Dominion Energy has promoted Steven D. Ridge to senior vice president and CFO, succeeding James R. Chapman, who will be leaving the company for a senior finance role outside the utility industry after a transition period. Ridge will be responsible for corporate and financial planning, investor relations, tax, treasury, mergers and acquisitions, and asset management. […]
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Aspen Power Partners LLC, a distributed generation platform, has received a $350 million investment from funds managed by global investment firm Carlyle. The investment supports Aspen’s growth strategy targeting the community, multifamily, and commercial and industrial (C&I) solar and storage markets. To launch this strategy, Aspen has acquired Safari Energy LLC from PPL Corp. Founded […]
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have issued three additional notices requesting public input on key climate and clean energy tax incentives in the Inflation Reduction Act. The trio of notices follows an initial set of notices requesting comment the Department issued in October. These notices are part of […]
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EE North America, a renewable energy developer, has partnered with Elio Energy to develop a pipeline of 2 GW of solar power generation and energy storage in Arizona and surrounding states, with projects expected to start construction gradually between 2023-2025. “Our partnership with Elio Energy is another step forward in EE North America’s growth story. […]
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Aspen Power Partners LLC, a distributed generation platform, has received a $350 million investment from funds managed by global investment firm Carlyle. The investment supports Aspen’s growth strategy targeting the community, multifamily, and commercial and industrial (C&I) solar and storage markets. To launch this strategy, Aspen has acquired Safari Energy LLC from PPL Corp. Founded […]
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First Citizens Bank division CIT’s Power and Energy business is serving as coordinating lead arranger of construction financing for a major new solar energy project in Texas. Avantus (formerly 8minute) is the developer of the 147 MW DC solar power facility now under construction in Concho County, Texas. The project, known as Galloway 2, is […]
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Mobility supplier DENSO and Silicon Ranch have broken ground on a new solar facility at DENSO’s Maryville, Tenn., location, along with the City of Maryville’s Electric Department and Tennessee Valley Authority (TVA). The new solar farm is the first of four solar production facilities the group plans to bring online in Tennessee. When the solar […]
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Construction costs for solar photovoltaic systems continued to decrease in the United States in 2020; the capacity-weighted average fell 8% compared with 2019, according to the latest data in U.S. Energy Information Administration’s (EIA) Annual Electric Generator Report on newly constructed utility-scale electric generators. By contrast, average construction costs for both wind turbines and natural […]
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While the clean energy industry celebrated the August passage of the Inflation Reduction Act (IRA), the largest clean energy investment in U.S. history, policy challenges continued to limit clean power growth in the third quarter, according to a new report released by the American Clean Power Association (ACP). From July to September 2022, 3.4 GW […]
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LONGi has introduced the Hi-MO 6, its first module designed exclusively for the global distributed consumer market. Using LONGi’s high-efficiency HPBC cell technology, Hi-MO 6 achieves a maximum efficiency of 22.8% in mass production. HPBC (hybrid passivated back contact) is a new generation of high-efficiency solar cell technology that’s unique in its front-side busbar-free design. […]
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SunPower Corp., the University of California – Irvine (UCI), Schneider Electric and Southern California Edison (SCE) are collaborating with KB Home as the strategy, research, technology and energy providers for the homebuilder’s newly launched Energy-Smart Connected Communities in Menifee, Calif. More than 200 all-electric homes will be solar-powered, equipped with individual battery storage and connected […]
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The Canadian Renewable Energy Association (CanREA) has launched the CanREA Electricity Transition Hub, supported by nearly $1.6 million in funding. The hub is a knowledge-transfer tool helping electricity utilities and system operators accelerate their decarbonization efforts. The hub will equip participants to integrate the larger amounts of wind energy, solar energy and energy storage needed […]
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