Energy Update
An integrated policy framework built around the energy transition could bring a wave of new sustainable energy investment to Africa, growing the continent’s economy by 6.4% by 2050, according to an analysis published by the International Renewable Energy Agency (IRENA) in collaboration with the African Development Bank (AfDB).
The National Offshore Wind Research and Development Consortium (NOWRDC) announced $3.4 million in funding for six new wind projects in supply chain efficiency, asset monitoring, and inspection.
First Solar said that Boston-based Swift Current Energy placed an order for 1.2 GWDC of First Solar’s thin film photovoltaic (PV) solar modules. The modules will be delivered in 2023 and 2024. Terms were not disclosed.
The order is the largest to date for Swift Current, which was founded in 2016 and has a pipeline of more than 6 GW of planned renewable assets across North America.
Equinor and bp finalized Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA) for the 1,260 Empire Wind 2 and 1,230 MW Beacon Wind 1, which would be built in offshore waters.
The January 14 signings closed New York State’s second offshore wind competitive solicitation.
Pine Gate Renewables said that Fundamental Renewables will provide a $500 million credit facility to Pine Gate to fund the initial construction and development of utility-scale solar projects.
Green Power EMC, the renewable energy supplier for more than three dozen Georgia Electric Membership Corporations, and Silicon Ranch plan to develop 252 MWAC of solar energy capacity to serve 16 subscribing cooperatives across Georgia.
The total capacity will be generated from three locations in southern Georgia.
North America’s most competitive renewable power purchase agreement (PPA) prices rose by 5.9% from 2021 Q3 to 2021 Q4, according to the latest price index series from LevelTen Energy.
Prices are trending upward for the third consecutive quarter, according to LevelTen. The market average for solar PPA offers rose 5.7% to $34.25 per MWh, while wind was up 6.1% to $38.36 per MWh.
North America’s most competitive renewable power purchase agreement (PPA) prices rose by 5.9% from 2021 Q3 to 2021 Q4, according to the latest price index series from LevelTen Energy.
Prices are trending upward for the third consecutive quarter, according to LevelTen. The market average for solar PPA offers rose 5.7% to $34.25 per MWh, while wind was up 6.1% to $38.36 per MWh.
The California Public Utilities Commission (CPUC) postponed oral arguments on its proposed revisions to the state’s Net Energy Metering (NEM) rules, likely delaying a vote on the draft beyond the current January 27 date.
The Commission said the delay would allow all five commissioners to take part in the oral argument phase.
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