The Midwest Renewable Energy Association alleges that uncertainty about leases and power purchase agreements hurts the state’s solar industry.
For corporates with a global footprint, there is now a single place to view and compare the risk and value of each PPA available in North America and Europe.
Flexible solar plant operation can save a utility money. First Solar says it’s time for solar power purchase agreements to catch up to that fact.
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.
Contract lengths are getting shorter and hedges are replacing PPAs in the Texas solar market. Are we headed toward a future of merchant solar?
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.
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