Solar

Disruption on Wall Street

Financial executives contemplate the rise of distributed resources.

In a January 2013 report, EEI said fast-growing distributed energy could undermine the utility business model. Wall Street is paying attention.

Duke Energy Renewables, Integrys Solar, Canadian Solar and Community Energy Complete Solar Project in Massachusetts

Duke Energy Renewables, Integrys Solar, Canadian Solar, and Community Energy Solar completed a 3-MW solar power project in Berkley, Mass. The Berkley East Solar Power Project is co-owned by Canadian Solar and INDU Solar Holdings – a joint venture between subsidiaries of Duke Energy and of Integrys Energy Services. Taunton Municipal Lighting Plant will purchase the power generated from the project under a 25-year agreement.

Profit and the New Normal

Delivering value in a zero-growth market.

Disruptive technologies and resource shifts are changing the utility business model. Market factors are driving companies toward four possible paths.

Industry in Transition

Utility CEOs face disruptive trends.

Top executives at AEP, the California ISO, and El Paso Electric address key challenges and opportunities.

Minnesota PUC Adds PV Capacity Credit in Xcel Standby Tariff

Upon review of a load profile study submitted by Xcel Energy, the Minnesota Public Utilities Commission (PUC) found that “it is clear … that solar PV facilities contribute to Xcel’s capacity requirements and that the existing Standby Service tariff does not reflect that contribution.” The commission ruled that $5.15 per kW per month would be a reasonable, conservative interim rate to be paid to sellers in the form of a capacity credit.

Goldman Sachs Funds $500 Million for U.S. Rooftop Solar Leases

SolarCity raised lease financing from Goldman Sachs to fund more than $500 million in solar power projects ­– an estimated 110 MW in generation capacity – for homeowners and businesses. The agreement was initiated in 2012 and expanded per its initial terms at the end of April. Solar City says the combined lease financing is the largest of its kind announced in the U.S. for homeowners’ rooftops. About 26 MW has already been deployed under the lease program. 

Sempra Dedicates 150 MW First Phase of Arizona PV Project

Sempra U.S. Gas & Power dedicated the 150-MW first phase of the Mesquite Solar facility, located in Arlington, Ariz., about 40 miles west of Phoenix. Sempra says that when it’s complete, the Mesquite Solar Complex will be North America’s largest PV installation. Construction began in June 2011 Pacific Gas & Electric will purchase the output under a 20-year contract. With Mesquite 1 operating, Sempra U.S. Gas & Power’sportfolio reaches 300 MW. 

127-MG Utility-Scale Solar Installation Opens in Arizona

LS Power to officially open the Arlington Valley (AV) Solar II utility-scale installation in southwest Arizona. Kyocera Solar provided 25 MW of solar modules for the 127-MW PV installation. Block 1 of the five-section installation is now live, with the remaining sections expected to be completed in the fourth quarter of 2013. Once complete, the project’s 127-MW-generating capacity will place it among the largest solar PV installations in North America.