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.
Community choice aggregator CleanPowerSF has signed a 22-year PPA with sPower for a 100 MW project in Lancaster, California. The project is expected to be online in 2019.
The Florida Municipal Power Agency has agreed to buy the output from 223.5 MW of projects located in Central Florida, which are scheduled to be online in 2020.
Facebook’s new datacenter in Georgia will be 100% renewable and powered by hundreds of megawatts of solar power, while Fifth Third Bank has also gone 100% renewable with an 80 MW North Carolina solar farm.
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