Minimum Import Price? The section 232 on poly looks to be coming soon, at least it seems so by some companies’ stock price pops. With a likely MIP (minimum import price) on modules, the question comes on how it will drive domestic factories and does it need a 45x extension bill in order to really drive that. At what MIP will the market slow in a way that is painful or can the off taker market manage it, those are the questions I am hearing right now.
Base Power. A residential storage company is raising $1billion at a whopping valuation of $13billion and you may not have heard of it. They don’t really sell anything to the solar market but they provide storage as a service to consumers, somewhere around 600MWh or more touting a daily build rate of 100 units. With this raise the company is also building their own 40kWh storage unit and owning the vertical supply chain. At $13b, Base is worth nearly 3x Enphase but that’s a bit apples and oranges given the infrastructure play that Base is but begs to question whether Enphase should raise a couple billion dollars and own the assets too. Of course, with 8.6GW of solar and 4.3GWh of storage, at a value of $2.3billion, Sunrun may feel some resentment.
- Reuters: US weighs polysilicon price floor, tariffs to counter China in solar and chips
- PV-Magazine: Base Power launches 39.2 kWh U.S-made Base Core home battery, secures $1 billion in new funding
- Bloomberg: Solar’s Boom in Europe Is Reaching Places Once Deemed Too Dark
- Canary Media: Data centers take center stage in Wisconsin governor’s race
- New York Times: Plug-In Solar Panels Are Starting to Sprout in U.S. Backyards
- Utility Dive: Southern Co. contracted large load rises to 17 GW
- Axios: The grid’s climate stress test
- PV-Tech: T1 Energy, Clearway ink 641MW module supply deal using domestic cells
Opinion
Best, Yann