Fifth Third Bancorp announced on Friday March 9 that it signed a PPA to take the power from an 80-MW solar project in North Carolina.
The Hertford County Aulander Holloman solar facility is an approximated $200 million project that will be designed, built and owned by Mooresville, North Carolina-based SunEnergy1. It will employ approximately 1,000 people during construction, generate roughly 194,000 MWh/year of electricity and help avoid 144,000 metric tons of greenhouse gas emissions per year. Fifth Third’s PPA is the driving force behind the project being built.
Today’s topics include U.S. President Trump’s official proclamation that he is imposing 25 percent tariffs on steel and 10 percent tariffs on aluminum and how they will affect all facets of the energy industry, including solar companies. We also touch on the now-becoming-more official JinkoSolar manufacturing plant. There is still no official announcement that they are building something that will manufacture solar modules in the U.S. however JinkoSolar is named in legislation recently filed in the state of Florida that seeks approval for city and state tax incentives. Lastly, we’ll touch on POWER-GEN 2018 and why you should get involved right now.
Have a listen to this one-minute video that explains all of the new tracks and session types we’ve added to POWER-GEN 2018 and then submit an abstract to speak at the show today. Time is running out – the final deadline is March 16, 2018.
Sunrun Inc., the largest U.S. residential-solar company, is seeking about $500 million to fund more rooftop-power systems, according to people familiar with the company’s plans.
With a reported 150,000 homes and businesses in Puerto Rico still waiting for electricity since it was lost six month ago during Hurricanes Irma and Maria, small successes with solar-plus-storage installations are making a big difference in ongoing recovery efforts.
California is hoping that lessons learned from a new microgrid project at Humboldt County’s regional airport will help create a road map for microgrid integration in the state.
The price of electricity has been regulated for so long that price regulation is widely considered proper and necessary. The reality is that rate regulation was needed only to enable utilities to raise investment capital for building large central power plants and transmission lines.
A global coalition aimed at supporting the use of solar power is expected to announce a slew of projects worth about $700 million during its inaugural conference this weekend in New Delhi, according to government officials familiar with the matter.
The International Solar Alliance, an initiative launched at the Paris climate talks in 2015, plans to unveil 20 projects in as many countries during the event on March 11, said the officials, asking not to be identified as the information isn’t public yet. The event will be attended by Indian Prime Minister Narendra Modi and French President Emmanuel Macron, leaders of the countries behind the ISA’s creation, as well as four prime ministers, 19 presidents and 17 ministers, the people said.
The ISA aims to organize $1 trillion in low-cost financing for solar energy projects by 2030 in sunlight-rich but power-poor countries located around the equator. At least 26 nations, including Australia, Bangladesh and Peru, have ratified its framework agreement, according to the event’s website.
Nine multilateral development banks, including the Asian Development Bank and the World Bank, will also attend the conference and are in talks to support the ISA, the people said.
The coalition seeks to support programs including solar power for agriculture use, affordable financing, mini grids, rooftop installations and electric vehicle and storage initiatives, according to a statement from the Indian government in December when the ISA became a treaty-based, inter-governmental organization.
Lead image: Solar on Ascension Island. Credit: Pixabay.
Rakshith Kunder is adding more solar panels to the roofs of his warehouses. He isn’t seeking to save the planet, it’s pure economics.
Researchers from across several organizations have come together to find a simple way for solar plants to harness the power of both the sun and rain.
The National Hydropower Association has launched a new initiative aimed at increasing Congressional awareness of and support for America's hydro sector, with the passage of modernized licensing processes being the ultimate goal.
Abandoned on an iceberg and shoved off to sea, the Juneau Hydropower project at Sweetheart Lake was given a cold shoulder by the Regulatory Commission of Alaska on Feb. 9.
Utilities are a natural partner for the geothermal heat pump (GHP) industry. Why? Because utilities have a broad consumer base and infrastructure, and need to both build load (sales) and levelize that demand to make the most efficient use of their electrical generation capacity throughout the year. GHPs are a technology that fills that niche.
Australian homeowners and businesses installed 1.1 GW of solar PV last year, mostly for rooftop solar, according to the Australian Clean Energy Regulator’s Small-Scale Renewable Energy Scheme data released yesterday.
About a week ago, U.S. President Trump released news that he was planning to impose tariffs of 25 percent on imported steel and 10 percent on imported aluminum under a rarely used trade law called Section 232, which allows a U.S. President to impose tariffs on imported goods that threaten national security.
GE today launched its new grid-scale Reservoir energy storage platform. GE said that it has a 20-MW/80-MWh pre-launch commitment for the 1.2-MW/4-MWh Reservoir unit.
The use of batteries to reduce peak demand charges may be one of the most clearly defined business cases for battery energy storage among electric distribution cooperatives in the U.S., according to a report released yesterday by cooperative bank CoBank’s Knowledge Exchange Division.
Nissan today said it is expanding its collaboration with German utility E.ON in Europe to advance its vehicle-to-grid (V2G) technology so EV drivers can charge their cars for free.
Wave Energy Scotland (WES), a subsidiary of Highlands and Island Enterprise (HIE), has awarded about US$3.5 million to a magnetic gear project being led by Aberdeenshire, Scotland-based Ecosse Subsea Systems (Ecosse).
High Voltage Direct Current (HVDC) transmission is key to expediting clean, efficient power for our everyday electricity needs.