Renewable Energy Focus
SeeNews Renewables - Feb 25 Utility NV Energy Inc. said on Thursday it wants to acquire 35 megawatts of renewable energy capacity and to award long-term power purchase agreements for at least a further 100 megawatts of renewables in its home state of Nevada. The company issued a request for proposals, setting the bidding deadline for March 18, 2016.
PV-Tech - Feb 19 Tech giant Apple has said that solar and energy storage projects will be among the priorities for expenditure under its inaugural green bond, which the company issued last week to the tune of $1.5 billion. Apple said in an SEC filing that its bond would have three main priorities: renewable energy and energy efficiency, using “greener materials” in the supply chain, and conserving resources. Green bonds, which tap the vast global debt capital markets, are seen as a potentially vital tool in harnessing capital for ‘green’ infrastructure such as renewables, particularly in the context of the Paris climate deal in December.
Bloomberg - Feb 22 Solar power developers added a record 7.3 gigawatts of capacity in the U.S. last year, up 17 percent from 2014 and surpassing natural gas installations for the first time. Residential installations climbed 66 percent, the fastest-growing segment, and accounted for 29 percent of all photovoltaic systems, according to a report Monday from GTM Research and the Washington-based Solar Energy Industries Association. California, North Carolina, and Nevada were again the top three solar states.
PennEnergy - Feb 23 More than 200 members of Congress are backing a court challenge to President Obama's plan to curtail greenhouse gas emissions. A brief filed Tuesday with the U.S. Court of Appeals in Washington argues that the U.S. Environmental Protection Agency overstepped its legal authority and defied the will of Congress by regulating carbon dioxide emissions. Led by Senate Majority Leader Mitch McConnell, R-Ky., and House Speaker Paul Ryan, R-Wis., those signing on include Republican presidential candidates and senators Ted Cruz of Texas and Marco Rubio of Florida.
CleanTechnica - Feb 23 The city council of Palo Alto has just approved a power purchase agreement with Hecate Energy for $36.76 per megawatt-hour, or 3.7¢/kWh — perhaps the lowest price paid for grid-scale solar energy to date. The proposed deal will see Hecate Energy provide electricity generated by its 26-megawatt Wilsona Solar project — to be located outside of Los Angeles, near Palmdale — to the city via a 25-year power purchase agreement with options for three 5-year extensions (up to 40 years total). The deal marks a roughly 47 percent drop on contract price as compared to the cheapest solar PPA that the Palo Alto city staff had previously signed.
The city council of Palo Alto has just approved a power purchase agreement with Hecate Energy for $36.76 per megawatt-hour, or 3.7¢/kWh — perhaps the lowest price paid for grid-scale solar energy to date. The proposed deal will see Hecate Energy provide electricity generated by its 26-megawatt Wilsona Solar project — to be located outside of Los Angeles, near Palmdale — to the city via a 25-year power purchase agreement with options for three 5-year extensions (up to 40 years total). The deal marks a roughly 47 percent drop on contract price as compared to the cheapest solar PPA that the Palo Alto city staff had previously signed.
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The city council of Palo Alto has just approved a power purchase agreement with Hecate Energy for $36.76 per megawatt-hour, or 3.7¢/kWh — perhaps the lowest price paid for grid-scale solar energy to date. The proposed deal will see Hecate Energy provide electricity generated by its 26-megawatt Wilsona Solar project — to be located outside of Los Angeles, near Palmdale — to the city via a 25-year power purchase agreement with options for three 5-year extensions (up to 40 years total). The deal marks a roughly 47 percent drop on contract price as compared to the cheapest solar PPA that the Palo Alto city staff had previously signed.
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The city council of Palo Alto has just approved a power purchase agreement with Hecate Energy for $36.76 per megawatt-hour, or 3.7¢/kWh — perhaps the lowest price paid for grid-scale solar energy to date. The proposed deal will see Hecate Energy provide electricity generated by its 26-megawatt Wilsona Solar project — to be located outside of Los Angeles, near Palmdale — to the city via a 25-year power purchase agreement with options for three 5-year extensions (up to 40 years total). The deal marks a roughly 47 percent drop on contract price as compared to the cheapest solar PPA that the Palo Alto city staff had previously signed.
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Energy Matters - Feb 24 Large enough to park nearly 3,000 vehicles, Intel’s solar carport installation is said to be the largest private project of its kind in the U.S. Constructed at its Folsom, California campus, the new 6.5-megawatt addition brings total on-site solar energy generation at the campus to 8.7 megawatts, enough to provide half of the campus’ energy usage and equivalent to meeting the power needs of almost 1,000 homes.
PV Magazine - Feb 24 Escondido Union High School District (EUHSD) and SunPower Corp. announced a power purchase agreement under which SunPower will build two megawatts of solar power systems at four district schools. The district estimates that the agreement will offset approximately 75 percent of its annual electricity demand, and save $13.4 million in electricity costs over the next 20 years. Requiring no upfront capital investment on behalf of the district, the PPA provides EUHSD with competitive electricity rates and a hedge against potential utility rate increases.
