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Home Page
Welcome to the website for the Solar and Solar paired with storage (“SPWS”) procurement programs (“Solar Procurement Programs”) issued by Duke Energy Carolinas, LLC (“DEC”)
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6 Frequently Asked Questions about “Photovoltaic energy storage system procurement”
Are application-specific battery energy storage systems a cost-effective procurement strategy?
Furthermore, the increasing adoption of application-specific battery energy storage systems (BESS) alongside utility-scale PV installations underscores the need for intelligent and cost-effective procurement strategies.
What is a PPA for new energy storage resources?
Some PPAs for new energy storage resources have been structured as capacity-only contracts in which the developer is responsible for the sale of energy and all costs associated therewith—including the costs of the required energy procured from the utility.
Can energy storage resources be financed on a nonrecourse basis?
Key Finance-ability Provisions: Energy storage resources may also be financed on a nonrecourse basis and, like any other project financed in such manner, will need to address issues upon which nonrecourse lenders will focus, including assignment, events of default, performance requirements, key dates, and collateral.
How do energy storage contracts work?
For standalone energy storage contracts, these are typically structured with a fixed monthly capacity payment plus some variable cost per megawatt hour (MWh) of throughput. For a combined renewables-plus-storage project, it may be structured with an energy-only price in lieu of a fixed monthly capacity payment.
Are solar manufacturers circumventing antidumping and countervailing duty orders?
The solar market was further constrained by an ongoing petition before the US Department of Commerce alleging that certain solar manufacturers in Southeast Asia were circumventing antidumping and countervailing duty (AD/CVD) orders on solar cells and modules from China.
How many utility-scale storage installations are there in 2022?
While total 2022 installations have not yet been reported, utility-scale storage installations in the second quarter were the largest quarter on record with 1,170 MW installed, despite significant delays in the market.