Nevada’s Story Of Solar Revival. This was the most contentious national solar fight a few years ago, documentaries featured the famous fight between solar and the Nevada PUC. Fast forward a few years and the market is thriving with the first NEM cap being hit at 80MW. Jobs are being created and supplies are flowing, helping the supply chain economy thrive as well. Nevada has become the market to point to and one that could be mirrored in South Carolina and other States that attempt to keep residential solar choice away from consumers.
Sunrun’s Steady Rise. Sunrun wasn’t always the flashiest residential home solar provider but they’ve reached the top now. Part of what makes the company unique is that it has stuck with the long path of policy centric market development, it’s rare to be at a legislative event or industry conference that a Sunrunner is not at. The financial presentation continues to tell Wall Street a narrative on how solar and public company accounting can coexist, while still be complicated for many. The company announced 91MW of solar deployed, 12,000 customers and an increase of $27million in cash over the last quarter. Congrats to the team.
Juicy PPA In Hawaii. Couple of highlights that I’d like to point out about the solar plus storage project in Hawaii. The project is 5MW of solar with 3MW / 15MWh of storage. The PPA is for $0.17/kWh over 22 years. At the core, this is a great project for the investor and likely for the consumer as well. At 5 hours of storage, the batteries have the ability to shift the entire day’s production even at the peak of summer (or very close to all of the production). This plant is the solar version of baseload to the extent that such a feature is needed on the grid. Dispatchable solar such as this is the future and creates tremendous opportunities for power players across the grid.
New FERC Commissioner. Damn the free market! That’s my paraphrase of the nominee’s comments at a July hearing when asked about market distortions being considered by the administration to bailout coal and nuclear plants. Commissioner Powelson voted against the FERC bailout for coal but McNamee seems a lot more willing to do the bidding required. Stay tuned.
Have You Seen The Rafter? In today’s edition of solar wall of shame, please see the following work of art. This is a direct deck attached flashing mounted on top of the shingle roof. Add some caulking and this installer is happy with the result. Make sure to send your shameful solar pictures alongside your beautiful images to be featured.
- SolarWakeup: Nevada Comes All The Way Back, Bumps Into Net Metering Caps For First Tier
- Zacks: Sunrun (RUN) Lags Q2 Earnings and Revenue Estimates
- PV-Tech: Hawaiian island’s solar-plus-storage project locks in 22-year PPA at 17 Cents per kWh
- Think Progress: Trump coal bailout plan to have a powerful ally if frontrunner for energy agency opening is confirmed
- SolarWakeup: A Confederacy Of Dunces – America First Energy Conference Insist On Anti-American Energy Policy
- Naples News: Solar power use is growing in the Sunshine State
- Seeking Alpha: SMA Solar Technology Ag 2018 Q2 – Results – Earnings Call Slides
- Providence Journal: Power over solar – R.I. seeks to strike a development balance
Opinion
Have a great day!
Yann