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.
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.
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.
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.
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.
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.
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.
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.
A state senator has filed legislation to alter the definition of “public utility” to exclude those installing renewable energy devices of up to 2.5 MW on their own property and selling it to others, on their own property.
A deal with EDF Renewables is one of the largest power contracts ever penned involving community choice aggregators, with special focus on the potential of the project’s battery storage component to help those CCAs deliver energy more efficiently.
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