This is your SolarWakeup for May 10th, 2023
Shoals Hitting Stride. The freshly public company is making waves for taking share of making solar farms work. While the noise is usually for the big capex, Shoals represents a fraction of the project spend but an important component that makes it all stay operational. This continues to be a great success story in the solar market.
The Texas Gambit. Texas Senate approved an anti-solar piece of legislation this week that would increase regulatory hurdles to achieve development while increasing taxes on the power plants as well. The bill needs to clear the State House to see if it becomes law.
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News
1 PV-Tech:
Shoals Technologies’ adjusted EBITDA up 119% in Q1 2023
2 Utility Dive:
Hawaii leads the way on advanced rate design with default time-of-use rates, fixed charge innovations
3 Washington Post:
Why Texas, a clean energy powerhouse, is about to hit the brakes
4 Bloomberg:
Duke Energy Sees Writedowns for Renewable Unit Being Sold Swelling to $1.5 Billion
5 Axios:
The COVID pandemic was not an oil inflection point
6 Canary Media:
Silicon Valley Bank is back to financing community solar
7 PV-Magazine:
Scientists warn of heat-induced failure risks in HJT glass-backsheet PV modules
Opinions:
8 Reuters:
COLUMN-Drive to keep cool kicks off peak US power emissions season - Maguire
Have a great day!
Yann
This is your SolarWakeup for May 9th, 2023
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News
1 Utility Dive:
PNM proposes non-wires battery pilot to address overloaded feeders at solar facilities
2 Reuters:
Germany will have to import 70% of green hydrogen - econ minister
3 Bloomberg:
Actis Sets Up $500 Million Renewables Platform in Japan
4 News4Jax:
Federal agents issue search warrant at solar panel plant at Cecil Commerce Center
5 Axios:
Intense heat waves occur primarily because of climate change
6 Vox:
Why most car dealers still don’t have any electric vehicles
7 Canary Media:
A California bill could help EVs prevent blackouts
8 PV-Magazine:
The income graduated fixed charges in California will harm customers with low electric bills
Opinions:
9 The Atlantic:
The Billion-Dollar Ponzi Scheme That Hooked Warren Buffett And The U.S. Treasury
Have a great day!
Yann
This is your SolarWakeup for May 8th, 2023
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News
1 Energy Storage News:
US utilities can leverage VPPs to save billions, Google-commissioned report finds
2 New York Times:
Backup Power - A Growing Need, if You Can Afford It
3 PV-Magazine:
NEM 3.0 sparks the growing potential of virtual power plants
4 Bloomberg:
Why the Fight for ‘Critical Minerals’ Is Heating Up
5 Reuters:
Israel to boost energy storage with eye on facilitating Sabbath supplies
6 PV-Tech:
Solar industry reacts to Senate’s vote to remove Biden’s import tax waiver
7 Canary Media:
Chart - EVs could make up more than a third of global car sales by 2030
Opinions:
8 Utility Dive:
As Shell and other oil and gas majors adopt clean energy strategies, how should electric utilities respond?
Have a great day!
Yann
This is your SolarWakeup for May 5th, 2023
NEM Suit Is On. A lawsuit trying to get NEM 3.0 back to the negotiating table is on. My opinion is that advocates should focus on increasing the value of DER and storage in the home to create revenue upside.
Lease, Loan. Platforming Installer Access. The lease is back, you see that in earnings releases but why? Is it because the systems have gotten too complicated? Is net metering confusing the homeowner and they just want an easy button? Or is it in the interest rate spikes? Leases have never been that accessible or profitable for installers so how can they get platformed for installers in a way that gives consumers more choice?
Cinco De Mayo. Happy 5/5! Send me your recommendations for your favorite tequila
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
News
1 Axios:
The tricky politics of the electric vehicle revolution
2 PV-Magazine:
California utilities commission sued for gouging rooftop solar payments
3 Utility Dive:
New York Power Authority given broad authority to own, operate, build and finance renewable energy projects
4 Bloomberg:
Solar Panel Orders Point to Clean Energy Boom From US Climate Law
5 Reuters:
Exclusive - India amends power policy draft to halt new coal-fired capacity
6 Solar Power World:
Solar and Storage Industries Institute starts year long project to reform large-scale interconnection practices
Opinions:
7 Energy Storage News:
Australia to begin ‘energy storage target’ tenders this year, details to come in Budget
Have a great day!
Yann
This is your SolarWakeup for May 4th, 2023
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News
1 Reuters:
Texas grid operator says renewables needed to cover peak demand
2 Bloomberg:
Energy Crisis Prompts Thailand to Accelerate Shift to Renewables
3 New York Times:
Congress Clashes With Biden Over Tariffs on Illegal Chinese Solar Panels
4 PV-Magazine:
Solar assets are underperforming expectations by 8%, what is the root cause?
5 Axios:
COP28 negotiating positions emerge during talks in Germany
6 PV-Tech:
VPPs to save US utilities up to US$35 billion in next decade
7 Energy Storage News:
Clean energy groups slam Republicans’ attempt to repeal Inflation Reduction Act
8 Canary Media:
Are new solar tariffs coming soon? Here’s what you need to know
Opinions:
9 Utility Dive:
Edison International CEO Pizarro backs Western RTO, highlights SCE efforts to prep grid for heavy duty EVs
Have a great day!
Yann
This is your SolarWakeup for May 3rd, 2023
Cost Of Success, TBD. John Podesta is absolutely correct. Tax credits have a mission to stimulate a certain investment behavior, hence investment tax credit. Without massive regulatory or government investment available to rebuild an aging grid infrastructure and domestic manufacturing complex, investment tax credits move private dollars towards a goal. The tax code in the United States has always been the business strategy handbook, all the way back to the first pay for service fire department. The manufacturing tax credit, solar ITC and hopefully the storage tax credit will beat the CBO estimates and drive more invested capital than originally thought, that would be the measure of absolute success for the Country and ratepayers.
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
News
1 Reuters:
Increased green tax-credit costs are a sign of success, White House's Podesta says
2 Axios:
The Supreme Court's next climate fight
3 Bloomberg:
Ex-Gunvor Trader Bets on Batteries to Ease Swedish Power Deficit
4 Utility Dive:
Indiana utilities gain ‘right of first refusal’ to build transmission lines amid MISO buildout
5 Solar Builder:
Classes begin at new Sustainability Hub green job training center in Chicago
6 PV-Tech:
1.1GW worth of solar contracts awarded in NSW renewables tender
7 PV-Magazine:
Oregon utility’s IRP calls for 400 MW energy storage development
Opinions:
8 New York Times:
Jay Inslee Sees Greener Pastures Ahead
Have a great day!
Yann
This is your SolarWakeup for May 2nd, 2023
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
News
1 Bloomberg:
Brookfield Eyes Green Steel for Multibillion New Transition Fund
2 Des Moines Registers:
MidAmerican can move ahead with its proposed $3.9 billion WindPrime request. But will it?
3 Utility Dive:
Southwest Power Pool study could inform Texas efforts to shore up reliability - PUCT commissioner
4 Axios:
Global ocean temperatures spike to record levels as El Niño nears
5 Reuters:
EXPLAINER-Wanted - More skills for workers as green jobs grow
6 PV-Magazine:
LG launches U.S. residential energy storage system
Opinions:
7 Canary Media:
How quickly can trucking decarbonize? California is about to find out
Have a great day!
Yann
This is your SolarWakeup for 1st May, 2023
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News
1 Axios:
Firm that sells clean energy to consumers gets $100-million boost
2 Reuters:
US House votes to repeal Biden solar tariff waiver
3 Utility Dive:
FERC close to final interconnection rule, interregional transfer proposal
4 Bloomberg:
Solar Developers Seen Safe From 254% Tariff After House Vote
5 Grist:
Electrify everything, California says — including trucks and trains
6 PV-Tech:
RWE sees declined adjusted EBITDA in onshore wind and solar despite improved group business
7 Canary Media:
Battery firms set to thrive under new California rooftop solar regime
8 PV-Magazine:
First Solar Q1 2023 revenue down, with investments in U.S. facilities taking precedent
Opinions:
9 New York Times:
Looking for a Climate Career? They Might Have the Answer.
Have a great day!
Yann
This is your SolarWakeup for April 28th, 2023
Changing Rules, Change Markets. Whenever rules change, so must markets oftentimes with a valley before heading back to a peak. Resi solar had bright days with low interest rates and stable regulatory rules that were upended by incumbents looking to change the consumer dynamic. Now the industry will regroup, adjust to different capital markets and system designs that ultimately will make the homeowners more likely to benefit for more of their energy bill, but it will take time. Which companies enable installers to be successful will also be up to change, the lease is coming back but so are the technical capabilities of the proposal tool and ultimately the banding together of installers will be reality.
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
News
1 Utility Dive:
Rep. Casten, ex-FERC chairs eye DERs, more power sector competition to achieve net zero goals
2 PV-Magazine:
Shoals Technologies and Brookfield Renewable launch EV charging-as-a-service
3 Vox:
How to fix clean energy’s storage problem
4 Solar Power World:
Final AD/CVD decision on Southeast Asian solar cells and panels pushed to August
5 Axios:
Where air pollution is improving — and where it's worsening
6 PV-Tech:
Sunnova aims to double adjusted EBITDA in 2023, posts 146% Q1 revenue increase
7 Energy Storage News:
Clean energy groups slam Republicans’ attempt to repeal Inflation Reduction Act
Have a great day!
Yann
This is your SolarWakeup for April 27th, 2023
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
News
1 Bloomberg:
Power Grids Start to Sizzle as Heat Waves Portend Blazing Summer
2 Wall Street Journal:
Rooftop Solar - Ain’t No Sunshine
3 PV-Magazine:
Enphase posts lower Q1 23 earnings, comments on NEM 3.0 market adaptation
4 Utility Dive:
‘Billions of dollars sitting on the sidelines’ - NextEra executives cite big plans for renewables, hydrogen
5 Axios:
Climate pledge mobilizes $120M to focus on environmental justice
6 Reuters:
Netherlands to spend $31 billion in drive to meet 2030 climate goals
7 PV-Tech:
Nevados supplies trackers requiring limited grading to Energix Renewable’s projects in Virginia
8 Energy Storage News:
US commercial and industrial battery storage moves from Xcel, Generac, Urban Electric Power
9 Canary Media:
How the rooftop solar industry is adapting to California’s new rulebook
Opinions:
10 New York Times:
New Rules for Power Plants Could Give Carbon Capture a Boost. Here’s How.
Have a great day!
Yann
