Huge day for solar! At 9:30am, the team from Sunrun will be ringing the bell at the NASDAQ as the stock is expected to price at around $14 per share. The first trade will be expected around 10am under the ticker “RUN”. It’s not easy to get a solar company off the ground and take it public, huge shout out to Ed Fenster and Lynn Jurich for leading their team to this latest round of financing. The celebration will not last long as you can see in the remaining stories today, net metering attacks in California, Arizona, and Nevada continue, some of the largest markets for the company and residential solar.
Opinions
News
1 Wall Street Journal:
Sunrun Inc. Prices IPO at $14 a Share
2 Greentech Media:
California Utilities Release New Plans to Replace Net Metering - Conflict to Come?
3 Crain’s Detroit Business:
DTE supports updating Michigan's solar power net metering rules
4 Arizona Central:
Ruling could delay APS request for higher solar-user fees
5 MIT:
Clinton vs. Obama on Renewables
6 Solar Industry Magazine:
New York's Shared Renewables Order Removes A Barrier To Community Solar
7 Utility Dive:
With $1M given, NextEra among largest donors to Jeb Bush Super PAC
8 Reno Gazette Journal:
Solar industry trying to get around legislative process, Farley says
Opinions:
9 Tampa Bay Times:
Trigaux - TECO pursuit of solar despite potential sale is curious timing
Have a great day!
Yann
As the President launched the final Clean Power Plan, opponents of the plan fell all over each other to make their case against it. Funny thing about the Plan. Page 637, highlighted thanks to Politico’s Mike Grunwald, says it best. “Consistent with what their [renewable generation] trends would be in absence of the rule”, the economic drivers of renewables are a factor so great that solar would reach its growth regardless. Tomorrow is another good day for solar as Sunrun will be heading to New York City to celebrate its IPO according to the NASDAQ website.
News
1 The White House:
Climate Change And President Obama's Action Plan
2 Bloomberg:
Wind, Solar Cheer as Coal Vows Battle on Obama’s Energy Plan
3 Grist:
Here’s what the presidential candidates think of Obama’s climate plan
4 PV-Magazine:
Residential solar market remains the most attractive, says Deutsche Bank
5 Utility Dive:
'Tipping point' for FL solar? Orlando utility buys at under fossil generation prices
6 Reno Gazette-Journal:
Net metering battle heats up as NV Energy proposes reduction in credits
7 PV-Tech:
TerraForm IPO price to generate US$675 million in proceeds
8 Washington Post:
Solar power gets attention in the oil kingdom
Opinions:
9 Energy Collective:
Are Small Changes Eating Away at Net Metering?
Have a great day!
Yann
The President will be launching the final Climate Plan tomorrow which will be more aggressive than the proposed plan. Tomorrow you will see where industries stand when it comes to the 21st Century Energy economy. Utilities often speak of their “responsibility to serve”, covered by the guaranteed rates of return in the double digits by providing sub par customer service to millions of customers. I think the “responsibility to serve” will have to transition to the “opportunity to serve” for the evolution of the energy sector. Just take a look at the EEI statement on the topic. More to come about EEI this week.
Opinions
News
1 New York Times:
Obama to Unveil Tougher Climate Plan With His Legacy in Mind
2 Solar Love:
Clean Power Plan Will Lower Electric Bills, Study Says
3 Think Progress:
This Kind Of Electricity Provider Is Already Integrating Renewables
4 PV-Tech:
Saudi Electric Company project dips under five cents per kWh
5 PV-Magazine:
Germany - PV tender extended rooftops above 1 MW
6 Bloomberg:
Wind and Solar Cheer as Coal Vows Battle on Obama’s Energy Plan
7 Slate:
The Miracle of SolarCity
8 Solar Power Portal:
Solar Power Portal launches ‘Building a British Solar Future’ campaign
Opinions:
9 Motley Fool:
Are Utilities Finally Falling in Love With Solar?
Have a great day!
Yann
These are the top 10 most read solar articles by your peers this week!
News
1 Forbes:
3 Things To Know About SolarCity's Financial Health
2 Vox:
Hillary Clinton is calling for a 700% increase in solar power. Is that realistic?
3 Vox:
Rooftop solar is booming. But it may be more vulnerable than you think.
4 Huffington Post:
Senate Finance Committee Puts Wind and Solar On Short Leash
5 Motley Fool:
Berkshire Hathaway Leads in Solar - World's Largest Solar Plant Now Operational
6 Vox:
11 maps that explain energy in America
7 Los Angeles Times:
SolarCity launches plan to bring solar power to small and midsize firms
8 Huffington Post:
The Secret Network of Fossil Fuel and Utility Backed Groups Working to Stop Clean Energy
9 Denver Post:
Battle of solar pits rooftop against utility-scale systems
10 Massachusetts Live:
Gov. Charlie Baker plans to propose solar energy legislation
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
