Last week, US residential photo voltaic and storage installer Sunnova introduced it has secured a place of 85 megawatts within the latest ISO-New England Forward Capacity Auction (FCA15). Sunnova’s aggregated residential photo voltaic portfolio will provide aggressive renewable power capability to assist meet the area’s future power wants. The firm expects the entire portfolio to start taking part with the FCA15 dedication yr starting June 2024.
Overall, Sunnova’s dedication priced at practically $three/kW-mo throughout the area. The firm expects the first-year worth to be roughly $2 million and the gross worth throughout the time period to be roughly $38 million. The closing pricing for FCA15 elevated from prior years with techniques within the surrounding Boston space (Northeast Massachusetts and Boston, Southeast Massachusetts, and Rhode Island) securing $three.98/kW-mo, Connecticut and Western Massachusetts clearing $2.61/kW-mo, and New Hampshire pricing at $2.48/kW-mo.
“Our capacity to win capability in a competitively priced public sale with the biggest aggregation of distributed renewables to this point demonstrates our dedication to main the power transition within the area,” mentioned William J. (John) Berger, Chief Executive Officer of Sunnova. “More importantly, Sunnova is trying ahead to supporting ISO-NE on its path to a clear resilient grid and offering householders with the reasonably priced and dependable power they deserve.”
“Sunnova’s continued excessive progress in New England, and our robust supplier relationships allowed us to bid tens of 1000’s of recent rooftop photo voltaic providers into the public sale,” mentioned Michael Grasso, EVP and Chief Marketing Officer of Sunnova. “The participation of Sunnova’s portfolio secures the long-term involvement of our property within the New England capability program.”
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