Are green buyers aware of the potential for negative energy prices during their 20-year VPPAs

pv magazine | March 13, 2019

In this op-ed for pv magazine, Dick Brooks of Reliable Energy Analytics takes a look at additional risks associated with long term energy contracts for corporate green buyers. The ever insightful Will Driscoll has created another interesting article aimed at educating green energy buyers of the risks associated with long term energy contracts. Citing a report from the Rocky Mountain Institute, Will points out that buyers of these contracts could face “significant financial downside” as more solar on the grid could drive down wholesale prices. So true Will! I also found the RMI blog associated with this report to be very insightful.

Spotlight

Argus has been publishing RINs prices in the US for 5 years and has emerged as the industry’s most respected publisher of biofuels market data. CME Group has chosen Argus RINs prices as the benchmark for a series of new derivatives markets listed on CME Nymex.

Spotlight

Argus has been publishing RINs prices in the US for 5 years and has emerged as the industry’s most respected publisher of biofuels market data. CME Group has chosen Argus RINs prices as the benchmark for a series of new derivatives markets listed on CME Nymex.

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ENERGY

Pattern Energy Completes Construction of Largest Single-Phase Renewable Energy Project in U.S. History

Pattern Energy | January 10, 2022

Pattern Energy Group LP (Pattern Energy) announced it has completed construction and begun commercial operation of its suite of Western Spirit Wind power projects. Western Spirit Wind is comprised of four wind power facilities totaling more than 1,050 megawatts (MW) located in Guadalupe, Lincoln, and Torrance Counties in central New Mexico. U.S. Senator Martin Heinrich said, "The largest renewable energy project in American history is now up and running – right here in New Mexico. Western Spirit encompasses four new utility-scale wind sites that connect rural communities in central New Mexico to local customers and other major energy markets beyond our state's borders. This project literally changed the map of our state's energy landscape, allowing New Mexico to help power our nation with clean electrons." Western Spirit Wind is a groundbreaking megaproject that demonstrates large-scale renewables can be developed and built in the United States. These projects create significant job opportunities and local economic investments. Western Spirit brought over 1,100 construction jobs to New Mexico, generated local spending, tax revenue and landowner payments in a remote area of New Mexico, and is now delivering enough renewable energy to meet the electricity needs of more than 900,000 Americans. The collaboration of our teams of workers around the state shows what can be achieved – building the largest single-phase wind project in U.S. history in less than one year – a truly remarkable achievement. This is just the beginning for New Mexico – Pattern Energy has committed to $6 billion in upcoming wind energy and related infrastructure projects in the state over the next decade. Together, we are building a cleaner and more sustainable future in New Mexico." Mike Garland, CEO of Pattern Energy The four wind power facilities that comprise Western Spirit Wind utilize a total of 377 GE wind turbines ranging from 2.3 to 2.8 MW in size. The GE turbines utilize various tower heights to optimize the wind capture at each facility. Western Spirit Wind was developed by Pattern Energy. Blattner Energy served as the construction contractor for the Western Spirit Wind projects. The wind project and accompanying transmission line involved more than 1,100 workers on-site during the 15-month construction period, including heavy equipment operators, electricians, laborers, and others. Going forward, more than 50 workers will operate and maintain the Western Spirit Wind facilities in New Mexico. Western Spirit Wind will have far-reaching economic benefits for the local area and is projected to provide an estimated $3 million per year for the three counties and two school districts in the project area. Stable, long-term funding directly contributes to improved quality of education, services, roads and first responder capabilities for the entire community. Western Spirit Wind will provide clean, renewable energy to California and New Mexico through long-term power purchase agreements with the Los Angeles Department of Water and Power, San José Clean Energy, East Bay Community Energy, California Choice Energy Authority and member cities, and international energy company Uniper Global Commodities. Western Spirit Wind will also provide power to New Mexico municipalities, including Los Alamos Department of Public Utilities, through the Uniper Global Commodities power purchase agreement. The wind power generated by Western Spirit Wind has a complementary generation profile to solar and typically delivers power around the clock. Western Spirit's wind power will provide resource diversification to western energy markets to help meet customer demand during the crucial early evening hours when demand is high but otherwise available renewable energy supply is typically low. Last month, Pattern Energy and the New Mexico Renewable Energy Transmission Authority (RETA) announced the completion of the Western Spirit Transmission line, enabling the suite of Western Spirit Wind projects to be connected to the grid. The 155-mile 345 kV transmission line, developed jointly by Pattern Energy and RETA, is delivering wind power from Western Spirit Wind in central New Mexico to the electric grid managed by Public Service Company of New Mexico (PNM) near Albuquerque. PNM owns and will operate the transmission line. About Pattern Energy Pattern Energy is one of the world's largest privately-owned developers and operators of wind, solar, transmission, and energy storage projects. Its operational portfolio includes 35 renewable energy facilities that use proven, best-in-class technology with an operating capacity of more than 5,900 MW in the United States, Canada, Japan, and Mexico. Pattern Energy is guided by a long-term commitment to serve customers, protect the environment, and strengthen communities.

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First Solar power facility becomes world’s first to deliver grid services

Power-technology | August 24, 2020

First Solar has named one of its power plants as the world’s first licensed utility-scale solar facility to commercially deliver ancillary grid services. The US-based photovoltaic (PV) solutions provider has said its Luz del Norte facility will now deliver a range of grid services, including automatic generation control. Coordinador Eléctrico Nacional, an independent system operator (ISO) in Chile, has added the facility to its portfolio of large-scale power generators. Chile Ministry of Energy environmental head Carlos Barria said: “We are very pleased with this achievement as this increases the spectrum of technologies capable of providing the services needed to maintain a safe and reliable operation of the electrical system. “These demonstrated capabilities are in line with our plans in integrating higher levels of renewable energy in our grid, which will enable us to achieve our goal to phase out coal-fired power plants by 2040 and to be carbon neutral by 2050.”

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SOLAR+STORAGE

Tesla Solar Roof and Solar Panels will be Sold Solely as Part of a Kit that Includes Powerwall Batteries

Tesla | April 22, 2021

In ongoing remarks on Twitter, Elon Musk declared that Tesla's Solar Roof and conventional sun-oriented boards would now be sold distinctly as an incorporated item with the Powerwall, the organization's well-known private battery framework. Tesla would begin selling the packaged private energy items starting one week from now. In a later tweet, Musk referenced that having a coordinated sun-oriented and battery framework should introduce a few benefits, for example, a more consistent establishment measure. The Powerwall battery would likewise only interface between the utility meter and the home's fundamental breaker boards, giving clients reinforcement energy simply if a blackout follows. "Sun-based force will take care of solely to Powerwall. Powerwall will interface just between the utility meter and house principle breaker board, empowering very straightforward introduce and consistent entire house reinforcement during utility dropouts," Musk composed. The Tesla Powerwall remains as quite possibly the most mainstream private battery frameworks on the lookout, somewhat because of the way that it offers the most affordable stockpiling alternative on a for each kWh put away premise, according to information from EnergySage in its 11th semiannual Solar Marketplace Intel Report. Taking into account that the interest for the battery has brought about considerable delay times for Powerwall clients, Tesla's choice to sell the energy stockpiling framework with sunlight-based items bodes well. Musk's new updates came not long after a Twitter connection with ARK Invest Director of Research Brett Winton, who depicted the momentum circumstance with his Tesla close planetary system. As per the expert, his sun-oriented + Powerwall arrangement has not created a solitary watt-hour since its establishment back in January, just because the utility has not affirmed the association. In his reaction, Musk noticed that utility authorization is ordinarily required when the Powerwall is full and equipped for settling the lattice. Tesla's Solar Roof tiles have been the subject of a few news stories lately, incompletely because of reports from clients who noticed that their framework's assessments have seen an outstanding cost increment. The cost increments are huge, with one client disclosing to Ars Technica that their Solar Roof quote had been refreshed from its underlying appraisal of $66,000 to an undeniably more costly $87,000. "Tesla has reneged on its sun-based rooftop contracts and has raised the costs for individuals (like me) who have effectively marked an agreement with them," the Solar Roof client noted. Tesla has not given insights concerning these revealed cost increments, however, the organization's online expense assessor for the Solar Roof currently gets some information about their rooftop's "intricacy," which considers factors like pitch, number of joints, chimney stacks, and different highlights. Tesla additionally featured in its online expense assessor that "mind-boggling rooftops take additional time and material to introduce than straightforward rooftops."

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