This is your SolarWakeup for May 5th, 2023
NEM Suit Is On. A lawsuit trying to get NEM 3.0 back to the negotiating table is on. My opinion is that advocates should focus on increasing the value of DER and storage in the home to create revenue upside.
Lease, Loan. Platforming Installer Access. The lease is back, you see that in earnings releases but why? Is it because the systems have gotten too complicated? Is net metering confusing the homeowner and they just want an easy button? Or is it in the interest rate spikes? Leases have never been that accessible or profitable for installers so how can they get platformed for installers in a way that gives consumers more choice?
Cinco De Mayo. Happy 5/5! Send me your recommendations for your favorite tequila
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Axios:
The tricky politics of the electric vehicle revolution
2 PV-Magazine:
California utilities commission sued for gouging rooftop solar payments
3 Utility Dive:
New York Power Authority given broad authority to own, operate, build and finance renewable energy projects
4 Bloomberg:
Solar Panel Orders Point to Clean Energy Boom From US Climate Law
5 Reuters:
Exclusive - India amends power policy draft to halt new coal-fired capacity
6 Solar Power World:
Solar and Storage Industries Institute starts year long project to reform large-scale interconnection practices
Opinions:
7 Energy Storage News:
Australia to begin ‘energy storage target’ tenders this year, details to come in Budget
Have a great day!
Yann
This is your SolarWakeup for May 4th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Reuters:
Texas grid operator says renewables needed to cover peak demand
2 Bloomberg:
Energy Crisis Prompts Thailand to Accelerate Shift to Renewables
3 New York Times:
Congress Clashes With Biden Over Tariffs on Illegal Chinese Solar Panels
4 PV-Magazine:
Solar assets are underperforming expectations by 8%, what is the root cause?
5 Axios:
COP28 negotiating positions emerge during talks in Germany
6 PV-Tech:
VPPs to save US utilities up to US$35 billion in next decade
7 Energy Storage News:
Clean energy groups slam Republicans’ attempt to repeal Inflation Reduction Act
8 Canary Media:
Are new solar tariffs coming soon? Here’s what you need to know
Opinions:
9 Utility Dive:
Edison International CEO Pizarro backs Western RTO, highlights SCE efforts to prep grid for heavy duty EVs
Have a great day!
Yann
This is your SolarWakeup for May 3rd, 2023
Cost Of Success, TBD. John Podesta is absolutely correct. Tax credits have a mission to stimulate a certain investment behavior, hence investment tax credit. Without massive regulatory or government investment available to rebuild an aging grid infrastructure and domestic manufacturing complex, investment tax credits move private dollars towards a goal. The tax code in the United States has always been the business strategy handbook, all the way back to the first pay for service fire department. The manufacturing tax credit, solar ITC and hopefully the storage tax credit will beat the CBO estimates and drive more invested capital than originally thought, that would be the measure of absolute success for the Country and ratepayers.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Reuters:
Increased green tax-credit costs are a sign of success, White House's Podesta says
2 Axios:
The Supreme Court's next climate fight
3 Bloomberg:
Ex-Gunvor Trader Bets on Batteries to Ease Swedish Power Deficit
4 Utility Dive:
Indiana utilities gain ‘right of first refusal’ to build transmission lines amid MISO buildout
5 Solar Builder:
Classes begin at new Sustainability Hub green job training center in Chicago
6 PV-Tech:
1.1GW worth of solar contracts awarded in NSW renewables tender
7 PV-Magazine:
Oregon utility’s IRP calls for 400 MW energy storage development
Opinions:
8 New York Times:
Jay Inslee Sees Greener Pastures Ahead
Have a great day!
Yann
This is your SolarWakeup for May 2nd, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Bloomberg:
Brookfield Eyes Green Steel for Multibillion New Transition Fund
2 Des Moines Registers:
MidAmerican can move ahead with its proposed $3.9 billion WindPrime request. But will it?
3 Utility Dive:
Southwest Power Pool study could inform Texas efforts to shore up reliability - PUCT commissioner
4 Axios:
Global ocean temperatures spike to record levels as El Niño nears
5 Reuters:
EXPLAINER-Wanted - More skills for workers as green jobs grow
6 PV-Magazine:
LG launches U.S. residential energy storage system
Opinions:
7 Canary Media:
How quickly can trucking decarbonize? California is about to find out
Have a great day!
Yann
This is your SolarWakeup for 1st May, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Axios:
Firm that sells clean energy to consumers gets $100-million boost
2 Reuters:
US House votes to repeal Biden solar tariff waiver
3 Utility Dive:
FERC close to final interconnection rule, interregional transfer proposal
4 Bloomberg:
Solar Developers Seen Safe From 254% Tariff After House Vote
5 Grist:
Electrify everything, California says — including trucks and trains
6 PV-Tech:
RWE sees declined adjusted EBITDA in onshore wind and solar despite improved group business
7 Canary Media:
Battery firms set to thrive under new California rooftop solar regime
8 PV-Magazine:
First Solar Q1 2023 revenue down, with investments in U.S. facilities taking precedent
Opinions:
9 New York Times:
Looking for a Climate Career? They Might Have the Answer.
Have a great day!
Yann
This is your SolarWakeup for April 28th, 2023
Changing Rules, Change Markets. Whenever rules change, so must markets oftentimes with a valley before heading back to a peak. Resi solar had bright days with low interest rates and stable regulatory rules that were upended by incumbents looking to change the consumer dynamic. Now the industry will regroup, adjust to different capital markets and system designs that ultimately will make the homeowners more likely to benefit for more of their energy bill, but it will take time. Which companies enable installers to be successful will also be up to change, the lease is coming back but so are the technical capabilities of the proposal tool and ultimately the banding together of installers will be reality.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Utility Dive:
Rep. Casten, ex-FERC chairs eye DERs, more power sector competition to achieve net zero goals
2 PV-Magazine:
Shoals Technologies and Brookfield Renewable launch EV charging-as-a-service
3 Vox:
How to fix clean energy’s storage problem
4 Solar Power World:
Final AD/CVD decision on Southeast Asian solar cells and panels pushed to August
5 Axios:
Where air pollution is improving — and where it's worsening
6 PV-Tech:
Sunnova aims to double adjusted EBITDA in 2023, posts 146% Q1 revenue increase
7 Energy Storage News:
Clean energy groups slam Republicans’ attempt to repeal Inflation Reduction Act
Have a great day!
Yann
This is your SolarWakeup for April 27th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Bloomberg:
Power Grids Start to Sizzle as Heat Waves Portend Blazing Summer
2 Wall Street Journal:
Rooftop Solar - Ain’t No Sunshine
3 PV-Magazine:
Enphase posts lower Q1 23 earnings, comments on NEM 3.0 market adaptation
4 Utility Dive:
‘Billions of dollars sitting on the sidelines’ - NextEra executives cite big plans for renewables, hydrogen
5 Axios:
Climate pledge mobilizes $120M to focus on environmental justice
6 Reuters:
Netherlands to spend $31 billion in drive to meet 2030 climate goals
7 PV-Tech:
Nevados supplies trackers requiring limited grading to Energix Renewable’s projects in Virginia
8 Energy Storage News:
US commercial and industrial battery storage moves from Xcel, Generac, Urban Electric Power
9 Canary Media:
How the rooftop solar industry is adapting to California’s new rulebook
Opinions:
10 New York Times:
New Rules for Power Plants Could Give Carbon Capture a Boost. Here’s How.
Have a great day!
Yann
This is your SolarWakeup for April 26th, 2023
Spread The Message. This is an important time in messaging the importance of the IRA to our industry. If the IRA changes your outlook for the next decade, make sure that you’re telling your story to the media in your area. If you’re building out an expansion, hiring new team members or investing into local infrastructure, highlight that with a press release or just reaching out to local reporters. Your local politicians, no matter what party, see the benefit of the legislation but they need to feel it in their community as well.
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Bloomberg:
Red States to Reap the Biggest Rewards From Biden’s Climate Package
2 Utility Dive:
US energy storage needs national standards and regulations to thrive amid clean energy transition - GAO
3 Solar Power World:
New law ensures stable bill credits for Colorado community solar customers
4 Axios:
Major VCs link arms in new climate push
5 Reuters:
Enel says Oklahoma is top candidate for its US solar panel factory
6 Energy Storage News:
US BESS developer Spearmint Energy sceptical of ‘black box’ optimisation
7 PV-Magazine:
New York large-scale solar set to surge 8500%
Opinions:
8 Canary Media:
Google’s latest climate plan? Skip grid backlog, mimic community solar
Have a great day!
Yann
This is your SolarWakeup for April 25th, 2023
White House, Solar Champions. With the CRA looking like it will pass, industry advocates have been fighting hard to get the ultimate vote of confidence against more solar tariffs. That vote is rare and hard to get, given that this President has not had to veto much in his tenure at 1600 Penn. President Biden threatened to veto if the CRA, which would bring tariffs back in play, makes it to his desk. Thank your local solar advocate and make sure to pay your association dues.
News
1 Bloomberg:
Biden Threatens to Veto Bill to Lift Moratorium on Solar Tariffs
2 PV-Magazine:
Tracking the sun on uneven terrain
3 Energy Storage News:
Europe reached 4.5GW of battery storage installed in 2022; could hit 95GW by 2050
4 Utility Dive:
State regulators urge PJM to speed interconnection for new generation in face of power plant retirements
5 Axios:
Chile brings lithium under majority state ownership
6 PV-Tech:
EDPR and Google sign deal for 650MWp of distributed US solar
7 New York Times:
Governors Island to Be Site of $700 Million Climate Campus
8 Canary Media:
Span snags $96M to become a ‘Swiss Army knife’ for electric homes
Opinions:
9 Reuters:
Moving NY to clean energy is top 2023 challenge - NY Power Authority head
Have a great day!
Yann
This is your SolarWakeup for April 24th, 2023
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
News
1 Utility Dive:
Solarcycle CEO, fresh off $31.5M in public and private funding, discusses solar recycling’s future
2 Reuters:
Biden EPA to issue power plant rules that lean on carbon capture
3 Bloomberg:
How The World Is Spending $1.1 Trillion On Climate Technology
4 New York Times:
Biden to Create White House Office of Environmental Justice
5 PV-Tech:
Germany adds 2.6GW of solar PV in Q1 2023
6 Energy Storage News:
UK battery energy storage market to grow to 24GW by 2030, says Rystad Energy
Opinions:
8 PV-Magazine:
U.S. warehouses can host enough solar to power nearly 20 million homes
Have a great day!
Yann
