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Senate Tax Extenders Diss Solar and Storage. The Senate Finance Committee is out with their list of extenders to be considered in the annual exercise to extend tax credit and deductions. Out of some 29 line items, not a single one is for solar or storage even though the ITC is stepping down at the end of the year and storage isn’t considered at all. There is no sense on casting blame, yet, but the question is how does an industry that should be at the top of power in DC doesn’t get a mention in one of the most important memos of the year? How does storage, which is the future of replacing expiring power generation, get completely ignored? We have to have an internal evaluation on how our industry advocates, what it asks for and how we make those requests. If we rationalize this failure
InterSolar N/A. What once was my favorite trade show of the year is now over, InterSolar North America has been sold to a new show producer and the July event is rescheduled for February in San Diego. 3 Floors at Moscone is not a cheap venue to fill and with the declining attendance of both visitors and exhibitors spread the rumors across the market about how this event could possibly still move forward. That being said, the famous Solar Battle of the Bands will continue, make sure to keep that date in your calendar.
Norway Divesting. The Norwegian Sovereign Wealth Fund is divesting from certain oil investments, totaling $8billion out of their $1trillion pool. That makes this a big story with a little effect unless it gets copied. Moreover, this also shows some signal to the oil majors that are not divested from that their business plans better align with the mission to decarbonize.
Total Cost Of Ownership. By now you’ve heard the $93trillion price tag for the Green New Deal, a figure that sounds so absurd that even the think tank that’s credited with it is shunning it. So while Showtime’s hit show The Circus opens with dialogue of green jobs and climate change, it’s clear that the debate will be had over the total cost benefit of a policy in line with the Green New Deal.
Get Your Tickets. Register for SolarWakeup Live! on solarwakeuplive.com
- Axios: Norway’s wealth fund looks to dump oil
- Greentech Media: Intersolar 2019 Is Cancelled—Update Your Calendars
- CleanTechnica: The Green New Deal Could Actually Be Much Cheaper Than Business As Usual
- Crain’s Detroit: Judge recommends rejection of DTE’s solar access fee, backs overall rate case
- Renewable Energy World: Trump said to again seek deep cuts in renewable energy funding
- Renew Economy: Plunging sales suggests end is nigh for fossil fuel cars in Australia
- Utility Dive: Brattle – Electrification could drive $600B in transmission spending by 2050
Opinion
Have a great day!
Yann