Today’s Takeaway. As you head into the weekend and read today’s top stories, I want you to think about the fundamental shift in our industry. For the past 15 years we have been focused on signing long term off take agreements in order to build solar generation, this has been one of the hardest and determining factors in development. Given solar produces energy when the sun shines, this is the bedrock of making the financial model work. Over the next 10 years, our industry will shift into a more complex but financially advantaged position where energy is part of the system and trading that energy drives the financial model. Read between the lines of what BP is saying and Google is planning for, it’s clear as day what this looks like in 5 years.
A Product Showcase. In two weeks, join CALSSA and the dozens of manufacturers in a product showcase. This is a free event if you register in advance, you can do that here. Absent in person events and a desire to stay in front of a computer all day, CALSSA brings you the best way to learn about the latest and greatest.
- Axios: What to expect from Biden’s climate and energy team
- Reuters: Exclusive – BP bets on energy trading to fund strategy shift after bumper year
- Greentech Media: Inside Google’s Bid to Get Granular on Renewable Energy Credits
- Utility Dive: Senate Democrats plan to reintroduce energy tax reform bill, focus on long-term incentives
- Solar Power World: LG Energy Solution will invest $4.5 billion to boost American battery manufacturing
- Bloomberg: California’s Solar Industry Is Getting Sunburned
- PV-Magazine: Huge potential for ‘low-impact’ solar on Long Island, N.Y., roadmap says
Opinion
Best, Yann