The installation, which will save Houghton College up to $4.3 million during the 25-year PPA contract period, will generate an estimated 3.15 million kilowatt hours of electricity in its first year of operation.
The project, secured under a development deal with parent group Total and South African Mulilo Solar Enterprises, is expected to be fully operational next year.
The agreement will supply NextEra’s solar investments in the United States and make the South Korean panel maker the market share leader among global manufacturers in the U.S. and Japan — two of the three world’s largest solar markets.
The German company and its British subsidiary connected eight solar farms in the United Kingdom in the first three months of the year and prior to the 1.4 ROC deadline.
The Japanese conglomerate is investing in renewable energy infrastructure to help balance the electricity grid serving the northeastern United States. Sumitomo has commissioned RES to build the first independent large-scale battery power storage system for the frequency regulation market operated by
regional grid operator PJM.
Wednesday saw German solar panels generate a record 27.7 GW of electricity. With more sunny weather predicted, that benchmark is expected to be short-lived.
Move could almost double system payback times. Utility and opponents have until the end of June to reach agreement before the PUC steps in.
A solar spending spree, president Obama takes a personal interest in Caribbean solar and good news from the Azores. Plus the ever-fearless pv mag pokes a stick at the Russian bear and Big Brother Google.
Report released by Ernst & Young says that China needs at least RMB1.58 trillion (US$255 billion) in to achieve the investment target for both solar and wind installations, within which at least RMB522 billion ($84 billion) needed for the distributed PV.
The Chinese company continues its global expansion with a market debut in the Southeast Asian country following a major new project in the Middle East.
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