California won’t touch wildfire budgets in behind-the-meter battery incentive shift
Greentech Media – September 17
California regulators plan to address pleas from stakeholders in the energy storage industry to free up money for the state’s behind-the-meter battery incentive program, directing an additional $108.5 million that could allow about 100 megawatts of stalled projects in low-income and disadvantaged communities to be built this year. But regulators don’t plan to shift more money to the program from a much larger budget dedicated to serving low-income or medically vulnerable people living in the parts of the state most threatened by wildfires and fire-prevention grid outages. Last Wednesday’s proposed decision from the California Public Utilities Commission, expected to come to a vote in late October, applies to the state’s Self-Generation Incentive Program, which has $1.2 billion available through 2024 to cover part of the costs of installing batteries at homes and businesses.
SunPower locks down financing commitments for solar leases
Solar Industry Magazine – September 22
SunPower has secured financing commitments from Hannon Armstrong Sustainable Infrastructure Capital Inc. and other capital providers for its residential solar lease program, as well as its new solar+storage program – the SunPower Equinox system with SunVault storage. SunPower expects the new fund to help meet expected customer demand through mid-2021. These customer financing provisions will supplement the solar loan and cash sale alternatives currently offered by SunPower.
Nautilus Solar Energy acquires solar projects in Oregon and Rhode Island
Solar Power World – September 22
Nautilus Solar Energy has acquired two solar portfolios from Pine Gate Renewables in Oregon and Rhode Island totaling approximately 17 megawatts. Both developments are in the early-to-mid stages of development. The 14-megawatt Oregon portfolio, comprising five developments located across four counties in western Oregon, marks Nautilus’s first move into the state.