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NY Green Bank – a division of the New York State Energy Research and Development Authority (NYSERDA) – announced this week a $314 million transaction in its first private capital raise to support clean energy project financing. The transaction with Bank of America is the largest ever conducted by a green bank in the United…

The Biden administration and leaders in the U.S. Congress unveiled details of the 2,700-page, bipartisan infrastructure package on Sunday that includes $550 billion in new spending. The deal is expected to move quickly – and is likely to change in many ways – before receiving final approval later this week. So, what’s in the deal…

August is often seen as the end of something, whether it’s winter in the southern hemisphere or summer in the north. It’s the return to school for some and the last call for a vacation to others. August, author Sue Monk Kidd wrote, is the “griddle where days just lay there and sizzle.” Hot, hot,…

The Indiana subsidiary of AES Corp. will acquire and oversee the building of a 250-MW solar and 180-MWh energy storage facility in that state. AES Indiana is acquiring the Petersburg Solar Project in Pike County, Ind., from NextEra Energy Resources LLC, a division of Florida-based NextEra Energy. NextEra will continue to develop and construct the…

By Shelley Robbins, Clean Energy Group As states and the federal government take steps to transition away from fossil fuel generation, it is important to pay attention to recent clean energy developments in states where energy legislation has historically been less proactive, and the traditional integrated utility monopoly model has held influence over the policymaking…

Originally published at ILSR.org Electricity customers are lining up to generate their own clean, affordable solar energy, but to get it to them, solar developers must navigate the impediments of a congested and outdated electricity grid. For this episode of the Local Energy Rules podcast, host John Farrell speaks with Yochi Zakai, an attorney with Shute, Mahaly,…

NextEra Energy – owner of Florida Power & Light, Gulf Power, and NextEra Energy Resources – added 1.8 gigawatts of renewables and storage to its backlog in the second quarter of 2021, the company reported last week. FPL made significant progress in Q2 on its plan to install 30 million solar panels by 2030, adding…

The Biden administration – through the Bureau of Ocean Energy Management (BOEM) – is advancing the process to bring offshore wind energy development to California and North Carolina. BOEM published a request for information from the public for commercial offshore wind in two new areas off central California – identified as the Morro Bay Call…

Calpine and GE Renewable Energy this month announced completion of a 80-MWh standalone battery storage system in southern California. The Santa Ana Storage Project, which uses GE’s Reservoir energy storage technology, entered into commercial operation. The 20-MW, 80-MWh capacity is supported by a 20-year Resource Adequacy Power Purchase Agreement. Calpine, which traditionally has been a…

By Michael Castellarin and Michael Andrisani It is a time of change and growth for the power and energy sector. One of the most important and challenging questions facing the world is how it can transition towards a more sustainable future with respect to energy generation and consumption. To make substantial progress, massive investments into…