The $1.25 billion deal with John Hancock will help fund Duke’s future capital growth and support its renewable energy business. Duke Energy Renewables, the competitive renewables arm of U.S. utility giant Duke Energy, has agreed to sell insurer John Hancock a minority share of its wind and solar portfolio, amounting to 1.2 gigawatts of generation […]
Facebook and Dominion Energy Ink Deal for 350MW of Solar
The historically coal-heavy utility has faced pressure from tech companies to offer more renewable energy in the mid-Atlantic region’s “Data Center Alley.” Facebook and Dominion Energy this week announced a partnership on six solar projects in North Carolina and Virginia adding up to 350 megawatts. The Virginia-based utility developed one of the projects, totaling 20 […]
Solar Developer 7X Energy Secures Final Corporate PPA for 690MW Texas Project
Having found early success in the “very competitive” Texas solar market, 7X Energy is quietly pushing into new geographies, CEO says. Solar developer 7X Energy secured a second and final corporate power-purchase agreement for its 690-megawatt Taygete project in West Texas, unlocking what will be the state’s largest solar project as the ambitious developer readies […]
How Invenergy Quietly Became One of the Biggest Players in Grid Storage
After years flying under the radar, the renewables developer bagged one of the largest utility storage contracts ever. It may just be getting started. It’s not that Invenergy was ever shy about its storage ambitions. The Chicago-based developer, which has built 22,600 megawatts of wind, solar and natural-gas generation, entered the storage market in a […]
Sluggish Uptake From Renewables Sector as Clock Ticks on US ‘Opportunity Zones’
Only 11 funds focused on renewable energy have been established to take advantage of “money fire hose” from the Opportunity Zones incentive program. The clock is ticking for renewables developers to grab a bonus handed out in the Trump administration’s 2017 tax reform, celebrated by the Treasury this week. The Tax Cuts and Jobs Act […]
Idaho Power Signs Super-Low Solar PPA to Buoy 100% Clean Energy Plans
Unlike most of the cheapest solar power-purchase agreements seen in the U.S., utility Idaho Power’s project comes in a fledgling state market. Idaho Power announced plans to transition its generation to 100% clean energy by 2045, accompanied by a 120-megawatt solar power-purchase agreement that rivals some of the lowest prices seen in the U.S. market […]
US and Latin America Take Top Spot Again in the Growing Solar Tracker Market
The global solar PV tracker market grew by 20 percent last year, and the U.S. and Latin America remained the largest markets for tracker technology. The global solar PV tracker market grew by 20 percent last year, and the U.S. and Latin America remained the largest markets for tracker technology. Wood Mackenzie Power & Renewables […]
IRENA: 140 Gigawatts of Solar and Wind Capacity Installed Globally in 2018
Two-thirds of the world’s new generation capacity came from renewables last year, with solar leading the charge. More than 140 gigawatts of solar and wind generation capacity were added globally last year as solar PV consolidated its role as the growth engine of the renewables market, new figures from the International Renewable Energy Agency show. […]
Is the Utility-Scale Solar Industry in a Finance Bubble?
“It can’t run red-hot forever.” Industry experts voice questions and concerns about dirt-cheap, shorter-term PPAs. The utility-scale solar market has gotten “frothy” in the last year and a half. A flood of new investors, like pension funds and insurance companies, now view solar as a stable asset. That “wall of money” going after a smaller […]
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 […]
