In an interview, the head of SoftBank’s global renewables arm says the company will have its first gigawatt of U.S. solar capacity in operation by next year. The head of SoftBank’s renewable energy subsidiary, SB Energy Global, says his firm is committed to growing its presence in international clean energy markets despite ongoing financial struggles […]
Three-Quarters of New US Generating Capacity in 2020 Will Be Renewable, EIA Says
2020 will be a record year for U.S. renewables construction as 6 gigawatts of coal capacity goes offline, according to new government figures. The U.S. Energy Information Administration has confirmed what it and industry watchers predicted a year ago — that wind and solar power will expand on their already-large share of new U.S. generation […]
Texas’ Power Market Reaps the Wind (and Sun)
Texas’ Power Market Reaps the Wind (and Sun) The Texas power market is a gamble. Generators seeking the occasional windfall from price spikes weigh the odds on temperature, wind-speed, the economy and, crucially, how much Read More
Signal Energy to Build Five Solar Projects in Texas and California
Solar Plants Will Produce Enough Energy to Power Nearly 357,000 Homes Annually CHATTANOOGA : Signal Energy, the Chattanooga-based leading contractor in the renewable energy industry, is partnering with Intersect Power to perform the engineering, procurement and construction (EPC) activities for five new solar projects in California and Texas. Signal Energy has been working with Intersect Power over the […]
Duke Energy Renewables acquires 200-MWac Texas solar project from Canadian Solar
Rambler solar project will produce enough clean energy to power the equivalent of 40,000 homes CHARLOTTE, N.C. and GUELPH, Ontario: Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK), is expanding its solar energy portfolio by acquiring the 200-megawatt (MWac) / 266-megawatt peak (MWp) Rambler solar project from Recurrent Energy, a wholly-owned subsidiary of […]
GlidePath Took on Storage in Texas. Now It Wants to Add Batteries to Wind
Quinbrook-backed developer will fill batteries with wind power during times of negative pricing in the Southwest Power Pool. Batteries paired with solar plants have gained momentum in sunny locales, but a market for shifting wind generation using battery storage has so far failed to materialize. Developer GlidePath Power Solutions, however, sees a path forward for […]
Texas’ Power Price Spike and Designing Markets for a Carbon-Free Grid
The Texas power market is designed to play chicken with blackouts. Is the model sustainable in a high-renewables system? Last week as Texas’ ERCOT grid reached its price cap of $9,000 per megawatt-hour and the price map on ERCOT’s website became a solid and deep red, many energy market wonks highlighted that this is a […]
The US Remains the Market to Beat for Corporate Renewable Purchases
But China is working on several new policies with the potential to boost corporate-led deployment in the world’s largest wind and solar market. This year is on track to be another record-setter for corporate renewables purchases, and while the U.S. is still the engine driving the market’s growth, China is now on the horizon. So […]
CIT leads $204.5 million financing for 200-MW Texas solar project
CIT Group Inc on Wednesday announced its power and energy business served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar, a 200-megawatt solar farm to be built in Nolan County, Texas. Concurrent with financial close, the project was sold by 8minute Solar Energy to Duke Energy Renewables. […]
Lincoln Clean Energy Achieves Commercial Operation of 184MW Lockett Wind Project in Texas
CHICAGO: Lincoln Clean Energy (LCE), a subsidiary of Ørsted and leading developer of U.S. renewables, has achieved commercial operation of its Lockett Wind project, a 184MW wind farm in Wilbarger, Texas. The project will generate over 700,000 megawatt-hours of renewable energy per year—enough to power the equivalent of 70,000 U.S. homes. With the addition of […]