On Monday, April 8, 2019, on the last day of the Maryland Legislative Session, the Clean Energy Jobs Act was passed in both houses of the Maryland Legislature. The act requires an increase in the state’s Renewable Portfolio Standard (RPS) to 50% by 2030, including a... Read more »
More and more companies around the world are voluntarily and actively procuring renewable energy through power purchase agreements. This trend is set to continue in the coming decade, as companies will need to continue to purchase significant amounts of renewable energy to achieve their often ambitious... Read more »
RICHMOND, Va., April 25, 2019 /PRNewswire/ -- Urban Grid, a leading developer of solar projects throughout the United States, is pleased to announce that NextEnergy Capital through their fund NextPower III, has acquired two of our solar development projects, totaling approximately 46MWp/34MWac, in Henrico County and Westmoreland County, VA. The two solar projects, Briel... Read more »
As a large organization, a Power Purchase Agreement (PPA) is often the most accessible and effective way for an organization to procure large amounts of renewable energy. The two most common types of PPAs are sleeved PPAs and Virtual Power Purchase Agreements (VPPAs). According to the... Read more »
Virtual Power Purchase Agreements (VPPAs) have become an attractive tool for corporate renewable energy procurement. They provide an opportunity to purchase renewables at a meaningful scale, allowing organizations the chance to make impactful progress towards their sustainability and carbon reduction goals. There are many benefits to... Read more »
For renewable energy buyers looking to demonstrate leadership by increasing the effectiveness of their sustainability projects, understanding the importance of additionality is critical. What Is Additionality? Additionality is a term adopted by the renewable energy industry to describe when an organization’s power purchase agreement (PPA) has the... Read more »
Virtual Power Purchase Agreements (VPPAs), also known as Synthetic Power Purchase Agreements or Contract for Differences, are a popular kind of renewable energy contracting structure that provides a financial hedge against future energy fluctuations. The structure supports bringing new, clean renewable energy onto the grid on... Read more »
BEFORE THE PUBLIC SERVICE COMMISSION OF MARYLAND IN THE MATTER OF THE APPLICATION OF MORGNEC ROAD SOLAR, LLC FOR A CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY TO CONSTRUCT A 45 MW SOLAR PHOTOVOLTAIC GENERATING FACILITY IN KENT COUNTY, MARYLAND CASE NO. 9499 POSTPONED HEARING NOTICE Regarding the captioned matter, the pre-hearing conference that was... Read more »
The increased attention to carbon footprint and adoption of sustainability commitments have led to massive increases in demand for renewables among commercial, industrial and institutional customers. Innovations in the structuring of renewable energy power purchase agreements have drastically increased the accessibility of renewable energy projects to... Read more »
The development of utility-scale solar projects is a long and complex process, requiring extensive expertise. Urban Grid provides fully integrated solutions to bring a utility-scale solar project from conception to construction which involves six key steps discussed below. Key Steps of the Utility-Scale Solar Project Development... Read more »