This is your SolarWakeup for March 14th, 2023
March Madness Bracket. It’s time to get your bracket in for this year’s SolarWakeup March Madness tournament. There is no cost to enter and you can know as much about NCAA as me to make your picks, i.e. no knowledge required. Login to your ESPN account or click here and find the SolarWakeup group. The winner gets to write this column about the topic of your choice. Feel free to forward this to your colleagues and friends in the industry as well. (If you want proper shout outs while leading, make sure to pick a name that identifies you)
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:
Red Tape Is Holding Up a Greener Future
2 Energy Storage News:
Energy storage given ‘strongest legislative treatment yet’ in leaked European Commission Electricity Market Design
3 Axios:
Congress braces for flare-up over Biden's solar panel move
4 Utility Dive:
ISO-NE - Annual capacity auction closes with sufficient power system resources for 2026-2027 capacity year
5 Reuters:
Biden administration approves massive Willow oil project in Alaska
6 PV-Magazine:
BREAKING - Silicon Valley Bank financed 62% of community solar
7 Canary Media:
Georgia’s big new nuclear reactors could be the last built in the US
Opinions:
8 GreenBiz:
The first rule of ESG
Have a great day!
Yann
This is your SolarWakeup for March 13th, 2023
March Madness Bracket. It’s time to get your bracket in for this year’s SolarWakeup March Madness tournament. There is no cost to enter and you can know as much about NCAA as me to make your picks, i.e. no knowledge required. Login to your ESPN account or click here and find the SolarWakeup group. The winner gets to write this column about the topic of your choice. Feel free to forward this to your colleagues and friends in the industry as well.
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:
Texas Power Grid May Need ‘Breath of God’ to Keep Cool in Summer
2 Reuters:
Solar firms Sunnova and Sunrun shed light on exposure to Silicon Valley Bank
3 New York Times:
Silicon Valley Bank Collapse Threatens Climate Start-Ups
4 PV-Magazine:
Inside transferability, or selling renewable energy tax credits
5 Axios:
Thousands without power as strong atmospheric river floods California
6 PV-Tech:
EU countries offer renewables sector higher funding to prevent relocation
7 Solar Power World:
SEIA publishes guidelines for building less import-reliant solar supply chain
Opinions:
8 Utility Dive:
Solar industry aims for 2023 rebound, but year ahead remains deeply uncertain
Have a great day!
Yann
This is your SolarWakeup for March 10th, 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 Axios:
Biden admin urges oil companies to speed up low-carbon efforts
2 PV-Tech:
IRA to grow US solar and storage manufacturing workforce to 115,000 by 2030 – SEIA
3 Utility Dive:
NREL to test real-time utility meter data as resilience solution amid rising renewable energy adoption
4 Solar Power World:
Tariffs, equipment detainments caused U.S. solar market to decrease 16% in 2022
5 Bloomberg:
Sunshine, Heat and Bitcoin Will Reshape Electricity in Texas
6 Energy Storage News:
Mercedes-Benz Energy CEO
7 Canary Media:
DOE launches $6B program to slash emissions from heavy industry
8 PV-Magazine:
Silfab Solar raises $125 million for U.S. cell and module manufacturing
Opinions:
9 Reuters:
Column - The ironic side effects of the rapid global energy transition
Have a great day!
Yann
This is your SolarWakeup for March 9th, 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 Reuters:
U.S. solar installations fell 16% in 2022, but market rebounding -report
2 Utility Dive:
New Jersey seeks up to 4 GW of offshore wind in latest solicitation
3 Bloomberg:
China Solar Firm Says US Should End Tariffs For Its Own Good
4 PV-Tech:
Origis Energy obtains US$750 million credit facility for US solar, storage pipeline
5 Energy Storage News:
Energy Vault posts US$146 million revenues in 2022, expects 2-3x that in 2023
6 Canary Media:
Google’s huge solar buys help fund efficiency fixes for low-income homes
7 PV-Magazine:
Bipartisan Michigan bill would unlock community solar market
Opinions:
8 New York Times:
Clean Energy Is Suddenly Less Polarizing Than You Think
Have a great day!
Yann
This is your SolarWakeup for March 8th, 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 Reuters:
CERAWEEK Biden climate law will stumble without permitting reform, industry warns
2 PV-Magazine:
Renewables merger and acquisition strategies are shifting
3 Bloomberg:
Battery Bonanza Is Being Sparked by Coal’s Exit in Australia
4 Energy Storage News:
Sweden battery storage market to grow 2-4x in 2023
5 Axios:
Kerry - China tensions hurting climate talks
6 Politico:
Anti-ESG comes for the insurance industry
7 Solar Builder:
VPP software provider Shifted Energy closes $4.3M funding round
8 PV-Tech:
Silicon wafer prices rise as supply tightens
Opinions:
9 Canary Media:
California’s plan to electrify trucking may be hard for small companies
Have a great day!
Yann
This is your SolarWakeup for March 7th, 2023
Palmetto Loads Up. The solar marketplace, Palmetto, is bringing in another $150million from TPG’s Rise Climate Fund. This is the same fund that invested heavily into Nextracker last year ahead of that company’s IPO.
News
1 Solar Builder:
TPG Rise Climate invests $150M in residential solar marketplace Palmetto
2 PV-Magazine:
Solar, wind, storage account for 82% of new U.S. capacity additions
3 Bloomberg:
Baker Hughes Plans for Multiple Years of Growth
4 Utility Dive:
New White House cyber strategy could drive utility costs higher, warns security expert
6 Axios:
Over 190 countries reach historic deal to protect oceans
7 PV-Tech:
RWE’s US renewables pipeline soars after completing Con Edison Clean Energy Businesses acquisition
8 Energy Storage News:
Volvo Penta launches battery storage sub-system solution
Opinions:
9 Canary Media:
There’s a push underway to help more US farms save big with clean energy
Have a great day!
Yann
This is your SolarWakeup for March 6th, 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 Energy Storage News:
Ameresco to get 2.1GWh BESS project for Southern California Edison to ‘substantial completion by summer’
2 Utility Dive:
FERC orders PJM to revise plan for DER aggregations; Enel ‘encouraged’ that single-node limit may be lifted
3 PV-Magazine:
Renewable energy institutional investment has gone “from niche to mainstream”
4 PV-Tech:
Array Technologies bounces back from 2021 as revenue jumps 50% in 2022
5 Axios:
Tornadoes reported in Texas and Louisiana as storms lash the South
6 Solar Power World:
8 tips for solar customers as California’s NEM 3.0 begins
7 New York Times:
The coal challenge
8 Canary Media:
Will the feds approve any of the new small modular nuclear reactors?
Opinions:
9 Bloomberg:
What Is a Heat Pump and Why Does Elon Musk Want to Put One in Your Home?
Have a great day!
Yann
This is your SolarWakeup for March 3rd, 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 NPR:
1A Remaking America - Can Solar Power Help Fix Drought-Ravaged Farmlands?
2 Canary Media:
Here’s the good and bad news on the US clean energy transition
3 Bloomberg:
Republicans Are Splitting Their Party Over Clean Energy
4 Utility Dive:
RWE completes $6.8B acquisition of Con Edison Clean Energy Businesses
5 Axios:
Solving oil's Goldilocks problem
6 Reuters:
Portugal's EDP to invest $27 billion to nearly double renewable capacity
7 PV-Tech:
Shoals Technologies sees revenue and EBITDA up 50%, announces interim CEO
8 Energy Storage News:
Energy storage everywhere at once - Inflation Reduction Act creates viable clean energy economics
9 PV-Magazine:
U.S. solar workforce needs to double in less than a decade
Opinions:
10 NYTimes:
The Promise and Peril of Biden’s Climate Policy
Have a great day!
Yann
This is your SolarWakeup for March 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:
Australia Prepares for a Power Grid Without Spinning Turbines
2 The Guardian:
Solar to soon offer grid more capacity than coal, consultancy says
3 Utility Dive:
NARUC examines how states can make power grids more flexible with performance-based mechanisms
4 Reuters:
Factbox - Tesla CEO Musk to unveil Part 3 of Master Plan at Investor Day
5 Energy Storage News:
Available Power and Hitachi Energy’s JV entity target 1GW deployments in Texas market
6 Canary Media:
Here’s the good and bad news on the US clean energy transition
7 PV-Magazine:
OYA Renewables closes financing for New York community solar pipeline
Opinions:
8 Grist:
US solar and wind surged in 2022
Have a great day!
Yann
This is your SolarWakeup for March 1st, 2023
Reserve Margins Shrinking. It’s not the physics that will make a market but the grid operators that take the physics, or in this case the fact that reserve capacity is shrinking, and create the pricing signals that will drive a market forward. For PJM, the vast expanse of the grid, addition of a lot of renewable energy like offshore wind, and retiring power plants, will require more flexibility in the grid in addition to the additional capacity that will need to be built. In the meantime, we know what the grid needs but grid needs are not enough to get project developments through an investment committee.
Tax Credits Drive Markets. Economic growth and investments in the US economy have long been directed through tax credits. While some consider this government aid, it’s really a driver to move private capital into direct investments for economic growth. Mortgage tax deductions and charitable donations are there to incentivize particular use of your personal dollars. MACRS bonus depreciation or manufacturing tax credits do the same, create a positive financial adder to the overall investment thesis that the economy is looking to expand beyond organic growth. If the tax credit doesn’t work, it costs zero. If it works, you get economic growth, so you have a win-win situation.
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:
PJM capacity prices fall 15% for most of grid operator’s footprint as total cost remains steady at $2.2B
2 Bloomberg:
GOP Governors Tout Green Bona Fides Amid Anti-ESG Backlash
3 New York Times:
Biden Is Betting on Government Aid to Change Corporate Behavior
4 Energy Storage News:
West Virginia governor Justice officially signs off on US$105 million for Form Energy’s iron-air battery plant
5 Renew Economy:
Rooftop solar set to eclipse coal as installations reach more than 20GW
6 Reuters:
Japan can achieve 90% clean power share by 2035, US study finds
7 PV-Magazine:
Where renewable energy policies are working in 2023
Opinions:
8 Solar Builder:
Report - Over $82M in solar revenue lost due to equipment anomalies in 2022
Have a great day!
Yann
