Tag: News
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Duke Energy to sell distributed generation business to ArcLight for $364 million
Duke Energy is selling its commercial distributed generation business to an affiliate of ArcLight Capital Partners LLC for an enterprise value of $364 million. The purchase agreement includes non-controlling tax equity interests. Duke expects approximately $259 million of proceeds from this transaction, which is subject to certain customary adjustments and will be received upon closing. This is Duke’s……
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DOE report shows clean energy jobs on the rise
Jobs in the clean energy industry grew by 3.9% last year, outpacing overall U.S. employment and all other forms of energy, according to the Department of Energy’s U.S. Energy & Employment Jobs Report (USEER). More than 18,000 new U.S. utility-scale clean energy jobs were added in 2022, bringing the total number of U.S. clean energy jobs……
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SolarBank begins construction on 5.9 MW community solar project in Manlius, N.Y.
Developer SolarBank Corp. has received permitting to begin construction of its 5.9 MWdc community solar project in Manlius, New York, for Solar Advocate Development LLC. SolarBank originated the site in Manlius and has completed an interconnection agreement with the utility company, and has obtained permits from the local authority having jurisdiction. Engineering and initial construction have commenced……
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‘Opportunity zones’ are just that for C&I solar installers
This piece comes via Aurora Solar. Federal opportunity zones, which offer tax benefits to qualifying businesses, are little known and not always well understood. But they can offer important advantages to solar companies, adding to solar tax benefits such as the Federal Investment Tax Credit (ITC). “Opportunity zones were created to promote economic development in……
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Frames of Steel: How Origami Solar plans to disrupt the global PV module market
Solar modules manufactured in the United States are comprised of many components made beyond U.S. borders. The polysilicon to solar cell supply chain is the most high-profile example, but PV glass (requires a special sand to produce), sealants, backsheets, aluminum frames and so on are just as highly concentrated in China and Southeast Asia. U.S.-based……