This is your SolarWakeup for February 19th, 2020

Here Is Your Job Report. For the first time in 3 years, solar jobs great by over 5,000 jobs. The jobs continue to be driven by DG market expansion in markets throughout the southeast and all of the new markets that have been popping up. Diversity continues to be an issue in solar and I hope to be able to host some conversations on how we can do a better job being a growing market for everyone. For more info, click today’s top story.

PG&E Earnings. Not so good, losses of over $3billion for the last quarter. Imagine a market where the company doesn’t get a guaranteed return on its monopoly.

Enphase Earnings. After hours yesterday, Enphase delivered results that the market found enticing (the stock was up over 11% in after hours markets). This was driven based on strong margins and market share gains. More write ups to come from analysts.

Don’t Fall For It. SMUD, the Sacramento Utility, is using its PR department to spin some falsehoods about the new home solar requirement in California. They are pushing for a way for community solar to be used instead of rooftop solar which is clearly out of bounds from the legislative effort. Keep your eyes on this.

South Dakota. Solar in South Dakota is going to get a link and a mention on this platform. I love new markets joining our market.

NIPSCO RFP. Indiana can have cheap solar and storage too, check out these results from the recent RFP that shows how close the energy markets are to getting rid of natural gas altogether. Any bid that includes ‘plus fuel and O&M costs’ is going to have a tough time competing against guaranteed pricing. 

Opinion

Best, Yann