Another DG Deal. Days after a major DG acquisition, AltaGas is selling its 313MW portfolio to TerraForm. TerraForm is buying the diverse portfolio for $720million from the Canadian firm. The surprise for me was AltaGas having amassed that large of a C&I portfolio and I can’t recall them being active in development market. This goes to show that there is still quite a disconnect between potential owners/investors in C&I projects and those that are trying to put those deals together.
Texas Solar Growth. 8minute Solar is in the market with the sale of a 200MW project in Texas. Texas is quickly becoming the lowest cost of solar market for utility scale project and as long as the interconnection process continues while allowing synthetic energy products to be written by traders, development and investment will occur. Let’s hope that the ITC extension will keep that edge market going.
A Market Statement. Over the past few years, NextEra’s conference calls have been the canary in the coal mine when it comes to the view of the ‘market’. It started with coal will have a hard time competing with gas and solar with storage will make it hard for gas to find a home. Now the statement of 50% renewables by 2030 makes quite the splash because that is in line with some of the Green New Deal goals.
The NY Storage Market Starts. Different technology and the same fight. Who should own energy resources and while many utilities keep showing that they only care about the return to their shareholders by investing as much as possible, the market should reject this notion and let the competitive markets do their jobs. New Yorkers should embrace the ability of developers, property owners and energy users to make their own decisions. More on this topic is a podcast interview with the CCO of Engie Storage which drops today at 10am Pacific. Make sure you are subscribed to hear it first.
Asking FERC. Amy Harder spoke with all four commissioners at FERC. Some of the feedback is telling and some of it may be for the audience at 1600 Penn.
- Greentech Media: TerraForm Power to Invest $720M in Distributed Solar Portfolio
- Solar Power World: Duke Energy acquires its largest solar project yet
- CleanTechnica: NextEra Energy Predicts 50% Renewable Energy In US By 2030
- Utility Dive: ConEd, O&R seek to add at least 310 MW of bulk storage in pursuit of New York’s 3 GW target
- RenewEconomy: Who is going to manage and control rooftop solar, batteries and electric vehicles?
- Axios: Energy regulators divided over natural gas and climate change
- New York Times: California, Wary of More Wildfires, Is Paying for Them Already
- Vox: New York just passed the most ambitious climate target in the country
Opinion
Have a great day!
Yann