5 predictions for the corporate renewable energy market in 2021
Since it’s a slow news day — we’re publishing the first of our 2021 predictions with Rob Collier of PPA marketplace, LevelTen Energy, prognosticating on renewable energy procurement.
Google expands climate vision, vows to create easier renewable power purchase pathways
The tech giant has announced that not only has it eliminated its entire carbon legacy, but that it is moving towards running entirely on renewable generation, 24/7. More importantly, Google is looking to create pathways for renewable purchasers of any size to follow in its wake.
8minute Solar Energy inks contract for one of the nation’s largest solar + storage projects
With 400 MW of solar capacity, complimented by 180 MW/540 MWh of energy storage, the Rexford 1 Solar & Storage Center is a development of considerable size. The project now has an energy offtaker, with 8minute signing a 15-year contract with Clean Power Alliance.
LevelTen Energy flips the switch on global PPA marketplace
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.
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.
Sunnova is moving in on third-party solar
The residential solar financier’s second quarter as a public company saw improved financial metrics, growth, and greater market share.
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?
Google buys power from another 1.6 GW of renewables
The new deals worth $2 billion in new investments were made by the Internet giant in in the U.S., Chile and Europe.
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.
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.
