The brewing giant announced a 222-megawatt solar project with Recurrent Energy in Texas, a fast-growing hot spot for corporate solar deals. Beer giant Anheuser-Busch announced Tuesday the signing of a 15-year virtual power-purchase agreement with Recurrent Energy for a 222-megawatt (AC) project in West Texas. In 2017, Anheuser-Busch committed to purchasing 100 percent renewable electricity […]
Batteries Benefit From Ontario’s Bizarre Energy Market
Energy storage developers like Enel X, Convergent and Stem are active in the Canadian province’s politically charged energy market. Batteries are benefiting from a bizarre market setup in Ontario that has politicians canceling energy-saving programs while at the same time pledging to cut bills. The Canadian province is fighting to reduce the financial burden imposed […]
C&I Renewables Marketplace LevelTen Draws Investments From Total and Equinor
LevelTen is targeting the “long tail” of smaller companies interested in renewables, including in Europe, CEO Bryce Smith tells Greentech Media. LevelTen Energy, a marketplace for corporate and industrial (C&I) renewable energy procurement, announced a fundraising round of $20.5 million on Monday. The latest fundraise is significantly higher than its previous round of $6.8 million. […]
A Facebook First: Tech Giant Invests Directly in a Renewable Project
Analysts say the social media company’s tax-equity investment in a 379-megawatt solar project in Texas could be a sign of deals to come in the corporate renewables market. Facebook announced Thursday it has finalized an agreement to provide tax-equity financing for a 379-megawatt solar project developed by Longroad Energy Partners in West Texas. It’s the […]
SunPower Fleshes Out Future Vision as an Energy Services Company
As it looks to sell its Oregon factory, SunPower is pushing into storage and energy services. “We’ll take over your energy bill,” the company aims to be able to tell future customers. After a string of big losses, SunPower is working to overhaul its business and financials. In September, the California-based solar manufacturer and development […]
Shell’s industrial customers in Ontario to be offered Convergent’s BTM battery storage
Ontario’s policy of rewarding large users of energy that reduce their demand for grid energy at peak times has resulted in Shell New Energies announcing 21MWh of projects with Convergent Energy + Power. US-Canadian project developer Convergent has been involved in some of the Canadian province’s biggest energy storage projects to date, many of which […]
Infrastructure Fund Buys Community Solar Developer Clean Energy Collective
The U.S. community solar market is beginning to draw investment from infrastructure funds and institutional investors. North American Infrastructure Partners, a recently launched infrastructure fund, this week purchased a majority stake in one of the top U.S. community solar developers, Clean Energy Collective. Colorado-based Clean Energy Collective said the strategic investment will allow it to […]
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 […]
Which State Leads in Corporate Renewable Offtake Deals? Hint: It’s Not California
More than 20 states now have at least 50 megawatts of wind and solar projects with corporate offtakers, according to Wood Mackenzie Power & Renewables. When Amazon announces it is making a return to the corporate renewables market, as it did this month, it comes as little surprise. Technology and data firms such as Amazon, Facebook and […]
Solar Installations Gain Ground in US Cities
American cities are rapidly adding solar capacity, and not just along the coasts, a new report says. Solar capacity is gaining in urban areas across the U.S., according to a report released this week by Environment America Research & Policy Center and climate research organization the Frontier Group. The number of U.S. cities with more than 50 […]