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{Solar} mission developer ReneSola Ltd. has picked up 20-year index renewable energy credit score (REC) contracts for 2 {solar} initiatives in two states.

The New York State Energy Analysis and Improvement Authority has chosen ReneSola Energy’s 22 MW Roosevelt {Solar} mission in Massena, N.Y., to be one among 22 initiatives as a part of the state’s largest land-based renewable energy initiatives.

ReneSola Energy was awarded a 20-year index REC contract as a part of the state’s renewable program in an effort to achieve New York’s targets to exceed 70% renewables by 2030 and 0 emissions by 2040 as required by Local weather Management and Neighborhood Safety Act.

As well as, the Illinois Commerce Fee has awarded a 20-year index REC contract to ReneSola Energy’s 20 MW utility-scale {solar} mission in Wilmington, Ailing., as a part of the state dedication to double funding in renewable energy in the direction of its purpose of 40% renewable energy by 2030 and 50% by 2040.

“We’re very excited and honored that our two utility-scale {solar} initiatives in New York and Illinois had been awarded REC contracts,” says Yumin Liu, ReneSola Energy’s CEO. “The {solar} trade continues to learn from the accelerating green energy transition to battle local weather change. Our initiatives are in keeping with our environmental, social and governance practices, that’s, not solely will it contribute to state-level renewable energy targets, however it can additionally make an affect to the native communities by creating jobs.”

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Harbert Invests $400 Million to Support DESRI’s Renewable Energy Projects



Harbert Invests $400 Million to Support DESRI's Renewable Energy Projects

D. E. Shaw Renewable Investments (DESRI) has entered right into a strategic financing relationship with Harbert Infrastructure managed funds, together with Gulf Pacific Energy LLC (GPP) and Harbert Infrastructure Fund VI (HIF VI). Beneath the association, Harbert will present DESRI with as much as $400 million of capital to make use of at DESRI’s discretion. This relationship will help DESRI’s operations throughout the renewable energy sector in the US.

“Now we have identified and collaborated with the DESRI staff for a number of years, in a number of capacities. They’ve a decades-long observe document of efficiency in creating, proudly owning and working contracted renewable energy tasks,” notes Claude Estes of Harbert. “Huge development in renewable era capability is required to facilitate the energy transition and DESRI’s disciplined, constant and strategic strategy to improvement is one thing that our group has immense respect for. We’re thrilled to formally name them our companion.”

“DESRI is extraordinarily enthusiastic about our lately shaped financing partnership with Harbert to proceed to help our constant development,” says David Zwillinger of DESRI. “This financing will help DESRI’s development in key electrical energy markets throughout the U.S. and facilitate new funding to serve our prospects and host communities.”

DESRI is targeted on proudly owning and managing long-term contracted renewable energy property in North America and has a portfolio of tasks totaling over 6 GW AC of working, development and contracted tasks.

Harbert has developed, acquired, owned and operated infrastructure property in the US and Canada for over 35 years and at the moment manages investments in energy era property totaling over 7 GW AC of gross capability.

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Selling battery attachments with solar PV systems beyond California



home battery sizing

An erratic but accelerating trend in utility valuation of residential and C&I battery storage for grid providers helps system suppliers to toughen worth propositions to potential adopters. This development, the comparatively new trend in EV charging, and the persevering with development in time-of-use peak shaving are lastly lifting the marginal economics of storage adoption from a questionable future break-even situation to a bankable money-making resolution.

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The near-term inevitability of the residential want for storage to assist cost the rising EV fleet will assist enhance storage economics and thus make it simpler to promote, suggests Mukesh Sethi, the Director of {Solar} and Energy Storage for Panasonic Eco Systems North America.

“EV charging is the following factor individuals are shifting towards when it comes to storage, and extra individuals are keen to spend cash earlier than fuel costs go up additional, and earlier than storage costs go up one other 20% to 30% just a few years from now,” he suggests.

This extra financial argument for storage has inspired extra client curiosity, different entrepreneurs say.

“Storage can supply numerous financial savings advantages throughout peak durations at evening. It’s turning into a very good worth proposition for patrons as utilities transfer their peak durations additional into the night,” says Joseph Cunningham, the Director of Operations for Arizona-based installer Sunny Energy that installs numerous SolarEdge systems. “We’ve seen a big enhance within the degree of buyer curiosity in storage, such that now about 60% of them ask about it.”

VPPs could be a large increase

Maybe the best new increase to storage valuation is coming from the emergence of virtual power plant (VPP) formation. “During the last 12 months there was a shift towards extra energy financial savings (credit) for battery storage, and towards cash generated by means of VPP actions,” says Keith Marett, the President of Generac’s Clean Energy Commercial Group. Generac lately positioned third amongst Digital Crops Platform (VPP) suppliers within the Guidehouse Insights Leaderboard Report.

“Increasingly utilities are writing unbelievable incentives for owners to make use of batteries,” says Marett. “And extra utilities are issuing RFPs and going to contract for storage-based grid providers than ever earlier than.”

Importantly, this VPP storage valuation development is just not occurring simply in California or Hawaii, however throughout many japanese seaboard states, gulf states, and elsewhere within the nation. For instance, in Washington, DC, built-in energy storage supplier Electriq Power in Could introduced a partnership with SEDC {Solar}, aiming to supply {solar} + storage methods to low and center earnings (LMI) owners, church buildings, and to companies within the area.

State storage packages develop

The mix of federal tax incentive, state incentives and utility incentives are making a charge of return for storage properly forward of the lifespan of the gear. “Mixed incentives are crossing the break-even level for storage, and when the return on funding is lower than eight years, prospects appear to be keen to undertake it,” suggests Sethi.

On the state degree, Hawaii residential battery installations are forecast to triple by the tip of 2026, in line with the newest U.S. Energy Storage Monitor report from the Energy Storage Affiliation and Wooden Mackenzie. That is due, largely, to Hawaii’s now-modern approach to utilizing residential storage for grid providers.

Nonetheless, it could be Connecticut, with its Energy Storage Options program to foster LMI adoption of {solar} and storage, that gives a replicable mannequin for different states to emulate. A 12 months in the past, Connecticut Governor Ned Lamont signed a regulation that established a state aim of deploying 1,000 MW of energy storage by 2030.

Then Connecticut’s Public Utilities Regulatory Authority (PURA) launched its Energy Storage Options program in January of this 12 months, with the aim of fostering 580 MW of residential energy storage by 2030. Program individuals embrace Connecticut Green Financial institution, and utilities Eversource and United Illuminating.

The Energy Storage Options program gives upfront incentives of as much as $7,500 for residential prospects to undertake energy storage, with a threshold of $200 per kWh. Equally, business and industrial prospects can faucet incentives as much as 50% of the price of storage set up. And LMI communities are eligible for added advantages.

Connecticut champions LMI market

PosiGen crew

Inside the Energy Storage Options program, built-in system supplier Generac is planning to supply 1,000 LMI properties with storage over the approaching 12 months at no up-front value, by means of a brand new partnership with PosiGen, the LMI leasing specialist. The mission then will unfold to the rest of PosiGen’s 4,000 present prospects within the state, in addition to to new prospects, says Ben Healey, PosiGen’s Chief Industrial Officer.

“Usually, storage is just not usually part of the {solar} worth proposition, since it could possibly erode financial savings,” says Healey. However in Connecticut, Generac will present each PWRcell battery storage and digital energy plant (VPP) software program — its Concerto distributed energy useful resource management platform — within the mission, which drives income for each companions primarily by means of grid providers, in line with Marett.

Whereas every PosiGen buyer dwelling in Connecticut may have its personal microgrid, there is no such thing as a aggregation of these prospects as a conventional neighborhood {solar} microgrid construction, with a single C&I off-taker. As an alternative, Concerto serves because the neighborhood DER administration platform, serving the utility. “Grid providers will present 80% of the income stream for the mission, and lease funds make up the remainder,” notes Healey.

“The potential for the replication of this mission in different jurisdictions is the important thing takeaway. The Connecticut grid providers mannequin might be exported to different territories and be used for financing {solar} and storage,” says Healey.

PosiGen is presently lively in Louisiana, Mississippi, Connecticut, New Jersey, Pennsylvania, New York, and Florida. “Inside a 12 months, we count on to be in twice as many states, with a 25% enhance of our put in base of 19,000 prospects,” says Marett.

PosiGen’s generic method to {solar} leasing is to avoid wasting the residential ratepayer not less than $50 a month, quite than providing a small financial savings share that may dwindle. Previous to putting in a {solar} system, the corporate routinely performs an energy audit of the house and installs energy effectivity gear — like LEDs and sensible thermostats — at no upfront value to the house owner.

“We received’t serve a buyer if we will’t save them cash” says Healey.

Charles W. Thurston is a contributor to {Solar} Builder.

Have you ever checked out our YouTube web page?

We’ve got a ton video interviews and extra content material on our YouTube web page. Lately we debuted Power Forward! — a collaboration with BayWa r.e. to debate greater degree trade matters in addition to greatest practices / tendencies for working a {solar} enterprise as we speak.

Our longer working facet mission is The Pitch — wherein we now have awkward discussions with {solar} producers and suppliers about their new know-how and concepts in order that you do not have to. We have discusses all the things from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new dwelling solar + storage microgrids.

We additionally submit our Project of the Year bulletins there! Interviews with this 12 months’s winners can be up beginning the week of Nov. 8. Head there and subscribe as we speak to remain on high of all this additional stuff.

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New interconnection ruling in California should get more solar connected to grid more quickly



Consumers Energy signs PPA for 300 MW of new Michigan solar power

Final week, the California Public Utilities Fee (CPUC) introduced a new decision that can simplify the interconnection course of for distributed energy sources (DER) like {solar} and storage.

For the primary time ever, the evaluate of DER tasks searching for interconnection in California will likely be primarily based on a mannequin of the situations on the grid, generally often called a internet hosting capability evaluation (HCA), and referred to in California because the Integration Capability Evaluation (ICA). This may substitute components of the ceaselessly imprecise “guidelines of thumb” used for the expedited screening course of that may end up in pricey, time-consuming, and infrequently pointless challenge evaluations. California has additionally eradicated limits on the scale of tasks which can be eligible for “quick observe” evaluate, growing entry to the expedited evaluate course of which is able to velocity up interconnection for eligible tasks.

The Interstate Renewable Energy Council (IREC) has been engaged on the the event of California’s ICA since 2014. A ruling in September 2020 established the intention to make the most of ICA within the state’s interconnection course of. Nonetheless, it has taken an extra two years to finalize particularly how that can work. Now, inside 45 days from Friday’s ruling, this new course of will lastly turn out to be out there to all DER tasks searching for to hook up with the grid.

“At the moment’s determination displays the fruits of years of dogged engagement by IREC to allow using cutting-edge approaches that simplify the interconnection course of so renewable energy may be deployed sooner and extra affordably,” stated Larry Sherwood, IREC President and CEO. “IREC applauds California in changing into the primary state to start utilizing internet hosting capability information to streamline and simplify the interconnection course of.”

The brand new course of will substitute the “15% of peak load” display screen, which has traditionally been used to judge if a challenge requires extra detailed evaluate to find out whether or not any grid upgrades are wanted earlier than it’s accepted to interconnect. Below the newly adopted guidelines, tasks that don’t exceed 90% of obtainable capability as proven within the ICA (a conservative buffer requested by utilities) will have the ability to cross the brand new display screen. Initiatives that don’t cross this improved display screen will likely be topic to supplemental evaluations; nevertheless, the rule adjustments additionally embody important enhancements to the supplemental evaluate course of which can be anticipated to permit a larger quantity of DERs to be built-in by the screening course of.

Additional improvements in California’s interconnection course of are nonetheless pending, together with a “restricted technology profile” strategy that might enable a DER (similar to a solar-plus-storage system) to design a system utilizing a technology profile to keep away from system constraints that come up throughout totally different months of the yr. This idea was accepted in a 2020 determination by the CPUC however a subsequent ruling on how will probably be applied continues to be pending.

“At the moment’s determination by the CPUC takes step one towards a vastly improved interconnection course of that higher displays the realities of the grid and makes it sooner and simpler to put in the degrees of unpolluted energy that will likely be wanted to achieve California’s decarbonization objectives,” stated Sky Stanfield, Companion at legislation agency Shute, Mihaly & Weinberger and legal professional for IREC on this continuing. “We stay up for the Fee finishing this course of with a future determination on the implementation of restricted technology profiles.”

The usage of internet hosting capability information additionally provides clear energy builders larger company to keep away from time-consuming and dear interconnection processes. Builders can discover the ICA map from the utility of their space (similar to this one from Southern California Edison) to establish preferable places for DER tasks the place there may be adequate extra capability for the challenge with out the necessity for a grid improve. The information proven on the map would be the similar information used to judge the challenge, minimizing the quantity of guesswork concerned within the interconnection course of.

Information merchandise from IREC

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