This Is The Climate Bill. The budget reconciliation bill was originally dubbed the societal benefits bill is taking on the mantle of a climate bill. Part of this is the push to get Arizona’s Senator Sinema to support the policy at a significant price tag and tease Senator Manchin with job training, reclamation and other energy related funding for West Virginia. Take me home, I say to this climate bill!
Community Solar’s Headline. Georgia’s Senator Ossoff has taken a focus to the solar industry, with Georgia taking leadership in solar manufacturing. Last week he hosted, Secretary Granholm as well as leaders from the solar space where the Secretary announced the plan to grow community solar to cover 5 million homes. For renters, lack of technical resource, or apartment dwellers, community solar does the good work of separating generation from offtaker. From a financing standpoint, it promotes a faster and more secure financing mechanism that doesn’t need a single mega off taker for a solar farm output.
A Pope’s Message. The Pope is canceling his attendance at COP26 in Glasgow but took time this week to speak to parliamentarians ahead of the UN climate conference. He emphasized that everyone has a role to play including political and government leaders and that society owes this commitment to young and future generations. He also met with Speaker Pelosi.
10 Years, Too Fast, Too Short. Senator King highlighted that the Biden goal for solar and clean energy production is fast and that utilities are rightfully calling it a tall order. That’s the Congressional issue with 10 year policies, that make it nearly impossible to push for legislation that outlines long term goals beyond that metric. So 10 years may be too fast, when it reality it’s the timeframe being too short for issues of climate’s magnitude.
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Gas Is The Talk. Natural gas pricing is skyrocketing, aimed to go even higher. Possibly as high as they’ve been this millennium. The global energy crunch is coming and the PR campaign to blame renewables is already starting. Interesting considering, gas capacity is as high as ever and it’s the commodity price alone that is creating the price impacts.
Energy Costs This Winter. The forecast for this winter is not pretty, some forecasting natural gas prices over $10/mmBtu. That is real money for families across the Country and takes money directly out of discretionary spending that would otherwise go into the economy.
SunPower Goes Vertical. With their quarterly earnings, SunPower announced it was buying Blue Raven Solar and looking to get out of C&I by potentially selling that division. Interesting to see the consolidation towards the Sunrun business model happening across the market.
Big Win By CALSSA. California’s Attorney General filed an answer to the CALSSA lawsuit in court yesterday, saying the regulator would delay implementation of their plan to make solar installer fulfill unnecessary licensing requirements. Last month, the solar trade organization had no choice but to respond by attacks on the industry by filing suit on the licensing issue. Fight is not over (it never is) and all focus temporarily goes to NEM 3.0 at the CPUC.
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