A standalone Investment Tax Credit (ITC) for energy storage in the US holds the potential to be more immediate and impactful than any other policy, the head of the US national Energy Storage Association has said.
Distributed Solar Development (DSD), a business backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy, has closed on a US$250 million fund financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank that will be utilised to fund a portfolio of distributed generation projects through 2020.
The Florida Public Service Commission (PSC) has approved cost recovery for the third phase of Tampa Electric Company’s (TECO) solar plans, which is comprised of a pair of solar projects with a combined generation capacity of 150MW.
Top manufacturers take the floor at Penang event to guide developers and EPCs through bifacial yields, bankability data and other front-of-mind issues of fast-changing PV module industry.
The deal, which Dominion says is largest ever brokered by a US state government, comprises four different solar projects set to come online before 2023, as well as one wind project.
Solar players reap combined 530MW in contracts of 2.9GW awarded to wind, hydro and thermal plants, with average PV prices the lowest at around US$20.5/MWh.
The firm’s new acquisitions were unveiled just one day after reports emerged that it plans to sell a 39MW utility-scale North Carolina PV portfolio to London-headquartered US Solar Fund.
