Portugal’s EDP has inked a deal for its largest PV project to date, a 3.8MWp solar-plus-storage duo it will develop for lead acid battery and storage system maker Exide Technologies. The agreement signed this week will see EDP deploy and run two PV installations powering Exide’s industrial units in Castanheira do Ribatejo and Azambuja, some […]
Energetic Unveils ‘Game-Changing’ Insurance Policy for Commercial Solar Market
The company aims to solve “one of the most persistent and painful problems” for C&I solar: many offtakers’ lack of a credit rating. Energetic Insurance has finalized its anticipated credit insurance policy for commercial solar projects, designed to protect developers against potential payment default from businesses signing on to commercial or industrial projects. According to […]
Goldman Sachs Buys 233 Megawatts of Commercial Solar Leases from SunPower
Deal covering 200 project sites reflects growing interest in commercial solar assets from institutional investors. SunPower is offloading 233 megawatts of commercial solar project leases to a subsidiary of Goldman Sachs Renewable Power for $86.9 million, a filing this week with the U.S. Securities and Exchange Commission shows. The portfolio encompasses about 200 projects in […]
Israel to Develop 6GW of Solar Capacity Over the Next Decade
Before the market can boom, the dry, sunny country needs to update its transmission grid and streamline the contracting process. It took years to develop, but Israel’s young solar market is poised to accelerate if some needed grid upgrades come through. After considerable pushing by a band of scrappy homegrown developers, solar power now delivers […]
Rule Change Would Imperil UK Commercial Storage Market
The Triad demand charge could give way to a fixed fee, eliminating the need for batteries onsite. The fledgling British commercial and industrial energy storage industry faces a mortal challenge from a proposed market rule change. The U.K. energy regulator, Ofgem, published a proposed rule last week that would eliminate the current demand charge mechanism […]
NRG Spins Out ‘Station A’ Software Platform for Optimizing Distributed Energy
NRG’s former “skunkworks” project says it’s building an energy database that can cut time and costs for clean energy deployments and open up new markets. Station A, the San Francisco-based R&D center once owned by NRG Energy, is now a standalone company. The Station A team developed a software platform to deploy distributed clean energy […]