Grid City Electric

Visa | January 15, 2020

Financial-services giant Visa says it has met its goal to use 100% renewable electricity by 2020 across its 131 offices in 76 countries and four global processing centers. Since setting the renewable goal in 2018, Visa V, +1.91% pursued a sustainable mix of renewable energy sources such as solar and wind. Globally, the average costs to generate electricity from solar photovoltaic and onshore wind both declined 13% year-on-year in 2018, according to the International Renewable Energy Agency.“At...

SOLAR+STORAGE

Duke Energy | June 23, 2021

Duke Energy is continuing to grow solar power in North Carolina, with the commencement of construction on its 22.6-megawatt (MW) Stony Knoll Solar power plant. It will be the biggest solar energy facility in Surry County when finished. Duke Energy Sustainable Solutions will own and operate the project. The project was chosen as part of the competitive bidding procedure created by North Carolina's solar law in 2017. Trina Solar bifacial modules with single-axis t...

Daily Energy Insider | April 16, 2020

DTE Electric Co.’s revised integrated resource plan (IRP) gained the approval of the Michigan Public Service Commission (MPSC) on Wednesday after the company integrated every recommendation the commission had previously made back in February. The IRP is DTE’s long-term strategy for providing reliable, cost-effective electric service to its customers over the next 15 years. The IRP is DTE’s long-term strategy for providing reliable, cost-effective electric service to its customers over the next 1...

CIT Group Inc. | July 08, 2020

CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as lead arranger on a $118.5 million financing for the utility-scale Harts Mill Solar project in Edgecombe County, North Carolina. The project is owned by Kayne Anderson Capital Advisors L.P., a leading alternative investment manager, and marks their first solar investment supplying the PJM Interconnection grid. Kayne has partnered with Birch Creek Development and Pine Gate Renewables, a successful utility-scale...