First Solar Awarded Largest Loan Guarantee Program
First Solar has recently received some major funding from the US Government. The US Department of Energy announced on Thursday three loan guarantee offerings, totaling about $3.73 billion for First Solar’s three photovoltaic power plants in California. These three loans make First Solar the largest solar beneficiary of a federal renewable energy loan guarantee program.
Recently, First Solar has devoted a great deal of time and money to becoming a solar farm developer. This company is said to receive a guarantee for a $680 million loan for the 230 MW Antelope Valley Solar Ranch 1 project, partial guarantees for $1.88 billion in loans for the 550 MW Desert Sunlight project and partial guarantees for $1.93 billion in loans for the 550 MW Topaz Solar project. Electricity from these projects will go to utilities Pacific Gas and Electric Co and Southern California Edison, says Gigaom.
Ted Meyer, vice president of corporate communications at First Solar, says the $680 million loan guarantee for Antelope Valley Solar will translate into a loan of the same amount from the Treasury-run Federal Financing Bank, says Gigaom. First Solar will be using its cadmium-telluride solar panels for all of the solar farms and it will also be overseeing their construction.
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These three loan guarantees are a huge step forward for First Solar who is now proud to be the biggest recipient of the loan guarantee program. This loan guarantee program was created by Congress through the 2009 stimulus package in an effort to boost job creation and clean power generation. So far, the program has offered more than $16 billion guarantees for 15 solar power generation projects. For example, just last week the DOE announced a guarantee for up to $1.12 billion for the country’s largest rooftop solar project.
Awesense launches digital clean energy marketplace
Awesense has launched what it claims is the only energy-focused repository of solutions built to drive the industry's decarbonization agenda.
The Awesense Marketplace aims to provide a common framework for companies to collaborate towards the future of clean energy and digital transformation, uniting applications, solutions and algorithms to solve energy and grid challenges.
Solutions listed on the marketplace cover a range of cases, and launch companies include Doosan GridTech, Kitu Systems, vadiMAP, LO3 Energy, ENGIN, Utilidata, Clir Renewables, ChargeLab, SensorLink, Exeri, Easy SmartGrid, and Athena Power.
“We are welcoming a new era in the decarbonization of energy systems,” said Mischa Steiner, CEO of Awesense. “The goal of achieving a clean energy future requires collaboration amongst key industry players in the utilities and energy sectors. Sharing resources through the Marketplace means that our customers and partners have a truly seamless approach as we work towards our common goal - ultimately, decarbonizing the world’s energy system.”
Utilities, consulting companies, and other organizations struggle to develop solutions that can be scaled across many jurisdictions due to complex data integration and the lack of a standard, open data model. Using the solutions offered throughout the Marketplace, organizations can rapidly accelerate their transition to a decentralized, decarbonized future and develop solutions that are scalable across industry. The platform will open up new revenue streams in areas such as:
Distributed energy resource integration and control
Electric vehicle charging
Demand response and smart-home management
Intelligent asset management
Advanced distribution system management
The new marketplace builds on Awesense's Digital Energy Platform, a digital twin based energy analytics platform that allows utilities to scale at the same pace as the rapidly changing technology landscape of the energy grid.
Together, the Open Energy Data Model and the Awesense Marketplace removes hurdles around data mapping and transformation, expedites data preparation and refining, and provides a common framework for companies to collaborate.
“The energy-specific data model allows utilities, technology companies, consulting firms, and other vendors to build solutions that can be easily integrated by other energy companies, to make a real impact on the industry as a whole, and develop new revenue streams for their organizations” said Steiner. “We’re looking forward to seeing the Awesense Marketplace grow as more partners committed to energy decarbonization join us.”
There are no simple solutions to putting the world on a sustainable path to net-zero emissions, according to the IEA. Reducing global CO2 emissions will require "a broad range of different technologies working across all sectors of the economy in various combinations and applications." it notes.
Renewable Energy Hub of South Australia formed
Amp Power Australia has established the Renewable Energy Hub of South Australia, a strategic portfolio of large scale integrated Solar PV, Wind and Battery Energy Storage assets located in South Australia. The hub also includes the siting of the Spencer Gulf Hydrogen Energy Ecoplex, forming part of the South Australian Government's Hydrogen Action Plan.
The portfolio, acquired from EPS, includes three large Solar PV projects totalling over 1.3 GW of generation, located at Robertstown (636 MW), Bungama (336MW) and Yoorndoo Ilga (388MW) with a total BESS capacity of up to 540MW across the portfolio.
Amp's expansion in Australia will include the implementation of Amp X, a proprietary digital energy platform 100% owned by Amp, which provides a diverse portfolio of disruptive and interoperable grid edge solutions, and includes a smart transformer, which enables real-time autonomous management and optimised dispatch of all forms of distributed generation and loads across the grid.
Palmetto recently opened its marketplace in Arizona, and is now serving 20 states across the country, claiming its proprietary technology, marketplace business model, and consumer mobile application "are all designed to democratize access to clean energy".