Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

NREL Launches Initiative To Build Solar Performance Database

The US Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) has launched an initiative to build an open-source database of real-world performance from solar facilities across the country. As part of DOE’s SunShot Initiative, the Open Solar Performance and Reliability Clearinghouse (O-SPaRC) will give the private market tools to develop investment vehicles to tap low-cost public capital.

“The O-SPaRC dataset will provide the market with critical data on the long-term performance of residential and commercial solar facilities,” NREL Senior Financial Analyst Michael Mendelsohn said. “This is an important step to tapping the public capital markets and offers the potential to significantly lower the cost of solar energy.”

O-SPaRC will improve access to capital by enabling credit rating agencies and potential investors to assess the underlying risk of the asset class. It will also give the private market the tools to develop investment vehicles such as asset-backed securities, master limited partnerships, real estate investment trusts, and various debt products.

The work is funded by the DOE’s Office of Energy Efficiency and Renewable Energy. Other components of the project include standardization of solar contracts via the Solar Access to Public Capital (SAPC) working group and detailed analysis of the opportunities and barriers to finance solar energy development with public capital. NREL contracted with SunSpec Alliance to build the anonymous system-performance dataset. Visit the O-SPaRC sign-up page to participate.

NREL is the US Department of Energy’s primary national laboratory for renewable energy and energy efficiency research and development. NREL is operated for DOE by The Alliance for Sustainable Energy, LLC.

###

Visit NREL online at www.nrel.gov

 
 
 
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people, organizations, agencies, and companies.

Comments

You May Also Like

Clean Power

An ultrathin protective coating proves sufficient to protect a perovskite solar cell from the harmful effects of space and harden it against environmental factors...

Buildings

PR100 Update Provides Early Scenarios to Help Increase Renewable Energy Capabilities That Meet Electricity Demand, Improve Grid Reliability and Resilience, and Lower Energy Costs

Clean Power

Today, the National Offshore Wind Research and Development Consortium (NOWRDC) released a report identifying how the United States can develop a robust and equitable...

Batteries

The solid-state EV battery of the future is not quite there yet, but BMW Group has seen enough to nail down an R&D partnership...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.