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Xinyi Solar says it expects a 70% to 80% profit decline for the year ending Dec. 31, 2024, due to low market prices, higher plant suspension costs, and inventory writedowns. ...
Standard Solar, a commercial and community solar developer and asset owner, announced this week the acquisition of a 5.7 megawatt (MW) solar project on a landfill in Pennsville, New Jersey, in partnership with Trinasolar Development Solutions LLC, Trinasolar International System Business Unit’s (‘ISBU’) American entity. This initiative leverages innovative solar solutions to ...
Fluence Energy, a leading provider of energy storage products and services, this week (Feb 22) announced that Fluence Mosaic , an intelligent bidding software for grid-scale energy storage and renewable assets, has launched in the Electric Reliability Council of Texas (ERCOT) wholesale power market, starting with over 350 MW of battery-based energy storage assets scheduled to commence operations ...
Nexamp, together with National Grid, is addressing increased energy demand at the Coffeen substation in Watertown, New York with the construction of a new solar + storage facility that will eliminate the need for additional transmission lines or substation upgrades through a Non-Wires Alternative (NWA) approach. NWA projects are designed to reduce cost and complexity by using distributed energy ...
Amp Energy, a global Energy Transition Platform and renewable energy developer, this week announced it has closed financing on its 61 MW | 6.5 MWh solar plus storage portfolio in Massachusetts and New York, valued at $155M. KeyBank led the construction and term debt, with U.S. Bank investing the tax equity for the portfolio, in the fourth transaction amongst the three parties since 2017. Of the ...
National Grid has located robust stocks of renewable natural gas (RNG) and hydrogen potentially available for its customers in Massachusetts and New York through the company's first-of-its kind Northeast clean energy request for information (RFI) issued in May. Procurement of RNG and hydrogen are essential to National Grid's plan to deliver a 100% fossil-free gas network for customers who do not ...
As electricity rates skyrocketed through the first two months of 2022, Joule estimates that its electricity supply customers saved $7 million from July 2021 through February 2022, with $3.4 million in savings accruing in February arising from its participants in the Central Hudson utility zone due to the utility's expected 46% rate hike for electricity. In Rockland Country, Joule's program ...
Ameresco, Inc., a leading cleantech integrator specializing in energy efficiency and renewable energy, this week announced that it has been awarded the Slemon Park Microgrid project, which it will develop in collaboration with Prince Edward Island (PEI) Energy Corporation. The Slemon Park Microgrid will consist of a 10-MW solar facility with direct current-coupled energy storage, meaning that the ...
Renewable energy and grid solutions provider Swell Energy Inc. this week announced that it is working with three California utilities on pilot projects to expand grid services use cases for residential solar + storage resources to meet both local and regional energy needs. Pacific Gas and Electric Company (PG&E) and San Diego Gas & Electric (SDG&E) are working with Swell to expand ...
Horizon Power, Western Australia's regional and remote energy utility, and PXiSE Energy Solutions, developer of next-generation grid control technology, have collaborated on a first-of-its-kind hydrocarbon-free power grid that enabled a town to power itself entirely with fossil-free distributed energy resources.In the world's first known instance of solar-plus-batteries supplying 100% of a ...
Lightsource bp, a global leader in the development and management of solar energy projects, has today announced the completion of the sale of 100MWp of UK solar projects to FTSE 250 renewable energy investment company NextEnergy Solar Fund (NESF), for a total consideration of £64.3 million. The transaction consists of two 50MWp solar projects, one in Yorkshire and one in Nottinghamshire, ...
Fluence this week announced that its AI-powered Trading Platform has been selected to provide optimization and market bidding services for Pacific Gas and Electric Company's 182.5 MW, 730 MWh battery energy storage system in Moss Landing, Calif. Using artificial intelligence, advanced price forecasting, portfolio optimization and market bidding algorithms, the software will ensure the system is ...
Amplus Solar recently announced the launch of the MILES (M+Innovation Lab for Energy and Sustainability) Challenge for start-ups with ready to deploy solutions in the Clean Energy ecosystem in India. Launched in association with GoMassive Earth Network, an angel investor forum focused on sustainability,The MILES Challenge will provide participants mentorship as well as access to resources in the ...
San Diego-based energy developer, Indian Energy LLC, has accepted a grant of more than $5 million from the California Energy Commission (CEC) to develop and demonstrate long-duration, non-lithium ion based energy storage technologies. This grant is part of the CEC's Electric Program Investment Charge (EPIC) program, funding research that accelerates clean energy innovation, helping to build ...
Spruce Finance, the largest private owner and operator of distributed generation residential solar assets in the U.S., has acquired two new asset portfolios, including the balance of NRG’s residential holdings. The NRG purchase is Spruce’s largest to date and the latest example of the company’s residential solar asset “growth by acquisition” strategy in the U.S. The ...
Spruce Finance, the largest private owner and operator of distributed generation solar residential assets in the U.S., has bought Clearway Energy’s entire portfolio of residential solar assets. The deal is Spruce’s largest to date and the latest example of the company’s residential solar asset “growth by acquisition” strategy in the U.S. The 53 megawatts (MW) of ...
Following solar production records set in the UK, Germany and Spain in March and April, the European solar market is set to break further records in 2020. This is according to data and software architects for bankable solar investments, Solargis, whose solar irradiation maps show the impact relatively small fluctuations in global horizontal irradiation (GHI) are having on production during the ...
Spruce Finance, the largest private owner and operator of distributed generation solar and residential energy assets in the U.S., has closed a $124 million debt financing deal for its portfolio of residential solar power purchase agreements (PPAs) and leases with Vantage Infrastructure and Sequoia Economic Infrastructure Income Fund (SEQI). The funds will provide a significant capital boost to ...
An analysis by Frost & Sullivan, Drones in the Global Power and Utilities Industry, Forecast to 2030, reveals that the market for drones in the power and utilities industry will continue to expand at a compound annual growth rate of 23.6%, reaching $515 million by 2030. Ongoing digital transformation trends across the power and utilities sector and an increase in the adoption rates of drones ...
Spruce Finance, the largest private owner and operator of distributed generation solar and residential energy assets in the U.S., has completed its second-largest acquisition to date. The purchase of 3,668 rooftop solar assets totaling 27.6 megawatts (MW) from Greenbacker Renewable Energy Co. expands Spruce’s solar portfolio to more than 200 MW, further solidifying the company as a leader ...