A San Francisco-based solar developer is giving itself 18 months to complete development work supporting the construction of some 113 megawatts of solar power generation.
Southern California Edison (SCE) has inked a series of long-term power purchase contracts to buy as much as 240 megawatts of solar power and some 19 megawatts of wind power. Continue reading Southern California Edison Purchases 240 MW of Solar Power
It’s a good news/bad news scenario right now for renewable project developers.
Banks are finally funding projects, but accessing that cash is difficult. Banks are requiring a signed, long-term power purchase agreement with a large utility and a cash-rich, A-rated blue-chip backer. Fulfill these two requirements and bankers will crack open the vault!
It’s a tall glass, to be sure, but this week we saw a perfect example of the kind of project that is succeeding in this environment: the 845-megawatt, Shepherds Flat wind farm in Oregon. The project has a hefty $1.3 billion price tag but its the model of a bankable project. GE is a part owner and is supplying the plant’s turbines and the power plant is also backed by a 20-year, fixed-price PPA with Southern California Edison. Continue reading The Week in Green Energy: The Bankable Project
A group of veteran renewable energy executives have launched a solar startup that has secured more than 1,000 megawatts of development acreage across California. Continue reading Renewable Energy Veterans Go Public With Solar Startup