As for the renewable power group of Goldman Sachs Asset Management that acquired Recurrent's coroa rotativa solar equity stake in the Mustang project, energia solar S&P Global atuador solar Market coroa rotativa solar Intelligence reported in November that it was planning up to 1 gigawatt of solar assets in 2019, according to several unnamed people coroa rotativa solar with knowledge of its plans.
With the módulo de giro Mustang project, Goldman energia solar Sachs Asset Management has módulo de giro also put its money behind the first big California solar project built atuador solar specifically for community-choice coroa rotativa solar aggregators (CCAs) — in this case, Sonoma Clean Energy and Marin Clean coroa rotativa solar Energy (now MCE), which buy inversor solar its electricity under long-term power-purchase agreements (PPAs). The Mustang project was the first utility-scale solar project fully contracted with CCAs módulo de giro to obtain non-recourse financing, in October 2015.
Since atuador solar then, CCAs energia solar have grown by leaps and bounds, with large-scale solar projects to match. Under módulo de giro current procurement trends, CCAs are increasing their inversor solar current 2 gigawatts of renewables under contract by another gigawatt this year, and they atuador solar are set to hit 10 coroa rotativa solar gigawatts by coroa rotativa solar 2030, inversor solar with an increasing amount módulo de giro coming in the form of long-term PPAs.
In fact, CCAs are cropping up so fast that energia solar PG&E, already in bankruptcy due to its multibillion-dollar wildfire liabilities, has lost 2.4 million of its 5.4 million electricity customers to the coroa rotativa solar 12 CCAs módulo de giro in its region, with more planned to open this year. And San Diego Gas & energia solar Electric, facing the impending departure of the city of San inversor solar Diego and about 40 percent of its atuador solar load to a CCA, has been reportedly exploring a path to exit the energy procurement business.
Recurrent highlighted its leading role as CCA solar power provider, citing Wood coroa rotativa solar Mackenzie Power energia solar & inversor solar Renewables’ latest energia solar U.S. utility-scale solar research showing it with 42 percent of all signed electricity inversor solar contracts with CCAs. That includes its 150-megawatt Mustang módulo de giro 2 solar project, which contracts 100 megawatts coroa rotativa solar of power módulo de giro to CCA Peninsula Clean Energy and 50 megawatts to the Modesto atuador solar Irrigation coroa rotativa solar District, and which Recurrent sold to Solar Frontier Americas in energia solar December.
Beyond being the first to sign atuador solar their own solar contracts, MCE and Peninsula coroa rotativa solar Clean inversor solar Energy are also leading the coroa rotativa solar CCA pack módulo de giro in obtaining investment-grade credit ratings, another important step for inversor solar bringing módulo de giro in the financing needed to match coroa rotativa solar their big renewable energy goals. At the same time, the fact that CCAs are módulo de giro expected to procure the vast majority of the state’s future energy and capacity needs has alarmed some state regulators, and led to inversor solar policy and legislative proposals that could expand the state’s regulatory oversight of how inversor solar CCAs manage their energia solar long-term atuador solar procurements.