Growth by decline. The data comes out every year. Massive capacity growth across the world but lower capital deployment. With modules at low 30 cents, who would think that you can get more with less? Focus on the GW top line but also note that you’ll more deals to get your investors happy.
Enphase gets more money. Private capital into a public company doesn’t usually mean positive news but hey it’s solar and winter season is never pretty. On the other side, the investors are high end and Enphase makes a good product that needs more runway to get scale. The one piece of concern is the end of the article, some of the funds will be used to hire consultants on how to get more demand globally.
NV Energy goes for it again. First off, NV Energy policy folks need to listen to the EnergyWakeup podcast. We covered their overreach tactic this week here, but it seems that they continue to get bad advice from their lobbyists. NV Energy wants the PUC in Nevada to undo the net metering for the Northern part of the State. The policy was just put back into place in December. Maybe the company should focus on its baseload in the Casinos that continue to leave their service, solar on every home in the State wouldn’t get close to that kind of demand reduction.
- Greentech Media: Global Clean Energy Investment Fell 18% in 2016 With Slowdown in China
- PV-Magazine: Enphase receives much-needed influx of cash
- Las Vegas Review Journal: NV Energy wants reversal on net metering rates for future solar customers
- Think Progress: Former Exxon CEO ‘not aware’ of the existence of fossil fuel subsidies
- Recharge News: Enel deepens storage push with Demand Energy acquisition
- Platts: Solar can provide key grid services – California ISO report
- Utility Dive: Solar in 2017 – As non-traditional markets break records, more doors open for utilities
- CNBC: Arab gulf firms set their sights on the region’s growing appetite for solar power
Opinion
Have a great day!
Yann