Energy Update
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.
Clarion Energy announced today three new additions to the already acclaimed media content team. David Wagman, Kevin Clark, and John Engel are joining the team to continue to effectively meet the needs of our global customers through a wide range of media outlets.
Lightsource bp said it closed on a $533 million multi-project financing package and started construction on its 345 MW Ventress Solar project some 30 miles northwest of Baton Rouge in Pointe Coupee Parish, Louisiana.
Lightsource bp will build, own and operate the facility and sell the energy to McDonald’s Corp. and eBay Inc. under long-term power purchase agreements.
By Mike Caitlin, Associated Press
TRENTON, N.J. (AP) — The federal government will lease an area larger than half the size of Rhode Island off New Jersey’s and New York’s coasts for wind power development, the first offshore lease in the Biden Administration, Interior Secretary Deb Haaland announced January 12.
Salt River Project is partnering with a NextEra Energy unit to add a 100 MW battery to its existing 100 MW solar plant, Saint Solar.
The battery, expected to be operational in mid-2023, will provide four hours of capacity.
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