Investment manager Nephila Holdings Ltd. and insurance giant Allianz SE have banded together to offer an insurance policy of sorts to wind farm developers known as a “proxy revenue swap.” It’s a technical way of saying they’re guaranteeing that revenue from a farm will fall within a certain range.
This week JinkoSolar held an opening ceremony at its new manufacturing facility in Jacksonville, Florida. The facility made headlines when it was announced due to the fact that the Chinese company decided to set up manufacturing in the U.S. in response to solar tariffs that are put on solar cells and modules imported from China. To date, Jinko is the only Chinese-owned solar manufacturer to set up a facility in the U.S.
Unusually still weather in the upper Midwest and Great Plains in late 2018 has already taken a bite out of earnings at NextEra Energy Inc. and Avangrid Inc., which both operate large wind farms. Other wind generators have yet to report fourth-quarter results, including Pattern Energy Group Inc., TerraForm Power Inc. and Clearway Energy Inc.
The California-based utility requested that a federal bankruptcy court prevent FERC from enforcing the conditions of the more than 380 power purchase agreements (PPAs) that the utility may want to exit under its Chapter 11 bankruptcy filing.
Plenty of people, it seems, have plans for PG&E Corp. Even before the California utility giant filed for bankruptcy facing $30 billion in potential liabilities from wildfires, state regulators began studying whether it needed to be reformed, restructured or even taken over by the government. They asked interested parties -- city officials, unions, consumer groups and trade associations -- to chime in.
Details on the solar and battery storage components are still up in the air, but the wind farm itself was comfirmed to include 120 turbines manufactured by GE Renewable Energy Inc.
McCallum began serving on the POWERGEN International advisory committee in 2018 and chaired one session during the December conference in Orlando.
PG&E Corp. is seeking court protection to amend or cancel power purchase agreements with suppliers as part of its bankruptcy proceedings.
PG&E Corp., the beleaguered California utility giant that’s days away from a potential bankruptcy filing, just scrapped plans to renew the license for a small hydropower project, citing “challenging financial circumstances” among other things.
Facebook Inc. plans to light up a data center in Huntsville, Alabama, with power from the largest solar installations to be built in Tennessee and Alabama.