The second day at the BNEF Summit brought quite the crowd to the event to watch the speeches headlined by Michael Bloomberg and Secretary John Kerry. Kerry came across knowledgeable and polished as usual in a scripted speech. The speech included comments about how the industry has to look at energy investments with a long term vision that includes the societal costs. The “insurmountable cost in the long term” cannot be ignored when we make our investments while clean energy will bring trillions of investments to our sector.
Opinion
News
1 PV-Magazine:
Miracles take work - Day 2 of BNEF’s Future of Energy summit
2 Huffington Post:
Clean Energy Is Worth Trillions, John Kerry Says
3 NRDC:
The State of Clean Energy in Ohio - Thaw the Freeze, Create Well-Paying Jobs, "No Regrets" Strategies
4 Bloomberg:
First Solar Delays 2017 Guidance on Choppy Revenue Recognition
5 Grist:
Unpacking climate change’s $2.5 trillion impact
6 Utility Dive:
As RPS importance declines, 3 factors help drive growth for utility-scale solar
7 Greentech Media:
Why Does the Media Ignore Grid-Scale Solar in Africa?
8 NPR:
Solar And Wind Energy May Be Nice, But How Can We Store It?
Opinions:
9 Fastco Exist:
A Texan Solar CEO Who Wants To Eliminate Subsidies Is Now A Fox News Darling
Have a great day!
Yann
Bolder Action is what the New York Times Editorial Board is calling for by World leaders. After the first day of BloombergNEF Summit in New York, I am surprised at how much people were talking about the inspiring scale our industry is heading towards. I am also surprised at how little people were talking about Sunedison, and if they did, only with a joking sentiment. My only conclusion can be that many people expected the fast growth, super hype would come to an end at some point. The BNEF stats are phenomenal about what lies ahead for us, nicely covered in our second article today.
News
1 New York Times:
A Renewable Energy Boom
2 PV-Magazine:
Solar takes center stage at BNEF Future of Energy Summit
3 Bloomberg:
SunEdison Said to Seek Buyers for 1GW of India Solar Projects
4 Yahoo!:
TerraForm Global sues SunEdison, says misappropriated $231 million
5 Fox News:
Federal agency making waves in battery storage, energy tech innovation
6 Greentech Media:
Investor Lessons From the Past 12 Years
7 Solar Industry:
Investor Lessons From the Past 12 Years
8 Utility Dive:
Xcel Wisconsin requests another rate increase to cover clean energy, infrastructure investments
Opinions:
9 Forbes:
Coal Baron Blankenship's Downfall Corresponds To The Rise of Renewables
Have a great day!
Yann
I am not really changing the name! If you thought it was true, my apologies, but you fell for an April Fool’s joke.
The notice has come out though the official filing has not yet happened. Sunedison appears to be in talks with lenders to see it through the chapter 11 filings. Two lenders are in play, Deutsche Bank, and a few funds that participated in the latest debt raise. The stock is now nearing the single digits and it will take some time to unwind the projects and various business units. Stay tuned for much more.
News
1 Bloomberg:
SunEdison Plunges on Report of Plans to File for Bankruptcy
2 Forbes:
Troubled China Solar Firm Hanergy Posts $1.6B Loss As Uncertainty Deepens
3 Greentech Media:
A First Look at Amazon’s New Drone-Based Solar Installation Service
4 Renewable Energy World:
Community Solar Tipping Point
5 Think Progress:
Florida Will Vote This Year On Measure That Would Block Solar Leasing In The State
6 PV-Tech:
German government could miss own solar capacity target for third year in row
7 Greenbiz:
Will some states be left out of clean energy's economic boost?
8 Los Angeles Times:
Are you paying too much for a rooftop solar system?
Opinions:
9 Huffington Post:
The WSJ’s Long Record of Protecting Polluters
Have a great day!
Yann
These are the top 10 most read solar articles by your peers this week!
News
1 Bloomberg:
How Wall Street's Favorite Solar Company Spent Itself to the Brink
2 Wall Street Journal:
Solar-Panel Installers Face Clouded Future
3 Greentech Media:
SunEdison Moves Closer to Bankruptcy as Federal Officials Investigate the Struggling Solar Company
4 Fortune:
This Is Why Shares of SunEdison Probably Shouldn't Be Soaring Today
5 Vox:
Wind and solar are growing at a stunning pace (just not enough to stop climate change)
6 Grist:
This chart shows the United States’ mind-blowing clean energy potential
7 Solar Power World:
7 cool solar installations at U.S. airports
8 Republican Herald:
Rooftop solar becomes political football
9 Forbes:
The Very Odd Idea That Exxon Should Become A Renewable Energy Company
10 Las Vegas Review Journal:
Judge rules rooftop solar measure doesn’t qualify as referendum
The Top 10 is ranked by the number of SolarWakeup.com readers that clicked on the news article during the previous week. It is the poll of the most relevant solar news of the week as judged by your colleagues and competitors.
Have a great day!
Yann
