US-based independent power producer Altus Power has reached financial close on 220MW of solar PV assets representing an investment of approximately US$293 million.
A total of 4.7GW of utility-scale solar capacity was installed in Q4 2022 in the US, but the difficulties in sourcing modules caused a delay in installations, according to industry body the American Clean Power Association.
Solar developer Lightsource bp has signed a power purchase agreement (PPA) with fast food giant McDonald’s for a 145MWac/180MWdc PV project in Louisiana.
US community solar deployment is expected to more than double over the next five years despite 2022 seeing a 16% decline year-on-year, as the sector is set to see benefits from the Inflation Reduction Act (IRA) taking hold.
Certification services company UL Solutions has formed a partnership with the Modular Energy System Architecture (MESA) Standards Alliance to standardise distributed energy communications.
The US government has announced plans to enable states and non-profit entities to apply for US$27 billion in funding, financing projects that can help combat climate change.
