The Talking Points. Yesterday I hosted our (FTC Solar) earnings call. While most of my commentary that you can listen/read to on our investor page were centered around the amazing reception I have gotten from the solar community, I was certainly asked about the policy outlook given the election results. So I want to share with you what I said because I think the unknown is drowning out the things we do know.
- From 2017 to 2020, solar grew from about 11GW to 19GW
- Last year solar was a $60billion market and the main generation source driving the build out for the growing demand for electricity
- The ITC has been extended while both parties have been in power, including during Trump’s first term
- Tariffs and duties have been put in place while both parties have been in control of the White House
- There are nearly 45GW worth of domestic plants plants operational and some estimates have 85% of those investments in republican congressional districts
- Last month, 18 members of the House GOP signed on to support the solar tax credits in a letter to the Speaker of the House
- New York Times: Britain Sets Out to Be a Clean Energy Destination
- Solar Builder: Utility rate escalation is trending up according to new study
- Renewable Energy World: FERC allows PJM to delay capacity auctions by six months
- Utility Dive: PNM plans to join California ISO’s day-ahead market beginning in 2027
- Bloomberg: Indian State-Backed Firm’s Unit Seeks $12 Billion Valuation in Green-Energy IPO
- Axios: Report: Extreme weather cost world $2 trillion in 10 years, U.S. worst hit
- Reuters: Indonesia to build 75 GW of renewable energy in the next 15 years, COP29 envoy says
- PV-Tech: Eastern European solar has ‘untapped potential’, says Trinasolar
- Energy Storage News: ‘Establish national targets for energy storage,’ IRENA Coalition for Action says
- Canary Media: This DOE-backed software is helping to unclog the grid
- PV-Magazine: Two Wisconsin solar projects financed through asset purchase agreement
Opinion
Best, Yann