Proxy generation power purchase agreements, which were first used with wind projects, manage weather-related risks by settling energy transfers based on a proxy generation index, rather than on actual metered generation. Operational risk shifts from buyer to seller.
Xcel Energy wants to build solar projects of at least 75 MW that interconnect to the existing infrastructure at its Sherco plant in Minnesota.
AES and Siemens will remain major shareholders and will continue to support Fluence’s long-term growth. The company currently has 2.4 GW of projects deployed or awarded across 24 countries and territories worldwide.
Across the United States, more than three dozen solar projects with nameplate capacities of at least 100 MW are set to enter service in 2021. The Texas oil patch is on track to host the largest of them.
The new U.S. storage strategy includes plans to shift new tech from the lab to the marketplace. It also focuses on ways to manufacture at scale and ensure supply chain stability.
The solar Investment Tax Credit will remain at 26% for projects that begin construction in 2021 and 2022, but will fall to 22% in 2023, and down to 10% in 2024 for commercial projects.
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