First Solar sells 10 GW solar pipeline for $261 million
The deal includes the Rabbitbrush, Madison, Oak Trail, Horizon, and Ridgely projects, which are expected to start construction in the United States in the next two years, and the 30 MW Barilla Solar project, which is operational.
Biden recommits US to Paris climate accord, blocks Keystone pipeline
One environmental group said the new president’s actions make “the United States once more part of the global climate solution – not the problem.”
Innovative PPA debuts in US solar sector
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.
US energy storage strategy includes tech cost estimates
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.
US to extend Investment Tax Credit for solar to 2024
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.
New York to host 100 MW/400 MWh battery
Under a seven-year contract with Con Edison, the utility will bid power from the battery system into New York State’s wholesale energy market.
The US deployed 3.8 GW of solar in Q3
According to the Solar Energy Industries Association (SEIA) and Wood Mackenzie, solar accounts for 43% of all new electric generating capacity additions through Q3 2020, more than any other electricity source.
World’s largest residential virtual power plant
Like Airbnb, but monetizing spare energy: “The first big step toward opening the door to a massively transactive grid.”
Massive corporate solar deal for the world’s largest telecommunications company
US giant AT&T has signed an agreement with Invenergy to purchase 500 MW from the upcoming 1.3 GW Samson Solar Energy Center in Texas. The deal will make AT&T one of the largest purchasers of corporate solar in the world.
Five pro-renewable energy actions to expect from President-Elect Joe Biden
As the U.S. economy continues to recover from its Covid-19-induced recession, it’s likely that Congress and the president will put together a multi-trillion dollar relief package, similar to the one that lifted the economy out of its doldrums following the 2008 economic crisis.
