San Francisco to bid on PG&E, the Colts go solar: pvMB 5/15/19

San Francisco to bid on PG&E, the Colts go solar: pvMB 5/15/19

Hello and welcome to your hump day pvMB. Today we'll be checking out EVGo breaking ground on a new Virginia fast-charging hub, Cool Earth Solar getting Sunpower's Dealer of the Year award SPI's new agriculture company and looming 5 MW project and much, much more. Buckle up!

San Francisco may just buy PG&E – The city of San Francisco is squaring up to make a bid for some of PG&E’s assets. And unlike CCAs which have taken over procurement alone, the city would buy up the distribution system assets as well, which is says would ensure supplies remain affordable, reliable and in compliance with climate goals. According to Bloomberg: The utilities commission would sell revenue bonds to buy the assets, pointing in the report to past successful offerings backed by its water systems. While the necessary capital “would be significant,” the report said it’s comparable to the city’s $4.8 billion overhaul of its water system. Bonds backed by the utility’s power revenue are rated AA, third highest, by S&P Global Ratings.” Source: Bloomberg


 


Indianapolis Colts to go solar – Another NFL team is getting in the solar mix, as Powerhome Solar has announced a partnership to set up solar arrays at the Indiana Farm Bureau Football Center, where the indianapolis Colts have their headquarters and practice facilities. This is Powerhome’s fifth partnership with an NFL franchise. It has not yet been made clear what capacity the installation will be. Source: Powerhome Solar


 


EVGo breaks ground on VA facility – EVgo and The Virginia Department of Environmental Quality have broken ground on an EV charging station in Vienna, VA. The project will start out with two 50 kW EVgo fast chargers capable of delivering up to 90 miles of range in 30 minutes. Source: EVGo


 


Cool Earth Solar gets Sunpower dealer of the year award – “Cool Earth Solar, a Pleasanton-based solar installer, has received the SunPower “Commercial National Dealer of the Year” award for its outstanding performance as a SunPower dealer in 2018. The “Commercial National Dealer of the Year” award honors SunPower commercial dealers in the United States that consistently put customers first, while demonstrating exceptional industry knowledge and leadership.” Source: Cool Earth Solar


 


SPI to create agriculture company, develop 5 MW in AZ –SPI Energy Co., Ltd. today announced SPI Investments Holding Limited, one of the Company’s wholly subsidiaries, Jacky Lo and Harbor Green Grain, L.P., entered into a series of agreements to form a joint venture incorporated in the Cayman Islands tentatively named Knight Holding Co. to explore the agriculture business for productions, sales or marketing of cotton, Alfalfa and other related agriculture products… Following the formation of Joint Venture and the closing of Issuance, SPI Investments shall provide such further reasonable assistance to KHC to enable the Joint Venture to build the storage warehouse in Arizona and develop solar power projects of up to 5 MW capacity on site.” Source: SPI Energy


 


And in case there is any question as to whether or not some parties were aware of where we were headed with CO2 levels:



This @exxonmobile chart from 1982 predicted that in 2019 our atmospheric CO2 level would reach about 415 parts per million, raising the global temperature roughly 0.9 degrees C.


Update: The world crossed the 415 ppm threshold this week and broke 0.9 degrees C in 2017 1/ pic.twitter.com/sLpOVkwzTF


— Tom Randall (@tsrandall) May 14, 2019