Burbank Water and Power selects Tropos Networks for smart grid project, Survalent Technology installs SCADA system for Pearl River Valley Electric Power Association, Gemma Power Systems signs contract with Bishop Hill Energy, American Superconductor selects subcontractors for the Tres Amigas SuperStation transmission hub in Clovis, N.M., and more ...
Combined efforts bring mutual benefit.
Regardless of what drives the action — state regulation, federal policy, economic reality — collaboration between utilities and the solar industry is now becoming prevalent. Expanding definitions of utility solar business models represent a significant potential for solar market growth, and provide paths for others to follow.
Avoiding pitfalls, realizing benefits.
Unlike the first generation of domestically sourced plants, new reactors being built in America will draw from a global supply chain for a wide range of materials, equipment and services. This poses a more complex set of challenges, from obtaining talent and material to qualifying and validating product sources.
NRG buys Green Mountain Energy; Sempra divests domestic retail commodity operation, buys back $500 million in shares; TransCanada sells $1 billion in 10-year notes; Entergy floats $1.5 billion in four tranches; Exelon sells $900 million in two bond offerings; plus issues by Southern Company, Edison International, Nevada Power and CMS.
Former Pres. Bill Clinton and other dignitaries help Duke, Cisco and Charlotte, N.C., launch commercial efficiency initiative; AEP signs 20-year MOU to buy solar output from New Harvest plant; Wartsila expands gas-fired generator in Turkey; U.S. DOE awards geothermal RD&D grants; GE acquires Dresser for $3 billion, and also acquires Calnetix industrial cogen technology; SunEdison sells 70 MW Rovigo PV plant; Ford Motor Co.
Blackstone and NRG acquire Dynegy assets; Constellation grabs Boston Generating; Exelon gets Deere Renewables; plus details on nearly $7 billion in bond offerings during the month of August, including: a two-tranche, $2 billion issue by Chesapeake; NRG’s $1.1 billion flotation; and major issues from Sempra, Edison International, FPL, Detroit Edison, Dominion and others.
Utility deals resume after 18 months of austerity.
Utilities are taking advantage of a sweet spot in the capital markets, pre-funding and refinancing at record low rates. But cheap money won’t resolve overhanging uncertainties preventing cap-ex projects and M&A deals. Greater certainty in America’s economic and policy outlook will clear a path for strategic change.
New England grapples with excess capacity and rock-bottom prices.
“Corrosive.” “Seriously flawed.” On the “brink of market failure.”That’s what critics say about New England’s forward capacity market (FCM), whereby ISO New England conducts auctions to solicit offers from project developers to make electric capacity available three years into the future to meet anticipated regional demand.