It’s Sponsor Time. San Francisco is getting its first SolarWakeup Live! in a little less than 2 months. Like you, I’ve been at close to 100 conferences in solar, spoken on panels and sponsored various versions. Here’s the thing, I always went for the people and never the content. Why couldn’t an event allow me to do both while also letting me get business done in the city? That’s why SolarWakeup Live! was created and why sponsors get into the newsletter, website, podcast in addition to the event signage. Sponsorships should drive a return on your dollar and that’s exactly what you get here. Get in touch if your company is interested.
Houston, What Mandates. As I read this Wall Street Journal editorial, I had to ask myself why this article gets written. So I found the funny in the context, the reporter is based in Houston according to her Twitter account. So here’s a WSJ reporter in Houston blaming the growth of solar mostly on mandates. Of course, she was quick to retort that it’s not just mandates and didn’t respond to my question about subsidies for other fuel sources or the fact that monopolies are regulated requiring mandates to allow new sources to enter. Anyways, you know this but by now so should the WSJ.
No Coal For You. Coal plants are closing faster than ever before and natural gas is largely to thank for that. Monopolies around the Country saw an opportunity in the low gas costs to make a case for new rate base. It will be cheaper and cleaner they said. It will be good for consumers they said. The problem with this is that the benefit stays with power companies while the fuel risk stays with consumers. I’ve said it before but the greatest, costliest subsidy that monopolies get is the free fuel cost hedge. Imagine if the utility had to either stand behind the fuel curve for the life of the plant at shareholder expense or secure a hedge from a 3rd party. Neither of those things would happen and therefore natural gas plants are not financially competitive in the marketplace.
NY Green Bank. Some of you asked about the benefits of a green bank. I asked Alfred Griffin exactly that and the answer is seemingly obvious when you hear it. Sometimes, in a new market that is not well transacted, other sources of capital with a mission need to step up and provide the patience needed for private capital. Check out the interview here
Reserve Your Seat. April 10th in San Francisco. We’ll talk about the future of capital in solar and how California policy can shape the future of our market. 25% of the seats are already gone, get yours.
- Wall Street Journal: Mandates, Not Market Prices, Likely to Keep U.S. Solar Growing
- Greentech Media: Trump Can’t Save Coal – More Capacity Closed in 2018 Than First Three Years of Obama Administration
- SolarWakeup Live!: What Can The New York Green Bank Do For You?
- Think Progress: Michigan utility promises to give up coal in order to be ‘on the right side of history’
- GreenBiz: There’s room for progress on tackling sustainability through the supply chain
- Toronto Star: Trump administration to file defence in Canadian solar-panel lawsuit
- Utility Dive: General Electric splits energy storage business into new unit
- Wisconsin Gazette: Supreme Court called on to reject discrimination against rooftop solar
Opinion
Have a great day!
Yann