Blog

Lightsource bp said it closed on a $533 million multi-project financing package and started construction on its 345 MW Ventress Solar project some 30 miles northwest of Baton Rouge in Pointe Coupee Parish, Louisiana.  Lightsource bp will build, own and operate the facility and sell the energy to McDonald’s Corp. and eBay Inc. under long-term…

By Mike Caitlin, Associated Press TRENTON, N.J. (AP) — The federal government will lease an area larger than half the size of Rhode Island off New Jersey’s and New York’s coasts for wind power development, the first offshore lease in the Biden Administration, Interior Secretary Deb Haaland announced January 12. The Bureau of Ocean Energy…

Salt River Project is partnering with a NextEra Energy unit to add a 100 MW battery to its existing 100 MW solar plant, Saint Solar. The battery, expected to be operational in mid-2023, will provide four hours of capacity. Saint Solar, located in Coolidge, Arizona, is owned and operated by a unit of NextEra Energy.…

Tesla’s Elon Musk and solar evangelist Bill Walton called on California officials to reject proposed changes to the state’s residential solar rooftop rules. Not mincing words, Musk called the proposal a “bizarre anti-environment move” by state regulators. Tesla launched a web page for customers to use to voice their opposition to the plan to Governor…

Investment platform Lafayette Square and renewable energy developer Invenergy launched Reactivate, a community solar energy platform to support renewable energy development in local communities. The partners will provide capital, technical assistance, and executives to build and operate Reactivate. The company expects to finance, acquire, develop, and operate solar energy projects primarily serving low-to-moderate income (LMI) communities and…

Global Infrastructure Partners (GIP) and co-investors closed on a $500 million investment in independent power producer BrightNight, LLC, a Florida-based solar and energy storage developer. The investment includes preferred equity and a letter of credit facility. GIP made the investment through Global Infrastructure Partners Capital Solutions Fund II (GIP CAPS II). The preferred equity will fund BrightNight’s…

Startup Delorean Power LLC said that Greenbacker Capital Management made a $20 million strategic equity investment into the company. Delorean is a developer and owner-operator of standalone battery energy storage projects up to 250 MW in size in the United States. In addition to the Greenbacker investment, Delorean said it is working to raise a…

Concept drawing of an energy storage system. Battery storage is having its moment in the sun. In its most recent Electricity Monthly Update, the U.S. Energy Information Administration said that when it totals up the numbers for 2021, it expects they will show that battery storage capacity grew by 4.5 GW, or 300%, in the…

Hydrostor is getting a boost for its long-term energy storage projects. Goldman Sachs is investing $250 million to help the company build more than 1 GW/8.7GWh of its Advanced Compressed Air Energy Storage (A-CAES) projects in California and Australia. Some development is already underway. Hydrostor’s A-CAES process uses renewable energy or power from the grid…

The U.S. Energy Information Administration (EIA) says nearly half of planned capacity additions in 2022 will be solar energy resources. EIA said it expects 46.1 GW of new utility-scale generating capacity to be added to the U.S. power grid this year. Around 21.5 GW (46%) of that would be from solar projects, 9.6 GW (21%)…