Distributed energy platform Scale Microgrids has acquired over 500MW of community solar and energy storage projects across several states in the US from Netherlands-based developer Gutami.
As distributed energy resources such as residential solar rooftop increase in the next decade, its use for virtual power plants could save US utilities up to US$35 billion, according to a study from consultancy The Brattle Group.
US-based clean energy company Avangrid has signed a memorandum of understanding (MOU) with the Navajo Tribal Utility Authority (NTUA) with a view to developing 1GW of solar, wind and energy storage assets.
US utility Dominion Energy Virginia has received approval from the Virginia State Corporation Commission (SCC) for two dozen of new solar and energy storage projects.
Solar and wind installations in the US could account for between 40% and 62% of total electricity generation by 2030, according to a report from the National Renewable Energy Laboratory (NREL).
Last week’s collapse of Silicon Valley Bank (SVB) has brought doubts in terms of capital financing for the renewable industry with a big impact on the community solar market as the entity had financed up to 62% of the US community market.
