Around the world, solar power price records just keep on coming. One of the biggest U.S. solar stories of the summer was developer 8minute’s pricing record of $19.97 per megawatt-hour for a Los Angeles project. The project, which looks set to go ahead following initial union resistance, remains a relatively rare public example of sub-$25 […]
Acciona Supersizes Solar and Storage Efforts With Big US Acquisition
“Zero to 60” investment: Spanish developer buys a 4-gigawatt solar and storage project pipeline. Spanish renewables developer Acciona has acquired 3 gigawatts of solar and 1 gigawatt of storage projects currently under development in the U.S. by Nebraska-based Tenaska. The deal announced Monday will see Acciona aiming to complete eight solar projects totaling around 1,200 […]
Spain Grid-Connects More Solar in 2019 Than Last Decade Combined
The Spanish solar market has reawakened, but not every project with a grid-connection approval will get built. Spain has connected more solar to its grid in the first nine months of 2019 than the last 10 years put together. Data released by grid operator Red Eléctrica de España (REE) shows that around 1,541 megawatts of […]
NextEra and Southern Company Rank as Largest Solar Owners Outside China
The global solar market is growing rapidly but remains highly fragmented, Wood Mackenzie says. NextEra Energy is the largest owner of solar PV capacity outside China, in a “highly fragmented” global market, according to a new ranking from Wood Mackenzie. NextEra has long dominated the U.S. wind market, where its 15-gigawatt base of installed capacity […]
US Solar Industry Rallies Behind 20% Generation Target for 2030
Priority #1: Extend the Investment Tax Credit, which new research says could increase installations by 36 percent through 2030. The solar industry met in Salt Lake City with a more sweeping and disciplined message than in some years past: Rally to extend the federal Investment Tax Credit and buckle up for a decade of massive […]
Michigan PURPA Settlement Set to More Than Triple State’s Solar Capacity
Utility Consumers Energy and the solar industry resolved their conflict, smoothing the way for deployment. Regulators in Michigan approved a settlement Wednesday compelling utility Consumers Energy to buy power from 584 megawatts of solar interconnected by September 1, 2023, multiplying by many times the 153 megawatts currently standing in the state. The settlement ends a […]
Canada’s Solar Breakthrough? 600MW Merchant Project Gets Green Light in Alberta
Solar now beats wind on cost in the home of Canada’s oil industry, says CEO of multi-renewables developer Greengate Power. A solar project that would be Canada’s biggest received provincial approval this week from regulators in Alberta, gliding through a key step on the way to its completion. So far Canada hasn’t seen the whoppingly […]
Hawaiian Electric Seeks Bids for 900MW of ‘Dispatchable Renewables,’ Storage and Grid Services
The next round of RFPs will help meet Hawaii’s goal of 100 percent renewables by 2045 and replace two big power plants closing on Oahu and Maui in the next five years. On Thursday, Hawaiian Electric issued a long-awaited request for proposals for about 900 megawatts of renewable energy and energy storage projects. It’s the […]
Spain Moves to Prevent a Second Solar Bubble
Grid-connection applications for solar projects are rising by 15 gigawatts a month in a country with 40 gigawatts of total peak power demand. Spain’s energy regulator is moving to tighten PV plant grid connection rules as the country heads toward a second solar development bubble. The National Commission on Markets and Competition (Comisión Nacional de […]
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 […]