Enphase Registers SunPower’s ENPH Shares. Last year, Enphase acquired the micro inverter business and IP from SunPower for some cash and stock while also receiving a 5 year supply agreement. (This is all in the public filings) SunPower’s shares are now registered by Enphase which means that SunPower could sell the shares if they wish.
Winning The States Though. Axios’ Amy Harder is right that Trump and Perry have tried quite a few tricks to help out nuclear energy. I would also say that State’s have done quite a bit that the DC folks would be supportive of including last week in Ohio which follows New York, New Jersey, Illinois and more. Rick Perry did head down to Georgia with over $3billion in the form of Solyndra loan guarantee dollars for the nuclear plant at Vogtle, over 6x the amount that Solyndra received.
Warren Goes Full Transition. Senator Warren has no more patience for the energy transition and is out with a public lands policy plan. The MA Senator is often out front with policy proposals and this one would halt new leases for drilling of any type while looking to increase renewable energy generation on public lands tenfold.
Inverse Condemnation. The PG&E saga’s next step happened today with the release of Governor Newsom’s Wildfire strike force plan. The 59 page document highlights the risks and costs of wildfires while also saying that something needs to happen with the financial risk caused by the natural disasters, regardless who causes them. The report also says that PG&E needs to do better and withholds an outright endorsement of the inverse condemnation which would pass the risk to consumers and taxpayers instead of shareholders. First, this is largely a reality because a regulated monopoly is almost worthless to the ecosystem without a good credit rating which at this point requires indemnity from wildfire risk. Second, with the political reality that this is bound to happen, I ask again, what is solar going to extract from this bailout of massive proportion?
Subscribe To The Pod. Make sure to go to your Apple Podcast app and subscribe to the SolarWakeup podcast and listen to the latest episode. Three new episodes are releasing this week alone and more to come!
- SEC: Enphase Prospectus On SunPower’s ENPH Shares
- Axios: Trump striking out on coal and nuclear energy
- Think Progress: Warren wants to open public lands to renewables, not fossil fuels
- RTO Insider: Calif. Must Limit Wildfire Liability, Governor Says
- Greentech Media: Vermont Utility Green Mountain Power Commits to 100% Renewables by 2030
- Renewable Energy World: PSC approves 5-fold solar expansion in Wisconsin
- PV-Tech: China’s new subsidy programme could support at least 30GW, says official
- Bloomberg: Starbucks Is Investing in Solar Farms and Buying Power From Others
Opinion
Have a great day!
Yann