Opinion
Best, Yann
News
1 PV-Tech:
FTC Solar replaces CEO amid ‘tough operational environment’
2 Reuters:
Chevron would rather pay dividends than invest in wind and solar -CEO
3 Solar Power World:
Solar prices are up across all markets due to supply chain constraints, threat of new tariffs
4 Business Journals:
Wilsonville battery maker ESS looking at early October to complete SPAC IPO
5 Bloomberg:
Sunrun CEO Steps In Amid Blackouts, Trade Woes and Rising Prices
6 New York Times:
Climate Change Calls for Backup Power, and One Company Cashes In
7 Energy Storage News:
Illinois gets 100% clean energy policy, including ‘Coal to Solar and Storage’ funding
8 PV-Magazine:
Tracking the Sun report offers insight into distributed solar trends
Opinions:
9 Axios:
The precarious White House climate posture
Have a great day!
Yann
Opinion
Best, Yann
News
1 Energy Storage News:
Wood Mackenzie - US battery storage deployments worth US$5 billion forecast in record setting year
2 Reuters:
Biden says in Colorado that extreme weather will cost U.S. over $100 billion this year
3 Bloomberg:
U.S. Solar Gets More Expensive in Threat to Climate Change Fight
4 Axios:
New coal-fired power projects dwindle worldwide
5 PV-Tech:
Illinois climate bill to support nearly 10GW of solar PV by 2030
6 RMI:
Don’t Take Existing Energy Transition Funding for Granted
7 PV-Magazine:
SMUD proposal would cut net metering credits, impose interconnection fees
Opinions:
8 Utility Dive:
FERC wants state help on transmission policy. It should also ask about wholesale market reforms.
Have a great day!
Yann
The House Legislation. Draft legislation for the budget reconciliation bill was unveiled showing some details of the clean energy related tax credit. Some highlights include a 10 year extension at 30% for the ITC including stand alone storage as long as prevailing wage levels were paid. There is an adder if local content is used that can increase the tax credit. Projects under 1MW appear to be exempt from the requirements and look at a solid 30% for the next decade. All of this comes under the shadow of the Senate, where Manchin and Synema are taking center stage on what this actually looks like. With the tax increases also included as a pay for for the cost of the bill, expect many things to move if and before this is signed by the President.
Gas Price Rising. Gas prices rose again in August, trending the line up and to the right in the US but also in Europe. With cost competitiveness of gas power plants declining, the argument for the energy transition gets stronger and beyond the climate impact alone.
b>Illinois Gets It Done. The Illinois legislature has passed the Climate and Equitable Jobs Act which is sent to and expected to be signed by the Governor. The legislation is expected to add 4GW of wind, 4GW of utility scale solar and 5.8GW of rooftop and community solar. This comes after years of trying to expand the work done under the previous FEJA legislation that kicked off that local market.
The Auctions Like +Storage. Auctions, often used outside of the US, have been a good indicator of changes in the forward looking landscape. In Germany and the UK, generation plus storage is gaining major traction and adding significant pipeline. It is also expanding the growth of ancillary services for frequency regulation and other revenue stacking opportunities.
Gulf Coast Post Ida Coverage. See some of the post Ida coverage from the Gulf Coast. SPI may already have slipped your mind but remember the local community continues to rebuild. Solar and storage played a major role, where deployed, in keeping access to some utilities for those communities.
Opinion
News
1 PV-Tech:
10-year solar ITC extension, standalone storage credit and PTC revival included in draft budget bill
2 Reuters:
High gas prices demand creative climate thinking
3 Solar Power World:
Illinois’s renewable energy overhaul bill passes Senate and moves to Governor’s desk
4 Energy Storage News:
Wins for solar-plus-storage in tender ‘prove energy storage is integral to greener Germany’
5 Utility Dive:
New York directs utilities to submit transmission proposals as decarbonization deadline looms
6 Axios:
Ad wars intensify as Democrats' green energy plans take shape
7 PV-Magazine:
The world’s largest solar power plants
8 CBS Local:
Regulators question Entergy's transmission upgrades after 'catastrophic' failure
9 New York Times:
New Orleans Built a Power Plant to Prepare for Storms. It Sat Dark for 2 Days.
Opinions:
10 NOLA.com:
Rooftop solar systems survived Hurricane Ida; in blackout, some powered neighbors, too
Have a great day!
Yann
Opinion
Best, Yann
News
1 Politico:
Manchin suggests he may support a $1T-$1.5T spending agenda
2 CNBC:
Billionaire presidential candidate Tom Steyer launching climate investment fund
3 Solar Power World:
Total U.S. energy storage installs rise in Q2, but residential dips because of supply shortages
4 Bloomberg:
Working as a Solar Panel Installer
5 Vox:
What’s the worst that could happen?
6 Energy Storage News:
LG Energy Solution acquires former market leader NEC Energy Solutions
7 PV-Tech:
Heliene to set up 400MW mono PERC module production line in Minnesota
Opinions:
8 PV-Magazine:
Solar in uncommon spaces
Have a great day!
Yann
