Tag Archive for: solarandstorage

J.P. Morgan made the tax equity investment, comprised of production tax credit and investment tax credit assets available through the IRA.

J.P. Morgan commits $680 million tax equity financing for solar and storage

Renewable energy developer Ørsted announced it has secured a $680 million tax equity financing for a portfolio of solar and storage assets in Texas and Arizona.

The project portfolio includes Eleven Mile Solar Center, a 300 MW solar and 300 MW /1200 MWh storage project in Pinal County, Arizona and Sparta Solar, a 250 MW solar project in Mineral, Texas.

J.P. Morgan made the tax equity investment, comprised of production tax credit (PTC) and investment tax credit (ITC) assets available through the Inflation Reduction Act (IRA). Over 1.8 GW of Ørsted’s 5.7 GW portfolio is now supported by the investment bank.

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Source: PV Magazine

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The US SEIA has sent a letter to the US Congress calling on the body to accelerate legislative reform for solar projects in the US.

SEIA and US solar leaders call on Congress to ‘support legislation’ to ease solar permitting and transmission

The US Solar Energy Industries Association (SEIA) has sent a letter, containing close to 200 signatures from solar and storage companies in the US, to the US Congress, calling on the body to accelerate legislative reform for solar projects in the US.

The letter, dated 11 April and sent yesterday, calls on the government to streamline four aspects of solar legislation: permitting, siting, transmission and access to public lands. The signatories argue that the current solar and storage permitting processes are “overly complex and time-consuming”, and in need of standardisation, and that legislators should designate priority sites for use by solar and storage developers, to eliminate “land use conflicts and restrictions.”

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Source: PV Tech

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Newsom Admin officials joined the Paskenta Band of Nomlaki Indians at the groundbreaking of a large-scale solar & storage microgrid.

Solar microgrid breaks ground in Northern California tribal community

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WHAT YOU NEED TO KNOW: A cutting-edge microgrid project funded by the state will support energy sovereignty and sustainable economic growth for the Paskenta Band of Nomlaki Indians. The project expands the deployment of important energy technologies needed for California’s clean energy future.

CORNING – Newsom Administration officials today joined the Paskenta Band of Nomlaki Indians at the groundbreaking of a large-scale solar and long-duration storage microgrid in Corning. The project will sustain tribal operations and relieve pressure on the grid during peak use times with new battery technology that can discharge power for 18 hours.

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Source: Office of Governor Gavin Newsom

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Fresno USD officially inaugurated a district-wide solar energy & storage portfolio with a combined power generating capacity of 17.5 MW.

California school district inaugurates 17.5-MW solar-storage portfolio

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Fresno Unified School District (Fresno USD) has officially inaugurated a portfolio of district-wide solar energy and storage portfolio with a combined power generating capacity of 17.5 MW which was realised in partnership with US distributed solar and storage developer ForeFront Power.

The portfolio includes 40 projects with solar canopies and energy storage systems across 31 district sites. It will produce 23.5 million kWh of clean electricity annually, covering the power consumption of over 3,000 homes.

The newly-launched assets are expected to save the District over USD 40 million (EUR 36.6m) throughout its 20-year lifespan, according to a press release published Wednesday.

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Source: Renewables Now

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The Viejas Microgrid project will provide the Viejas Band with reliable utility-scale renewable energy generation and storage infrastructure.

DOE announces $72.8 million conditional loan commitment for Viejas microgrid project

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The U.S. Dept. of Energy’s (DOE) Loan Programs Office (LPO) has announced a conditional commitment for an up to $72.8 million partial loan guarantee to finance the development of a solar and long-duration energy storage microgrid on the Tribal lands of the Viejas Band of the Kumeyaay Indians near Alpine, California.

This project is the first to be offered a conditional commitment through the Tribal Energy Financing Program, which was expanded and provided new loan authority the Inflation Reduction Act (IRA).

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Source: Solar Power World

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According to forecasts from Wood Mackenzie, California’s residential solar market will see a 40% decline in 2024.

A new reality: The path forward for California’s solar and storage industry

California’s rooftop solar and storage market is changing, and the industry is learning to operate in this new reality.

California has been America’s top solar market for over a decade, installing more solar capacity than any state every year until Texas took over in 2021. While California reclaimed the number one ranking in 2022 and installations look strong in 2023, the shift in 2021 may be a preview of what is to come.

In late 2022, after years of debate, the California Public Utilities Commission (CPUC) unanimously approved a new way to compensate rooftop solar customers for the excess energy they generate. This decision moves the state from retail rate “net metering” to a new “net billing” structure that cuts the value of rooftop solar credits by about 75%.

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Source: SEIA

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The project generates 875 MWDC of solar energy and has 3,287 MWh of energy storage with a total interconnection capacity of 1,300 MW.

The largest US solar + storage project is complete

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Terra-Gen and Mortenson have substantially completed the Edwards & Sanborn Solar + Energy Storage project, the largest solar + storage project in the United States. Mortenson was the full engineering, procurement and construction (EPC) contractor on both the solar and energy storage scopes.

This project stretches over 4,600 acres and includes more than 1.9 million First Solar modules. In total, the project generates 875 MWDC of solar energy and has 3,287 MWh of energy storage with a total interconnection capacity of 1,300 MW.

The project supplies power to the city of San Jose, Southern California Edison, Pacific Gas & Electric Co. and the Clean Power Alliance and Starbucks, among others. A portion of the project is situated on the Edwards Air Force Base and was the largest public-private collaboration in U.S. Department of Defense history. The project uses LG Chem, Samsung, and BYD batteries.

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Source: Solar Power World

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The commercial market isn’t ignoring energy storage, but it will take the efforts of policymakers, contractors and manufacturers to push battery adoption further.

The commercial energy storage market may be small, but it’s slowly growing

When compared to the utility-scale and residential markets, the installed capacity of energy storage in the community, commercial and industrial (CCI) market is woefully underdeveloped, especially judged against its potential.

According to Wood Mackenzie’s “US Energy Storage Monitor” report, the grid-scale segment deployed 6,848 MWh of storage in Q3 2023, the residential segment installed 381.4 MWh and the CCI market managed 92.9 MWh. That “last place” standing will continue for CCI, as the other two markets are predicted to outpace it beyond 2027.

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Source: Solar Power World

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Community centers are turning to solar & storage to provide power and are exploring new solar savings and benefit-sharing models along the way

Solar energy powers America’s hospitals, churches & rec centers

In many communities, hospitals, places of worship, and recreation centers play a vital role in bringing people together and helping in times of need.

Now, community centers are turning to solar and storage to provide power and are exploring new solar savings and benefit-sharing models along the way.

Here’s what this looks like across the country.

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Source: Clean Technica

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The US solar industry is expecting to install an unprecedented 32GW of new capacity in 2023, according to the SEIA and Wood Mackenzie.

US solar installations expected to be a record 32 GW in 2023

The US solar industry is expecting to install an unprecedented 32 gigawatts (GW) of new capacity in 2023, according to a report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

This year’s anticipated installed solar capacity is a 52% surge from 2022, according to the new “US Solar Market Insight Q3 2023” report.

Supply chain bottlenecks as a result of the pandemic and restrictive trade policies have negatively impacted the solar market in recent years. But these challenges are beginning to recede, and as the Biden administration’s Inflation Reduction Act (IRA) policies gain momentum, Wood Mackenzie expects total US operating solar capacity to grow from 153 GW today to 375 GW by 2028.

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Source: electrek

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