Goldman Sachs Becomes Solar Supplier to California CCAs as Its Acquisition Spree Continues

As for slewing drive the renewable power group of Goldman Photovoltaic holder Sachs Asset Management that acquired Recurrent's equity stake in the solar tracker actuator Mustang project, S&P solar damper solar inverter Global Market Intelligence reported in November solar tracker actuator that it was planning up solar slewing drive to 1 gigawatt of solar assets in 2019, according to several unnamed people with knowledge of its plans. 

With the slewing drive Mustang project, Goldman Sachs Asset Management has also put its money behind the first big California solar project built specifically for solar inverter community-choice aggregators (CCAs) — in this case, Sonoma solar slewing drive Clean Energy and Marin Clean Energy (now MCE), which buy its electricity under long-term power-purchase agreements (PPAs). The solar damper Mustang project was the first solar slewing drive utility-scale solar project fully contracted with solar inverter CCAs to Photovoltaic holder obtain non-recourse financing, in October 2015. 

Since then,solar slewing drive CCAs slewing drive have grown by leaps and bounds, with large-scale solar projects to match. Under current procurement trends, CCAs are increasing their current 2 gigawatts of renewables under contract solar tracker actuator by another gigawatt this year, and they are set to hit 10 gigawatts by solar inverter 2030, with an increasing amount coming in the form of Photovoltaic holder long-term solar inverter PPAs. 

In fact,slewing drive CCAs are cropping up so fast that PG&E, already in bankruptcy solar slewing drive due to its multibillion-dollar wildfire liabilities, has lost 2.4 million of its 5.4 million electricity customers to the 12 CCAs in its region, with more planned to open this year. And San Diego Gas & Electric, facing the impending departure of the solar tracker actuator city solar slewing drive of San Diego and about 40 Photovoltaic holder percent solar damper of its load to a CCA, has been reportedly solar inverter exploring a path to exit the energy procurement business.

Recurrent slewing drive highlighted slewing drive its leading role as Photovoltaic holder CCA solar power provider, solar slewing drive citing Wood Mackenzie Power solar tracker actuator & Renewables’ latest U.S. utility-scale solar research showing it with 42 percent of all signed electricity contracts with CCAs. That includes its 150-megawatt Mustang 2 solar project, which contracts 100 megawatts of power to CCA Peninsula Clean solar inverter Energy and 50 solar damper megawatts to the Modesto Irrigation District, and solar tracker actuator which Recurrent sold to Solar Frontier Americas in December. 

Beyond slewing drive being the first to sign their slewing drive own solar contracts, MCE and Peninsula Clean Energy solar inverter are also leading the solar inverter CCA pack in obtaining investment-grade credit ratings, another important step for bringing in the financing needed to match their big renewable energy goals. At the same time, the fact that CCAs are expected to procure the vast majority of the state’s future energy and capacity needs has alarmed some state regulators, and led to policy and legislative solar damper proposals that could expand the state’s regulatory oversight slewing drive of how CCAs Photovoltaic holder manage slewing drive their long-term solar slewing drive procurements.