Category Archives: Financial

Battery Storage (BESS) Now Used on Most Utility Scale Projects

Since 2018 the trend has been for new Utility Scale solar projects to also include battery storage (BESS) systems. This is now used on almost all solar PV projects. This is because of these trends: Energy is most needed in … Continue reading

Posted in Financial, Power Purchase Agreement | Leave a comment

Lower PPA Prices Cause Changes in Financial Models

Recent sub $25/MWh PPA agreements on large solar projects throughout the US are causing changes in the financial models for investment groups. First shorter term PPAs are becoming more standard for 10 years or less.  In this first period it … Continue reading

Posted in Financial, Power Purchase Agreement | Tagged | Leave a comment

Distributed Generation Market Drivers

The Renewable Portfolio Standard requires retail sellers (defined as investor‐owned utilities, electric service providers, and community choice aggregators) to increase renewable energy as a percentage of their retail sales to 20 percent by 2010. State law also requires publicly owned utilities to implement the standard but gives them flexibility in developing specific targets and timelines. In November 2008, Governor Schwarzenegger raised California’s renewable energy goals to 33 percent by 2020 in his Executive Order S‐14‐08. In July 2009, the California Public Utilities Commission reported that the three investor‐owned utilities were supplying approximately 13 percent of their aggregated total sales from eligible renewable resources as of 2008, far below the 20 percent required by 2010. Publicly owned utilities are showing some progress in renewable energy procurement with expectations for the 15 largest publicly owned utilities of 12.4 percent of RPS eligible renewable retail sales by 2011, but this progress is still far short of the renewable target. Continue reading

Posted in Financial, Legislation | Tagged , , | 1 Comment