Growth by decline. The data comes out every year. Massive capacity growth across the world but lower capital deployment. With modules at low 30 cents, who would think that you can get more with less? Focus on the GW top line but also note that you’ll more deals to get your investors happy.
Enphase gets more money. Private capital into a public company doesn’t usually mean positive news but hey it’s solar and winter season is never pretty. On the other side, the investors are high end and Enphase makes a good product that needs more runway to get scale. The one piece of concern is the end of the article, some of the funds will be used to hire consultants on how to get more demand globally.
NV Energy goes for it again. First off, NV Energy policy folks need to listen to the EnergyWakeup podcast. We covered their overreach tactic this week here, but it seems that they continue to get bad advice from their lobbyists. NV Energy wants the PUC in Nevada to undo the net metering for the Northern part of the State. The policy was just put back into place in December. Maybe the company should focus on its baseload in the Casinos that continue to leave their service, solar on every home in the State wouldn’t get close to that kind of demand reduction.
Have a great day!
News
Opinions:
Have a great day!
Yann
EnergyWakeup. Your feedback has been incredible and hearing everyone’s positive thoughts on the podcast is great. If you haven’t caught episode 2, here it is. You can subscribe to it on iTunes, Souncloud or Stitcher radio.
Tillerson echoes corporate talking points. Rex Tillerson, the CEO of Exxon, has spent his entire professional career at Exxon. While Exxon is currently under investigation for covering up early climate science, the CEO was vocal at the time of the Paris climate deal signing that Exxon stood behind the international community’s deal. In a different arena, the US Senate hearing room, Tillerson did not go so far to back the accords but also failed to say that he would push the administration to withdraw. Even saying that the entire global community needs to work to fight climate change.
SunEdison drama continues. At this point it appears only the restructuring advisors and paid board members are making any money dragging this story out. Brookfield Asset Management is still interested in buying the yieldcos and replace SunEdison as the sponsor on the projects. Assuming that the offtakers and capital providers are okay with the qualified sponsor transfer, Brookfield is stepping into deals that only a few companies would be able to. That would explain the reason for offering a share price below the public market valuations.
A solar drone gets parked. Google had made an investment into Tital Aerospace to build a solar drone capable of beaming internet to the masses. That program is now shut down and most of the leadership has left the company. Facebook has also been working on a similar program actually getting a plane off the ground but not without some trouble. As battery costs come down, the efficiencies should make this sunshot a doable program.
Have a great day!
News
Opinions:
Have a great day!
Yann
A new EnergyWakeup. Stay tuned as a new episode gets released, an email will be sent as soon as it hits the airwaves. Remember to subscribe on iTunes and leave a rating.
SEIA moves ahead. Welcome Abby Hopper as the new CEO and President of SEIA. She takes over for Tom Kimbis who has been the interim President and will return to General Counsel and Executive Vice President. Hopper led the Bureau of Ocean Energy Management and prior to that the Maryland Energy Administration. She will start next week, just a few days before Donald Trump takes the oath of office.
The States reconsider. After making some anti-solar decisions, it seems that some blowback is occurring. Arizona and Nevada are going back to look at how to alleviate some of the tension. In Nevada that means looking at reinstatement of net metering in Las Vegas service area and Arizona has to fix the grandfathering rule is recently created. In our podcast, we cover how the baby step efforts to attack solar may be getting some traction.
More nuclear policy. Sometimes I get the feeling that nuclear policy may be the way solar gets some opportunities to advance its own policy across the Country. Whether it is DOE or at the State (see IL) and now NY, solar could grab on to some of the subsidy bills that work to bailout the operators. Look at this in the same way we identified the oil embargo as an opportunity to attach the ITC. Stay tuned on this.
Have a great day!
News
Opinions:
Have a great day!
Yann