Post Pandemic Impact. In reality the entire rundown today could have been some version of ‘COVID recovery needs to be climate solution’. This is the overlap of politics, regulations and economics that has an impact on our work beyond the recovery. Realists will say, nothing will change, I even said it to someone on a call yesterday. But the answer is that there is more to politics than what Senator McConnell wants because 50 States also look to find a way to get Americans back to work. Permitting can be a federal act of congress or it could be driven by your state and local leaders as one example.
Buffett’s Day In The Sun. A week after Buffett said he regrets his $10billion oil investment there is a double headline day for Berkshire, both from an off taker perspective. NV Energy’s project with Arevia Power got the green light from the feds while Pacificorp is readying a huge RFP for renewables. While this isn’t the sunniest region for the most part, there is no doubt that the storage aspect of the RFP is going to be breaking records and could make for interesting timelines and modeling around the ITC.
It’s a Global Market. I looked at the global inverter market share and had to do a double take for two reasons. First, 2019 found 126GW of solar installed around the world. Second, there are a lot of names on the list that don’t make a mark in the US market. That either means there is much more upside for US leaders abroad or for the market share list in the US to change.
Talking Solar. Join me next Tuesday on a call with Roth Capital’s Phil Shen. This is the 4th call we’ve had together since the pandemic started and created a lot of clarity for those that dialed in including a Q&A segment. You can register for the free call here.
Sending Good Thoughts. All of you know Frank Andorka, long time solar writer and former rock star solar correspondent at SolarWakeup. Frank has been in a battle with COVID-19 for over a month including a multi-week stay in the ICU near his home in Ohio. Frank recently moved out of the ICU but remains in the hospital. Please keep Frank in your thoughts and prayers, remembering that this pandemic is indeed close to us all in one way or another. Find him on Facebook, if you wish to reach out directly and leave him a kind note.
- Axios: Clean energy and climate change unlikely to lead American recovery
- GreenBiz: Will COVID-19 help or hinder natural climate solutions?
- Grist: Coronavirus is a make-or-break moment for climate change, economists say
- Greentech Media: PacifiCorp Readies Huge Solicitation for Renewables, Energy Storage
- Reuters: U.S. approves massive solar power project on public land
- PV-Tech: Rival revenue and shipments analysis of listed PV inverter manufacturers in 2019
- Renew Economy: Rooftop solar installs at record high during Covid-19, but what about leads and sales?
Opinion
Best, Yann