Yes, the 2016 forecast for solar in the US is staggering. This is a leftover from the many utility RFPs that expected an ITC stepdown. 2017 will normalize the growth back to where we would be. The peak in 2016 is causing some issues in the smaller markets especially around tax equity. Going from 7.3GW to 16GW requires more than double the tax equity and more residential with higher appraisals is adding to the strain. Corporations are looking at solar for their roofs, but the discussions I am having with many of you is making those corporations the tax investors as well. Because who doesn’t like making money on money that you were going to give to the IRS anyways.
- The Hill: Solar industry predicts ‘staggering’ growth this year
- PV-Magazine: E.ON and RWE report losses in fossil power generation as they turn to renewables
- PV-Tech: PV manufacturing capex to top US$5.3 billion in 2016
- Utility Dive: Florida Supreme Court skeptical on utility-backed solar amendment
- NRDC: Big plans for integrating renewable energy into China’s electricity grid
- EDF: Rural Electric Cooperatives Improve Energy Efficiency with On-Bill Financing
- Greenbiz: 4 ways to strengthen Bill Gates’ energy innovation push
- Buffalo News: ‘Massive’ opportunity ahead for residential solar
Opinion
Have a great day!
Yann