Over the last six months, two major US utilities – American Electric Power (AEP) and Duke Energy – have been selling off their commercial solar PV assets to private investment groups and consolidating their operations in regulated markets.
Between US$7 and US$9 billion in transferable tax credit transactions were made last year in the US, according to a report from Crux, an ecosystem for entities to transact and manage transferable tax credits.
According to Syliva Levya Martinez, principal analyst of North American utility-scale solar at Wood Mackenzie: “These are not the last of these types of transactions we’re going to see”.
US cadmium telluride (CdTe) thin film solar module manufacturer First Solar has acquired a new facility in Ohio to support its distribution operations.
Danish renewables developer Ørsted has signed a 15-year power purchase agreement (PPA) to supply 80MW of solar PV power in the US to media company Bloomberg.
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.
US distributed generation platform Aspen Power has secured US$241 million in three financing tranches to support construction of its future solar PV assets.
