This is your SolarWakeup for October 16th, 2023

Coastal Congestion. I’m not talking about the traffic in my neighborhood when New Yorkers and Canadians come to Florida, we’re talking about the grid. Generally, grids send a signal based on congestion pricing to entice more ancillary services to deliver in that node. The interesting aspect of this is that most of the offshore wind has interconnection points at the coastal region nearest the power plants. So if you imagine the wires connecting the turbines together, adding the power together and then running a wire from there to the grid where it needs to deliver energy. That interconnection points needs to be a stable foundation so it not only eliminates stress on the grid but also is able to accept the massive power coming from the offshore wind farms. That’s what the Orsted exec in the top article is trying to point out, the grid needs to be able to manage the influx at those interconnection points.

Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.

Opinion

 

Best, Yann