1.2 GW of renewables in 60 minutes
Google pre-qualified bidders and used reverse auctions to obtain the lowest price for renewable energy. Reverse auctions for corporate purchases could potentially benefit solar developers, if their transparency and simplicity can influence more corporations to procure green power.
Beyond the PPA
Contract lengths are getting shorter and hedges are replacing PPAs in the Texas solar market. Are we headed toward a future of merchant solar?
Fitch sees a decade of corporate wind and solar power procurement growth
Growth in U.S. solar and wind generation capacity will average 7.9% and 3.9%, respectively, between 2022 and 2028 according to Fitch Solutions, who projects almost 120 GW of solar power to be deployed in that period. Corporate clean energy buyers are to be a large part of the trend, and to accelerate deployments during the period.
Ten days left to register for 500 MW of wind and solar power in Virginia
Dominion Energy is seeking 500 MWac of solar power and onshore wind, the second equally-sized installment of its rolling 3 GW clean energy procurement. The utility wants projects between 5 and 500 MWac, with an intent to bid due on August 15.
Solar power mood ring suggests steady as she goes
The LevelTen Energy Q2 PPA Price Index suggests solar contract pricing will stay flat over the next year, with a broad list of items having effects – up and down – on project pricing’s moderate increase in the first half of 2019.
Is the U.S. solar market slipping towards merchant?
As contract lengths shorten, U.S. solar developers and investors are relying more and more on sales of power in the spot market as the future.
Utility scale solar pricing down 7% on competition and construction costs
LevelTen’s marketplace shows utility-scale solar power offers falling $2/MWh across five large grid operators, with executives suggesting that competition among developers and falling construction costs drove this.
Utility scale solar pricing inches up
LevelTen Energy’s Q4 PPA price index saw a sight increase in the price of utility scale solar power purchase agreements, except for the Southwest Power Pool which saw a healthy chunk of inexpensive projects come online.
City of Buffalo seeks 32 solar power bids
As part of a broader program between five local schools, the City of Buffalo has submitted a request for proposals for 32 sites around the city, and project owners will then sell the electricity through 20 year power contracts with the city.
Milwaukee pushes back against We Energies’ monopoly
A city council committee has advanced a resolution to work with a contractor to install 210 kW of city-owned solar on libraries – only 20% of what it had earlier planned – as the utility insists that third-party power contracts are illegal.
