A new report, “LNG and Renewable Power: Risk and Opportunity in a Changing World,” by economists at global consulting firm The Brattle Group finds that competition between renewable power and gas-fired generation using liquefied natural gas (LNG) from North America is increasing in overseas markets as a result of declining renewable power costs.- Sullivan Solar Power recently installed a solar PV system at National Association of Music Merchants‘ headquarters in Carlsbad, Calif. Six solar carport structures were installed to not only provide shade for vehicles, but also to eliminate 73 percent of the organization’s energy needs. Sullivan Solar Power designed and installed 714 locally manufactured Kyocera solar panels. The 235,950-Watt solar power system will provide the organization an annual savings of $56,000.
- Southern California Edison (SCE) has received the green light from state regulators to begin a pilot project to support installation of as many as 1,500 electric vehicle charging stations within its service territory. The California Public Utilities Commission’s approval clears the way for SCE to begin implementing its $22 million “Charge Ready” program to get more electric vehicle charging stations installed in locations where people park their cars for extended periods of time.
- Green Charge Networks has announced $20 million in non-recourse project finance debt plus a $30 million accordion from Ares Capital Corporation. The financing will be used to fund Green Charge’s rapidly growing Power Efficiency Agreement portfolio that includes equipment, construction, operations and maintenance of behind-the-meter projects. Green Charge has more than 31.3 megawatt hours of energy storage projects in operation or under construction ranging from school districts, retail, governments and utilities. Green Charge’s projects are the energy storage industry’s first to be financed through non-recourse debt.
