San Diego Gas & Electric (SDG&E) has completed two additional utility-owned energy storage facilities totaling 171 MW, enough to power almost 130,000 homes for four hours. The 131 MW Westside Canal project, located in Imperial Valley – home to a high concentration of solar, wind and geothermal generation facilities – is the largest storage asset […]
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First Solar Inc. has entered into a five-year revolving credit and guarantee facility for $1 billion. The facility includes up to $250 million which is available for the issuance of letters of credit. J.P. Morgan Chase Bank acted as lead arranger and is administrative agent for the facility. “This agreement underscores First Solar’s bankability and […]
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As part of President Biden’s Investing in America agenda, the Department of Energy (DOE) has received $45 million, including $18 million from the Bipartisan Infrastructure Law, to support pilot manufacturing of solar components that can contribute to a domestic manufacturing sector. The funding will also support the development of new dual-use solar technologies, such as […]
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Ormat Technologies Inc., a renewable energy company, and San Diego Community Power (SDCP), California’s second largest community choice aggregator, have signed a power purchase agreement (PPA) for the Arrowleaf Solar and Storage Facility. The venture will bring clean, renewable, affordable energy to the nearly 1 million customers of SDCP. The Arrowleaf Solar and Storage Facility […]
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Capital Power has secured its first order of approximately 1 GW DC of thin-film solar modules from First Solar Inc. The Series 6 Plus modules, which will be delivered between 2026 and 2028, will support Capital Power’s growing development portfolio. “First Solar’s longstanding investment in domestic supply chains ensures the use of high-quality American solar […]
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Altus Power Inc., an independent developer, owner and operator of commercial-scale solar facilities, has concluded the development and construction of a 4.8 MW ground-mounted solar array in Cayuga County, N.Y. Altus will own and operate the asset, which will generate power in support of New York’s community solar program, serving municipal and residential customers. “Altus […]
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Duke Energy has reached an agreement to sell its commercial distributed generation business to an affiliate of ArcLight Capital Partners LLC, a middle-market infrastructure investor, for an enterprise value of $364 million, inclusive of non-controlling tax equity interests. In early June, Duke Energy reached a sale agreement for its utility-scale renewables business platform. The company […]
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The U.S. Department of Energy (DOE) has released the 2023 U.S. Energy and Employment Report (USEER), a comprehensive study designed to track and understand employment trends across the energy sector. As the private sector continues to announce major investments in American-made energy, the 2023 USEER shows that the energy workforce added almost 300,000 jobs (+3.8% […]
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The Michigan legislature passed a fiscal year 2024 budget which received bipartisan support and will go into effect immediately after approval from Gov. Gretchen Whitmer. The state budget makes key investments in infrastructure including advanced energy, which will add jobs to the state’s strong clean energy industry while improving grid resiliency, lowering energy bills and reducing […]
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The American Council on Renewable Energy (ACORE) recently quantified the potential economic benefits of the onshore renewable energy projects awaiting grid connection in PJM, the largest electricity market in the United States. Findings from the report, Power Up PJM, show that if these renewable projects could be brought online at the pace PJM was approving […]
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Southwestern Electric Power Co. (SWEPCO), an American Electric Power company, has been granted approval by the Louisiana Public Service Commission (LPSC) to move forward with its fuel-free power plan to acquire up to 999 MW of renewable generation resources. The LPSC approved the terms of a settlement agreement reached in March by all parties in […]
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Matrix Renewables, the TPG Rise-backed global renewable energy platform, has acquired the Stillhouse Solar Project, a late-stage-development 284 MW DC solar project in Bell County, Texas (ERCOT North), from OCI Solar Power, a developer of utility-scale solar projects. The transaction follows up on Matrix’s Gaskell West Project (totaling 142 MW DC solar with 80 MWh […]
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