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Keeping PG&E Deals Alive. Ever since PG&E filed for bankruptcy, I’ve been warning that it would be more expensive and possibly impossible to do deals where PG&E is the off taker. This became more of an issue when the courts said that FERC couldn’t make itself a 3rd party to the restructuring of contracts between generators and the utility. If the energy storage project developer is really worried about getting the deal done, I wonder if they are seeking a potential buyer. I would be a buyer of this type of project at the right price.
EV’s Create Alignment. The next decade is going to make electric vehicles the norm and for the first time in a long time, auto OEMs need to work together on standards and with suppliers to get the infrastructure right. Until the volume is high enough, OEMs will buy batteries from 3rd parties. Look at Tesla, they had to build their own battery plant to shore up their supply chain. You can also think about how this affects the solar industry and the build out of this infrastructure. You have relationships with home and building owners that are installing or already have installed solar. They may be interested to be part of the infrastructure that the transportation sector is looking for.
Portfolios Are Moving. Large owners of assets are moving them into new ownership, taking some of their cash gains off the table and raising new cash. I will be looking for the next iteration of asset purchases from one pension fund to another, this would signal a desire to create upside in something other than having cheaper cost of capital.
See You Tomorrow. Tomorrow is SolarWakeup Live! Boston. I look forward to seeing many of you there.
- Reuters: PG&E bankruptcy threatens major battery storage project
- Axios: How electric vehicles force automakers to play nice
- Greentech Media: GE Sells 650MW of Renewable Energy Assets to Enel, Despite Plans to Grow Renewables Arm
- CleanTechnica: California Solar Sets Record, But That’s Not The Big News
- Renewable Energy World: Collaborating for a more resilient energy future in Puerto Rico
- ILSR: Comparing 2019 and 2018 Community Power Scorecard Rankings
- Utility Dive: FERC opens transmission, ROE inquiries as regulators spar again over climate
Opinion
Have a great day!
Yann