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Generate, a sustainable infrastructure company, yesterday announced it has raised $2 billion in corporate equity from institutional investors to accelerate the deployment of sustainable infrastructure. Existing investors AustralianSuper and QIC led the fundraising round with new investment from Harbert Management Corporation, Aware Super, and CBRE Caledon. Generate said the fundraising tapped many of the world’s…

Clearing the current queue backlog is the focus of the Southwest Power Pool (SPP) generator interconnection staff. However, they are missing a key long-term solution to address the root cause of backlog, identifying network upgrade costs for developers. Indeed, renewable energy (RE) developers could check if alternatives to network upgrades exist if these developers have…

Our new report finds that installing rooftop solar panels and community solar systems to serve the equivalent of 30 million American homes would create significant economic benefits — including 1.77 million jobs and $69 billion electricity bill savings over the next five years — while addressing the climate crisis and historic inequities. The report, “The National Impact…

El Salvador’s first wind farm, the 54-MW Ventus Wind Project, has been commissioned by Guatemalan power developer Tracia Network Corporation. Located in Metapán, the wind farm comprises 15 Vestas V136-3.6 turbines and was designed to help reduce the nation’s dependence on imported fossil fuels, provide greater stability in the price of energy and diversify the…

U.S. Secretary of Energy Jennifer M. Granholm today announced the U.S. Department of Energy’s (DOE) goal to reduce the cost of grid-scale, long-duration energy storage (of which pumped storage hydro is the largest source) by 90% within the decade. The second target within DOE’s Energy Earthshot Initiative, “Long Duration Storage Shot” sets goals to accelerate…

Yesterday, the Federal Energy Regulatory Commission (FERC) approved an Advanced Notice of Proposed Rulemaking (ANOPR) related to transmission reform. The ANOPR, titled Building for the Future Through Electric Regional Transmission Planning and Cost Allocation and Generator Interconnection, recognizes that the electricity system is changing with the addition of more and more renewable energy provided by…

Fuel cell technology firm Plug Power and Apex Clean Energy are partnering on a 345-MW wind power purchase agreement and development of a green hydrogen facility driven by the zero-carbon electricity. The 100-percent renewable energy PPA will supply a new hydrogen production plant being co-developed by Plug Power and Apex. Once operational, the hydrogen plant…

CleanCapital announced today that it has partnered with EPC and O&M provider Borrego to construct a 6.7-MW distributed generation solar project in Maine. The project will benefit from Maine’s Net Energy Billing (NEB) kWh Program and will sell power to residential off-takers at a fixed discount to the prevailing utility rate for a 20-year term.…

Clean Energy Group (CEG), a national nonprofit that works on clean energy and climate, announced the retirement of Lewis Milford, its founder and president. His retirement will become effective on December 31, 2021. Lew Milford founded CEG in 1998, after working over several years on clean energy and utility restructuring dockets in New England while…

Billions of dollars of investment flowing into renewable energy. A President pushing for solutions to combat climate change. Innovative technologies challenging the status quo. This is all very current, but it’s also exactly what happened in the first wave of renewables during the Obama administrations. For companies seeking success today in what’s shaping up to…