Maybe you have been sitting out the ITC lobbying because it was too early or it didn’t impact you enough just yet. While the date seems far off, you have to remember that next year is a Presidential election year and nothing will get done. Case in point, a tax extender bill came out of Senate Finance Committee and solar ITC was not included. ALL IS NOT LOST, now is the time to get involved. The Chair of Senate Finance can still make a change by amendment. We need your voice. I need your help. Send Senator Hatch a note, Have your family send him a note. Your 2nd cousin? He should send a note too!
Here is the link!
News
1 NY Times:
Dozens of Expired Tax Breaks Would Get Renewed Under Bill
2 Bloomberg:
KKR Buys Majority Stake in $1 Billion Spanish Solar Firm
3 Las Vegas Journal:
Solar company alleges cronyism between Sandoval administration, NV Energy
4 Solar Industry:
Los Angeles Assembling Solar Action Committee To Address PV Challenges
5 Mass Live:
Environmental activists urge state to lift cap on solar energy subsidy program
6 Think Progress:
Why The Pope Just Met With Dozens Of Mayors About Climate Change (And Human Trafficking)
7 Forbes:
Who Gets Bought Next In Solar After Vivint?
8 The Washington Post:
Study - Pepco is the country’s worst utility at connecting solar power
Opinions:
9 Utility Dive:
Why utility ownership of rooftop solar should be explored
Have a great day!
Yann
You have all heard the news by now. SunEdison is buying Vivint Solar, a story I covered in detail when they filed their S-1. The price tag, $2.2billion but let’s dig into that a bit. The development platform, SunEdison is buying the Vivint Solar platform for $777million and adding a $500million loan. This is most likely to pay off some of the debt that Vivint Solar had to Vivint. Terraform is acquiring the 2015 assets of Vivint Solar, a total of 523MW for $962million which equates to $1.84/watt for deals average $0.14/kWh. My first reaction is that this may be the largest addition of residential solar assets into a yieldco, at 9.5% cash on cash yield, a lucrative addition. Read the investor presentation here.
Opinions
News
1 New York Times:
SunEdison to Buy Vivint Solar for About $2.2 Billion
2 Fortune:
Why SunEdison is buying Vivint Solar for $2.2 billion
3 PV-Tech:
Big UK solar support cuts imminent - reports
4 Utility Dive:
The Transportation Grid - How utilities can drive the future of transport
5 Renew Economy:
$1 trillion solar, wind finance to outstrip oil and gas industry
6 Think Progress:
Two Giant Israeli Solar Plants Will Soon Provide Nearly 2 Percent Of The Country’s Electricity
7 Clean Technica:
Utility Solar May Cost Less, But It’s Also Worth Less
8 Wall Street Journal:
Hanergy Cancels Deal with Parent Company to Buy Solar Panels
Opinions:
9 EDF:
How California is Getting Electricity Pricing Right and Bringing Clean Power to the People
Have a great day!
Yann
What is the point of net metering caps? They are a big subject currently in Nevada and Massachusetts. One side would say that it has to preserve the integrity of the grid that is used to provide service for consumers ‘when they hit their light switch’. The other side would simply say that it is used to keep solar growth from stagnation. It’s all a marketing scheme at the end of the day, a net metering cap is just that, a cap. A cap on solar, a cap on growth, a cap on creating sustainable businesses in our industry.
News
1 Berkshire Eagle:
Solar net metering caps put Williamstown solar farm project on hold
2 CNN:
Super-charge the solar power boom
3 Energy Collective:
19 Graphs That Explain Solar Panels for Home Owners (With Maps!)
4 Forbes:
More Smoke, More Mirrors For Solar Politics In Sunshine State
5 Bloomberg:
Californians, Love Thy Neighbor as One May Power Your Dryer
6 PV-Tech:
Industry concern over record low solar bids in India
7 NRDC:
Making the Case for the Clean Power Plan
8 Grist:
Arizona and California are ignoring the science on water
Opinions:
9 Motley Fool:
Energy Revolution? OPEC Countries Become the Biggest Fans of Solar Energy
Have a great day!
Yann
These are the top 10 most read solar articles by your peers this week!
News
1 Forbes:
Why California Is A Natural Gas State
2 Boston Globe:
Could this billionaire environmentalist make or break the Democratic primary?
3 Think Progress:
This Massive Utility Wants More Renewable Energy Because Corporations Are Demanding It
4 Seeking Alpha:
U.S. Rooftop Solar Is Rapidly Gaining Support
5 FastCo Exist:
With This Airbnb For Energy, Now You Can Buy Solar Power From Your Neighbor
6 Think Progress:
Why Don’t Republicans Believe The Scientists On Climate Change?
7 The Hill:
A new business model for the electricity sector
8 Think Progress:
The Northeast’s Electricity Bills Have Dropped $460 Million Since They Started Paying For Carbon
9 The Hill:
A new business model for the electricity sector
10 Renewable Energy World:
FERC Removes Obstacles that Limit Distributed Renewable Energy in Colorado
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
