Make sure you visit back later in the day, we have been hard at work for a week to write an important article. “7 people that President-Elect Trump should consider for Secretary of Energy” which we will be releasing sometime today.
More money, no problems. We have some news for you this morning about $500 million that went to a solar lender the morning after the Trump election. In all, almost a billion dollars went to developers and lenders this week in just two transactions. Let’s highlight the good news instead of just the trumped up pessimism we are currently surrounded by.
The constituency of 209k. A friend of SolarWakeup’s and the all around good guy got a nice write-up from The Hill yesterday. Scott Hennessey has been a solar lobbyist for a decade, starting as one of the first employees at SEIA before moving to SolarCity. Definitely worth the read.
Solar is good for all. A Boston University professor did some solar analysis in Massachusetts on an hour by hour basis. The results were interesting mostly in the wording. In the report, solar customers were found to provide value to non-solar customers while also benefitting from the infrastructure for those kWh that weren’t purchased. The balance is created using a simple but ‘wrong’ incentive structure.
Illinois shenanigans. This is a quick moving story because Illinois is in a special session, one apparently famous for pushing legislation through without much debate. The long story, in short, is that demand charges are in an SB amendment buried deep in a couple hundred pages. We will have more coverage on this but get ready to activate in Illinois, grassroots will make or break this.
Crane’s thoughts on Trump. David Crane, as an editor at large for GreenBiz, has some advice on giving Trump a chance. There are some caveats to that advice to set the expectations….not too high. The best advice in the column is a recognition that we are fortunate that this is 2016 and not 2012 because solar is in a much better place and leadership can come from the States.
- SolarWakeup: Investors Keep Faith in Solar Post Trump Election – MMA Raises $500mm
- PV-Tech: sPower closes US$434 million in tax equity and debt financing for solar projects
- FastCo Exist: Solar Power Benefits Everyone, Not Just Those With Solar Power
- PV-Magazine: Bill for massive coal, nuclear bailout, residential demand charges introduced in Illinois
- Recharge News: ‘No long-term impact’ on RE from CPP’s demise: Deutsche Bank
- The Hill: House of the rising solar
- Vox: Renewable energy is seeping into small-town America
- Business Journals: Duke Energy is selling a new plan for N.C. solar, but will anyone buy?
Opinion
Have a great day!
Yann