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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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PG&E and Tesla Commence Construction on the Moss Landing Battery Energy Storage System

LCG, July 30, 2020--PG&E and Tesla have commenced construction of the 182.5-MW lithium-ion battery energy storage system (BESS) at PG&E's electric substation in Moss Landing in Monterey County, California.

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Industry News

Senate Retreats on Renewables Requirement

LCG, Apr. 25, 2002--The Senate yesterday voted for an amendment to a bill requiring utilities to buy renewable energy credits, cutting in half the price cap on payments utilities could make in place of mandated renewable energy purchases.

The bill, co-authored by Senate Energy and Natural Resources Committee Chairman Jeff Bingaman, D-N.M., allows utilities to buy renewable credits towards requirements for a minimum level of renewable purchases and generation provided to customers. By 2019, 10 percent of utilities' sales would be required to be renewable. The amendment, sponsored by Don Nickles, R-Okla., sets the cap at 1.5 cents per kilowatt-hour, rather than 3 cents per kilowatt-hour.

The cap was intended to limit the possibility of utilities having to pay high prices for renewable credits in lieu of high renewable costs. Nickles, who had the support of a range of business groups, called the amendment a correction to an "assault on ratepayers." Bingaman said the effect of the amendment would "make it much less likely that renewables other than wind...would be used to any significant degree. States relying on biomass, geothermal and solar would be in trouble." Renewable generation accounts for approximately 2% of the power market in the U.S., excluding hydropower.

Sen. Harry Reid, D-Nev., a supporter of the renewables requirement, thought that many utilities would decide to opt for buying the credits rather than renewable energy. A Senate vote on a comprehensive energy bill is expected today.
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