North Carolina Regulator Authorizes Recurrent Energy’s $107-Million Solar Project

North Carolina Regulator Authorizes Recurrent Energy’s $107-Million Solar Project

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The North Carolina Utilities Commission on Aug. 21 authorized a permit for Recurrent Energy LLC’s 75-megawatt solar facility in Cabarrus County, North Carolina. The project, expected to come online this year, has a 10-year power purchase agreement with Duke Energy Carolinas LLC. In May, Recurrent announced it has closed $106.7 million in financing for the…

New England Power Grid Sees No End to Worsening Winter Fuel Shortages

EnerKnol’s Visual Primer – New England Power Grid Sees No End to Worsening Winter Fuel Shortages

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The New England grid operator has identified fuel security as the most pressing issue affecting regional reliability and energy affordability. Growing dependence on natural gas for power generation has been a concern, particularly during winter when natural gas is largely used for heating. The retirement of nuclear, coal, and oil powered plants has pushed the region to rely on costly, carbon-intensive oil-fired units to meet peak demand.