Energy Update
We are six months away from PJM and ISO-NE filing their compliance plans for FERC Order 2222. CAISO and NYISO already filed their plans because they didn’t seek an extension. MISO and SPP compliance plans are due in April 2022. If renewable developers want to engage in RTO committees on Order 2222, now would be the right time to participate. At least 3 issues are ripe for RE developer participation because they hit on the revenue streams offered in Order 2222.
North Star Renewables has secured a $131 million loan to build a new fleet of offshore wind farm support vessels in the UK.
The company will build three new Service Operations Vessels (SOVs) to be delivered to the Dogger Bank offshore wind farm on long-term contracts. Allianz Global Investors backed the loan, valued at £96 million.
Offshore wind development offers an answer to California’s reliability problem, and could greatly help the state reach its net-zero goals, according to a new report.
Contributed by Mike Phillips, CEO and co-founder of Sense
Canada’s largest municipally-owned electric utility has launched a pilot program that allows customers with distributed energy resources (DERs) to participate in an energy marketplace using blockchain technology.
Broad Reach Power is on a battery buying spree.
Mitsubishi Electric announced the acquisition of Smarter Grid Solutions — a UK-based company providing software management for the distributed energy resources market.
SGS’ DER management system facilitates the integration of DER into markets and grids, including grid capacity management, interconnection, and energy as a service.
Trina Solar’s 210 PERC solar cell has achieved 23.56% efficiency, a record for 210 P-type monocrystalline silicon PERC cells, the company said this week.
The efficiency rating was independently confirmed by the National Center of Supervision and Inspection on Solar Photovoltaic Product Quality.
The Dept. of the Interior announced the next steps for a proposed 1,000-megawatt wind project in southern Idaho.
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