This is your SolarWakeup for July 5th, 2018

I hope you all enjoyed your July 4^th holiday, played with sparklers and indulged in a parade. Now it’s back to work to kick off Q3 and get solar on some rooftops. If you are coming to Intersolar next week, please let me know. I always enjoy meeting you in person.
Growing Florida’s Solar Market. We can call it a double. From 2016 to 2017, the Florida market increased by 92% according to the just released net metering report issued by the PSC. This is very much felt on the ground here in the market but we are just scratching the surface. Florida will break 100,000 systems per year in 2019 and may do it in 2018 if companies are able to put the funding and labor plans in place to execute. I’ve spent 10 years working in solar while living in Florida and am now leaving just went the market picks up, but Walnut Creek is calling my name! See you next week at Intersolar!
Goldman Gets A New Solar Fund. South Jersey Industries, operating a solar portfolio under Marina Energy, went to market a few months ago. This wasn’t the first time it came to market but this time it transacted. Many investors participated in the process made complicated by the structure but the assets are largely desirable in a hot New Jersey market. Goldman Sachs ended up on top with their $350million bid for the ~200MW. This is a nice cornerstone for the fund that just recently put a great team together. Congrats the GS team.
The EV Infra Ratebase Is Going To Get Gotten. Utilities across America have asked themselves how to play in the EV space and owning charging infrastructure is the most obvious to me. I used to advocate to utility CEOs that shareholders should front the money to increase demand in the service area without putting the infrastructure into rate base. It seems that IOUs will get the best of both worlds, increase demand with EVs while also getting a return on the EV infrastructure. I expect that we will see a big rush to take advantage of this boon.
100% In California. The California Assembly will be starting their hearings on the 100% RPS bill, SB100, after passing it through committee. This came after receiving 38,000 letters from constituents to pass a clean bill on the issue. Last year, this came really close to getting done but politics in an election year probably got in the way. Now that De Leon is out of the general for the Senate, I can see him getting this work over the finish line. His leadership is remarkable, especially on this issue.
Presented by ENGIE. ENGIE (formerly SoCore Energy) is a market leader in commercial, industrial, and distributed solar and storage portfolio development with installations across some 25 states. ENGIE offers commercial and industrial companies, electric cooperatives, and communities solar and storage solutions that provide energy cost savings, increased resiliency and carbon reduction opportunities.

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Have a great day!
Yann

California Takes One Step Closer To Passing 100% RPS Bill

By Frank Andorka, Senior Correspondent One. Step. Closer. Nearly a year after SB 100, the California bill that would mandate a 100% RPS by 2045, failed to make it out of committee, the bill is now on its way to a vote in the full Assembly after passing out of the Assembly Utilities and Energy Committee this afternoon. The measure had received 38,000 messages of support, delivered to lawmakers ahead of the vote by a broad coalition of solar, environmental and social justice activists. [wds id=”3″] In what would be a historic decision, the California Assembly could pass SB 100 … Read More →

Florida PV Installations Increase 92% In 2017

By Frank Andorka, Senior Correspondent It’s not double, but it’s close. The new net-metering statistics are out in Florida, and the number of PV installations increased 92% from 2016 to 2017, from 4,365 to 8,434. It’s amazing what can happen when you rationalize your solar policy. [wds id=”3″] Needless to say, the state’s installers are thrilled with the news. “Florida’s solar growth has been explosive and it’s all due to the citizens who have been asking for solar for years,” said Michael Vergona, president of UrbanSolar. “Everyone wants another option for producing their own power and harnessing our abundant sun.” … Read More →

Just Call Him Nostradamus Brandt: He Predicted The Moss Landing Storage Deal Two Weeks Ago

By Frank Andorka, Senior Correspondent You know how some people claim to have the gift of seeing the future? Well, I’m lucky enough to know someone who actually does see the future, and his name is Yann Brandt. OK, Yann won’t be doing palm readings at the Quick Mount PV booth at Intersolar next week or anything like that (note to Yann: a side business, perhaps?), but he was prescient enough to foresee the largest solar + storage deal announced yesterday at Moss Landing in California two weeks before it happened. [wds id=”3″] On June 19, Yann wrote: What if, … Read More →

This is your SolarWakeup for July 3rd, 2018

Reminder that SolarWakeup will be off for the 4^th of July. Please be safe and enjoy your day with your family. We will be back on Thursday before heading to San Francisco for InterSolar.
The Fight For 21st Century Power. Glad that the full time reporters are catching up but here is a recap on the upcoming battle caused by the electric vehicle industry. Fundamentally, this is the first time ever that utilities that generate and deliver electricity will be competing with oil companies that create and deliver fuel for transportation. If transportation moves to electricity as a fuel you can see how utilities take market share from oil companies. That is why, even in the greenest States like California, it is very difficult to pass aggressive EV policies. Moreover, electric vehicles threaten the internal combustion engine manufacturing sector which causes further disruption. On the other hand, oil companies make more profits, billions every quarter, and it’s a cheap proposition for them to get into the electric space especially through the solar industry. I’m still a bit surprised at the pace and strategy by the oil companies. I find none to be advantaged tactically over others or any of their acquisitions and investments surprising, yet.
It’s Time For GWh. What is a utility to do if it doesn’t find natural gas peaker plants to be cost effective generation for its customers? In PG&E’s case, build storage. A massive storage plant. Last week I mentioned that it could be possible that the Oakland peaker plant could become a storage asset but I was wrong by a hundred miles or so. The Moss Landing plant owned by Vistra will become a 1.2GWh storage asset, this coming just a few weeks after they announced their 180MWh plant with our friends at FlexGen. Who wants to wager the over/under date on when storage falls below $100/kWh?
Will Arizona Follow Michigan? Tom Steyer looked at three States for his RPS ballot initiatives. Arizona, Nevada and Michigan. Michigan has already come to terms with him plan and it looks like Arizona could be close behind. The RPS is a policy, within monopoly markets, that can be a great policy for utilities that need reasons to transition generation due to policy and increase rate base. Quite frankly, if I were the CEO of APS, I’d be all over the plan for a 100% solar utility and my shareholders would love me for it because my customer net promoter score would be 99.
The Unsung Success In Haiti. Let’s take a moment to thank the folks that are still working hard and adding solar in Haiti which is by far the poorest Country in the Western hemisphere and a close friend to the community in South Florida. I can’t imagine how hard it is to add a few panels to areas in the poorest sections of Haiti, just the logistics alone seem daunting. But thankfully there are folks still doing it and making a difference. A small battery with a few panels can change the life of someone living without electricity.
Silicon Jobs. This is your quarterly reminder that the first AD/CVD caused a retaliatory tariff on US silicon which hurt REC in Washington State and Hemlock in the midwest. Tariffs are bad for everyone.
Presented by Sunrun. Sunrun is the largest residential solar, storage and energy services company in the United States with a mission to create a planet run by the sun. Since establishing the solar as a service model in 2007, Sunrun continues to lead the industry in providing clean energy to homeowners with little to no upfront cost and at a savings to traditional electricity. Sunrun is excited to expand its solar offerings to Illinois residents.

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Have a great day!
Yann

Iowa Utility Backs Off Its Usurious Beyond Solar Program, Moves To Community Solar Instead

By Frank Andorka, Senior Correspondent One year after making its request, Interstate Power & Light, an Iowa utility, has backed off its plan to offer electricity from existing solar and wind project at higher prices to its customers, formally withdrawing the proposal from before the Iowa Utilities Board (IUB), according to a report in Midwest Energy News. Instead, the utility has issued requests for proposals for community solar projects ranging from 2 MW to 7 MW. It will take bids through July 25 and hopes to have a finalized plan before the IUB by September. [wds id=”3″] The premium pricing … Read More →

Arizona Regulator Wants To Get Ahead Of The Voters (And That May Be OK)

By Frank Andorka, Senior Correspondent No one knows exactly what progressive billionaire Tom Steyer hoped to accomplish with his pro-solar ballot initiatives. Taken on their face, his amendments in Nevada and Michigan are designed to accelerate clean energy development in those states. In the aforementioned states, the question is a little more clear: Steyer is not about putting ballot issues before voters simply for the sake of getting the vote. While the issue will go before Nevada voters, Steyer’s group in Michigan used the ballot initiative as a bargaining chip to extract clean energy promises from the state’s two largest … Read More →

This is your SolarWakeup for July 2nd, 2018

Impact Of Mobility On Solar. It doesn’t appear to be happening a lot yet but I think there is a natural overlap between the mobility and solar markets. I am taking this beyond the EV charger under a solar carport. More interesting is the value of the PPAs between solar owners and C&I clients or homeowners and going back for an upsell. Many of the land use documents are already in place so why not go in and add more technology. Are you in either sector and actually going after this? Have any mobility companies reached out to you? Let me know.
Delisting Yingli Solar. If you are like me, you’ve been watching plenty of global football over the past few weeks. One thing that is different is the missing Yingli Solar ads on the banners around the stadiums which were everywhere when the World Cup was in Brazil 4 years ago. The Yingli name will also disappear from the NYSE as they are getting delisted. Are these modules still moving around the US market?
Adapting Tesla’s Solar Business. There is no doubt that SolarCity (sorry, I can’t call it Tesla yet) has taken a turn away from the clear leading role in solar. Cutting the speed of growth took much of the sales push away while the rest of the industry has been able to push upward as well. I know many in solar partake in the Tesla bashing, especially in solar, but I would say that the bigger story is what has happened to the growth of the local installer. Doing 1MW or more per year is no longer unique, it’s actually quite necessary in many instances. The distributed nature of residential solar is exactly why I made the move into the sector. Many great companies have the ability to serve consumers with great customer service and the same financing options that originally gave SolarCity the advantage.
Consolidation Is Good For Resi Solar. When the news broke a few weeks ago that SunCommon and Hudson Solar were merging, I read with interest. Mergers are a great way to grow in a market that is tight on the margins and for installers it means more volume to negotiate with distributors and finance providers. The news this week really made me excited because seeing business operation financing for solar companies means it’s another signal about markets understanding and appreciating solar.
Presented by Pfister Energy – Pfister Energy is a turnkey design-build renewable energy provider for commercial, industrial, utility, and community projects with an emphasis on energy efficiency and energy management. We possess 25 years of project experience with over 120 MW of solar installed on rooftops, carports and on unused land nationally. Clean energy is not limited to solar and as part of our smart building-integrated energy plan, we provide holistic solutions by stacking solar, LED lighting, wind, daylighting and other energy efficiency systems combined with storage.  Visit www.pfisterenergy.com for more information.

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Have a great day!
Yann

Well, There Goes That Bulwark: Powelson’s Retirement Puts Coal, Nuke Bailout Back On The Front Burner

By Frank Andorka, Senior Correspondent Opposition to President Donald J. Trump’s policies seem to be falling away at an increasingly rapid pace – one more obstacle to his nuclear and coal bailout has gone by the wayside. Federal Energy Regulatory Commissioner Robert Powelson, who had steadfastly opposed the plans to prop up failing nuclear and coal plants unexpectedly announced that he will retire from FERC effective in mid-August. Powelson will be leaving to take over as the president and CEO of the National Association of Water Companies. [wds id=”3″] Losing a staunch ally in the fight over the bailout at … Read More →

Suncommon’s Expansion Plans Get Boost From New Credit Facility

By Frank Andorka, Senior Correspondent As the solar industry has continued to grow, it’s easy to forget that Burlington, Vermont, was the first city in the United States to go 100% solar. The Green Mountain State has quietly grown its solar industry somewhat below the radar, but there are signs that it’s beginning to mature as a market. One such indication is that Vermont-based Suncommon, a residential solar installer, just recently received a credit facility to fund its expansion into the Hudson Valley from Citizens Bank. Earlier this year, Suncommon acquired New York-based Hudson Solar and plans to use the … Read More →