Solar Shifts Grid’s Weak Point. No way around it, it’s hot out there. We can’t see what the grid pressures are in Florida but in Texas the grid has been on the verge of major issues, reaching nearly 80GW of demand for over a week. There have been outages, calls for voluntary demand side management and major price spikes. Billions of dollars will exchange hands and hopefully customers don’t have unfixed rate schedules. Because this is a heat wave related spike, solar has been a mainstay in the daytime production, releasing generation side pressures that the grid operators would see without solar. That means that solar’s shoulder times has been the pressure point for the grid. There’s no doubt that ERCOT, and most other ISOs, need nearly 1x peak demand in resilience with dispatchable assets or generation.
Era Of Factory Growth. Another major factory win, two phases this time, with Vikram solar. The first phase is a solar module factory worthy of $250mm of investments but the second phase brings over $1bb for an ingot/wafer/cell factory. All of this in Colorado!
The Lender You Can Depend On. In a market that is full of uncertainty, you can rely on Dividend Finance to bring you white glove service to help you reach your long-term goals. Apply Here
- New York Times: Facing Brutal Heat, the Texas Electric Grid Has a New Ally – Solar Power
- Yahoo: Heat is battering Texas’s power grid. Are giant batteries the answer?
- Axios: The politics of Biden’s battery support
- Solar Power World: Vikram Solar picks Colorado for 2-GW solar panel factory
- PV-Tech: Intensive R&D and engagement with developers prerequisite to all-terrain tracker solutions – Nevados
- Utility Dive: Conventional generation outages set a record in 2022 – NERC
- Bloomberg: Puerto Rico Eyes Cutting Utility Bond Offer by Half
- Reuters: Renewables growth did not dent fossil fuel dominance in 2022, report says
Opinion
Best, Yann