July 2017 (www.jdsupra.com)
Renewable Energy Focus
Greentech Media – Jul 13 The Department of Energy may be facing potentially massive budget cuts and interference in how it gives out green technology research grants, but it is still getting the money out there. The latest installment is $46.2 million from DOE’s SunShot Initiative, aimed at bringing a host of solar PV, solar thermal, energy storage, and inverter technologies closer to market. The grant awards, announced Wednesday, are split among 48 companies, universities, and research organizations. The largest grants fell under the Advanced Module Design and Fabrication category, including $1.2 million for SunPower to work on “newly conceived surface bonding procedures” for manufacturing interdigitated back contact solar cells, which are highly efficient yet hard to make. The new concepts, if they work, could cut the number of process steps by more than half and “significantly reduce the cost of module fabrication.”
PBS – Jul 7 For the first time in decades, the United States got more electricity from renewable sources than nuclear power in March and April. The U.S. Energy Information Administration said last Thursday that electricity production from utility-scale renewable sources exceeded nuclear generation in the most recent months for which data is available. That’s the first time renewable sources have outpaced nuclear since 1984. The growth in renewables was fueled by scores of new wind turbines and solar farms, as well as recent increases in hydroelectric power as a result of heavy snow and rain in Western states last winter. More than 60 percent of all utility-scale electricity generating capacity that came online last year was from wind and solar.
Solar Industry Magazine – Jul 13 SolarWorld Americas, which operates a large PV manufacturing plant in Hillsboro, Oregon, is cutting its workforce in half but also announced it expects a double-digit-million-dollar infusion of cash to enable the company to stabilize and optimize operations through 2017 and beyond. Ever since its parent company, Germany-based SolarWorld AG, entered insolvency in local court, the U.S. subsidiary has consistently said it would work to maintain operations despite the parent’s financial woes. However, SolarWorld Americas issued a warning of an impending mass layoff to its approximately 800 employees in late May. In addition to the significant workforce reduction, SolarWorld Americas has announced its lenders have agreed immediately to forward $6 million in cash to the U.S. company.
Marin Independent Journal – Jul 7 The California Public Utilities Commission (PUC) has decided to review the mechanism by which Pacific Gas and Electric Co. and other investor-owned utilities are compensated when customers switch to community choice aggregators, such as Marin Clean Energy. The utilities and the community choice aggregators agree that the current mechanism for compensation is flawed. They are at odds, however, over how it should be changed or what should replace it.
San Diego Union-Tribune – Jul 12 A government-run alternative to San Diego Gas & Electric could deliver more green energy while costing residents and businesses less money over time, according to a report released Wednesday by the city of San Diego. The study looked at the feasibility of launching a community choice aggregation (CCA) program in San Diego, which might eventually be adopted to satisfy the city’s pledge to tap only solar, wind, and other green energy sources by 2035. The new report found that a community choice program has the potential to deliver cheaper rates than SDG&E’s while providing 50 percent renewable energy by 2023 and 80 percent green power by 2027. SDG&E currently offers about 43 percent renewable energy to its customers, and under state law must get to 50 percent by 2030.
Utility Dive – Jul 11 California startup Advanced Microgrid Solutions (AMS) has raised $34 million in a Series B funding round, bringing on board a wide range of investors looking to dip a toe into the distributed energy resource space. The funding includes commitments from DBL Partners, Energy Impact Partners (which is backed by about a dozen utility companies), Southern Co., Macquarie Capital, and others. Macquarie last year agreed to commit $200 million to finance energy storage projects. Greentech Media points out that instead of project finance, AMS will use the $52 million it has raised so far to expand into new markets and grow its software.
PV-Tech – Jul 12 8minutenergy Renewables and Capital Dynamics plan to develop the 328-megawatt Mount Signal 3 PV project. The plant, located near the city of Calexico in California’s Imperial Valley, is the third phase of the 800-megawatt Mount Signal Solar Farm, which will be one of the largest PV installations in the world. Capital Dynamics acquired the 328-megawatt project’s equity interests from 8minutenergy, which will continue to serve as the project developer. Terms of the transaction were not disclosed, but Capital Dynamics is currently arranging tax equity and debt financing for the project, with financial closing expected in late July 2017.
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