A panel discussion about new forms of VPPA aggregation formed a focal point for this year’s Renewable Energy Markets conference in San Diego. Now, some companies are taking shares of VPPA projects rather than bilaterally contracting to build one strictly for their own renewable energy demand. The talk explored the ins-and-outs of such deals, and provided some pointers for constructing one.
Upgrading its projections for the clean power sector yet again, the influential agency suggested that by 2024 developers will have added enough new renewables capacity to the global grid to match demand from the entire U.S. economy.
"With each passing day it seems like another large company, like Amazon or Target, announces new solar procurements or bold renewable energy commitments. These companies make the headlines, but the untold success story of solar power in America can be found in small businesses across the country that are making those deals happen."
Solar’s embrace of subsidy-free models could push it in greater numbers towards owners with the experience to navigate power price swings, according to Wood Mackenzie. In a recent report, the consultancy said some of the world’s developed solar markets could witness an asset management shift as merchant business models become more prevalent.
The rising solar appetites of global investors so far in 2019 have put the industry on course to reach full-year financing volumes unseen since 2017, according to Mercom. The consultancy released stats showing solar's fundraising activity in Q3 2019 helped push financing totals between January and September this year to $9 billion.
Rooftop solar panels and home battery systems could play a significant role in balancing the nation’s electric grid, but federal regulators need to adopt policies to help make that happen, according to a clean energy group’s recent report.
Maine’s renewable energy landscape is poised for big changes. Legislation passed into law in June establishes greenhouse gas emission reduction targets and an ambitious renewable portfolio standard. In this interview, Dylan Voorhees, climate and clean energy director of the Natural Resources Council of Maine, explains what the new laws mean for the state, and what brought about the shift in policy.
Los Angeles has been sitting on a contract for record-cheap solar power for more than a month — and city officials declined to approve it because of concerns raised by the city-run utility’s labor union, which is still fuming over Mayor Eric Garcetti’s decision to shut down three gas-fired power plants.