Residential Solar Brings Data. According to the latest update from SEIA, in its Solar Market Insight report, residential solar is growing at a rate nobody predicted. Q3, the market for residential grew 45% year over year installing over 700MW. This kind of growth means that 15 States had the highest rate of installation in history. Don’t expect the growth to slow, this is a result of market wide maturity and cost reductions created by the ecosystem even in an era where modules are double the global market cost.
Urgency Drives Person of the Year. When Greta Thunberg started striking by herself on behalf of climate change, not much was expected by her or of her. A year later the urgency she has brought to the discussion has caused politicians around the world to deride and belittle her because she’s young or otherwise naive about the way it is supposed to be. Like all good businesses, Thunberg has a sense of urgency, the time for action is now and not everyone can handle that. Greta is the Time Person of the Year for 2019, and we all win.
New Leader In Loan Market. Wood Mackenzie has Loanpal going to the top of the solar loan market with a continued presence for third party structures. If you want to know how this happened, look at the above paragraph about sense of urgency.
New York Making Changes. Net metering is going to go through some changes in New York but not before a year extension of the current regulations. This way the solar market can get used to the changes that will likely be accepted in the near future.
Today Is The Day. Congratulations to all that installed solar in California in the past decade. You contributed to the 1 million solar roofs initiative that Arnold is celebrating with CALSSA today.
- Time Magazine: 2019 Person Of The Year Greta Thunberg
- Greentech Media: Loanpal Now No. 1 in the Booming Solar Loan Market
- Utility Dive: New York outlines new ways to compensate distributed solar users as it looks beyond net metering
- Axios: The message behind Chevron’s $10 billion write-down
- PV-Magazine: Fed and state regulators are pressuring PURPA, responses are being filed
- PV-Tech: LatAm, Caribbean states enter global stage to pledge renewable surge
- Rocky Mountain Institute: Puerto Rico’s Electricity System at a Crossroads
- Bloomberg: Oil Company Baker Hughes Commits to 100% Clean Power in Texas
Opinion
Best, Yann