50Billion. With 32GW installed last year spanning from utility scale to residential, I would presume we’re close to the $50billion mark especially with project finance giving a 2 for 1 in the construction to perm markets. Add on the storage growth, we’ll cross the $100billion market size soon and keep growing. It’s not just for fun either, we’ve talked about how the market is based on load growth and more energy needs across the board. This has to come from reliable and cheap sources like solar which made up 53% of the new capacity last year.
Premium? What’s your view on domestic versus not? Can you justify and get your investors, board and shareholders comfortable with committing to domestic supply chain or is it economics above all? Would love your thoughts on this.
Phoenix Infocast. I’m coming back! I’ll be in Phoenix on Monday and Tuesday for the Infocast Solar + Wind conference. Would love to see many of you again, if you’re going reach out and say hello.
Opinion
News
1 Utility Dive:
U.S. deployed a record 32 GW of solar generating capacity in 2023 - SEIA
2 Renewable Energy World:
Wood Mackenzie - Solar accounted for 53% of new U.S. generation in 2023 and will keep growing
3 Bloomberg:
Sinking Solar Prices Seen as Threat to US Manufacturing
4 PV-Magazine:
California community solar market lies in limbo
5 Reuters:
Italy's green transition efforts held back by lack of big solar projects
6 Semafor:
After Big Oil’s waves of consolidations, Big Solar could be next
7 Solar Power World:
Import duties may soon be coming to aluminum solar racking
8 Energy Storage News:
EU launches energy storage investment platform Repono, targets 100GWh by 2030
Opinions:
9 Canary Media:
One big downside of LNG exports
Have a great day!
Yann
Opinion
Best, Yann
News
1 PV-Magazine:
This Biden era law has spurred $240 billion in clean energy investment and 170,000 jobs
2 Solar Power World:
Final IRS rules released on IRA direct pay and transferability
3 Axios:
White House moves to stem wave of Chinese EVs
4 Reuters:
The Netherlands shines as key European energy transition driver
5 Heatmap:
Why the SEC’s New Climate Rules Matter
6 Canary Media:
A new Energy Department program aims to recycle wind turbine magnets
Opinions:
7 Utility Dive:
To expand EV charging, merge the gas station and electrify-everything models
Have a great day!
Yann
Opinion
Best, Yann
News
1 Utility Dive:
NERC to file inverter-based resource rule revisions with federal regulators
2 PV-Tech:
EU to support solar manufacturing in face of “very fragile situation”
3 Axios:
Exclusive - New push to cut short-lived climate pollutant emissions
4 Reuters:
EU cannot close borders to solar imports, energy chief says
5 Energy Storage News:
US DOE allocates US$366 million to 17 projects in Energy Improvements in Rural or Remote Areas programme
6 PV-Magazine:
The path beyond 5 TW of solar
7 Bloomberg:
John Kerry, the Forrest Gump of Climate, Bows Out
Opinions:
8 Heatmap:
A Carbon Tax Is Back on the Table
Have a great day!
Yann
Some Stats For You. Electricity demand in 2022 was up 0.5% and grids are estimating a growth rate of 2-5% over the next ten years. But did you know that data centers will use 6% of energy demand in two years? Did you know that your ChatGPT query uses 9 times more energy than your google search? The CCA in Silicon Valley estimates it’s load to double by 2035. All of this will put enormous pressure on planners to figure out a way to say yes to growth opportunities because no Governor wants to hear that a data center didn’t come to their State because no connection was available.
Opinion
News
1 Utility Dive:
IRA implementation is still suffering from regulatory uncertainty, executives say
2 Heatmap News:
Electricity Demand Is Surging for the First Time Since the 1990s
3 Bloomberg:
Europe’s Unusually Mild Winter Is Set to Extend Into March
4 Politico:
EU presses countries to rescue drowning solar industry
5 Axios:
EPA tries the Goldilocks route on power plants
6 Solar Power World:
Senate Democrats ask Treasury to require American-made wafers for solar panel domestic content bonus
7 Energy Storage News:
UK’s Harmony Energy expects ‘attractive returns’ in 2024 as BESS trading conditions improve
8 PV-Magazine:
Alberta lifts moratorium on renewable energy projects
Opinions:
9 Reuters:
Yellen vows to work for closer ties, work on green energy in visit to Chile
Have a great day!
Yann
