This is your SolarWakeup for May 16th, 2023
Next Week In New Orleans. We’re kicking off summer conference season with ACP’s CleanPower conference in New Orleans. This all-renewables event brings together the energy transition to figure out how to kick the IRA into high gear. I’ll be there all week, as FlexGen showcases our energy storage software and services to the industry, if you’re there, make sure to let me know.
Guidance Feedback. IRA tax guidance for domestic adders made for a long weekend and we’re encouraged by Treasuries’ work with industry to craft the first step to a great start to the IRA implementation. Policy often finds the road between advocates and execution that leaves folks somewhat happy and somewhat upset at what more would have helped them but that’s how the sausage is made.
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News
1 Bloomberg:
Ukraine Is Planning Its Green Reconstruction Even as War Rages On
2 Utility Dive:
IRS details which renewable energy components must be made in the US to qualify for IRA tax credits
3 Axios:
Gas-powered cars won't die off any time soon
4 Energy Storage:
Octopus to optimise Masdar’s £1 billion UK battery storage pipeline
5 New York Times:
Times Topics - Solar Energy
6 Reuters:
Vietnam PM approves $135 billion power plan for 2030
7 PV-Tech:
MPC Energy Solutions to develop solar PV plant in Panama
8 PV-Magazine:
PosiGen procures $250 million debt facility to fund energy communities projects
Opinions:
9 Canary Media:
How US school buses are going electric, in four charts
Have a great day!
Yann
This is your SolarWakeup for May 15th, 2023
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News
1 PV-Magazine:
Treasury Department releases guidance on solar domestic content
2 Utility Dive:
How PJM, America’s biggest grid operator, got its reliability report wrong
3 Canary Media:
The EPA has a controversial new plan to clean up power plants
4 ABP News:
Off-grid solar brings light, time and income to remotest villages
5 Bloomberg:
EU Lawmaker Looks to Cap Windfall Profits in Power Price Crisis
6 Reuters:
France lands battery gigafactory with sweeteners, zero-carbon power
7 PV-Tech:
Renewable Energy forms lion’s share of Baywa Group’s Q1 2023 revenue
8 Axios:
The climate gains of urban trees
Opinions:
9 New York Times:
Some U.S. Solar Makers Criticize Biden’s Tax Credits as Too Lax on China
Have a great day!
Yann
This is your SolarWakeup for May 12th, 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 New York Times:
In a Climate Trade-Off, Biden Backs Manchin’s Fossil Fuel Plan
2 Reuters:
France bags battery gigafactory with aggressive lobbying, incentives
3 PV-Magazine:
Solar on industrial rooftops could meet 35% of electricity demand of manufacturing facilities
4 Utility Dive:
DOE directs $26M to PG&E, ConEd and other projects testing how clean energy can support a resilient grid
5 Axios:
EPA issues plan to clamp down on power plant carbon emissions
6 PV-Tech:
Maxeon looking to expand in the US with cell and module assembly plant
7 Energy Storage News:
European Energy Storage Coalition launches, welcomed by EC energy commissioner Simson
8 Canary Media:
New York state just approved publicly owned renewables
Opinions:
9 Bloomberg:
Lithium Industry Finally Pulls Off a Multibillion-Dollar Deal
Have a great day!
Yann
This is your SolarWakeup for May 11th, 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 PV-Magazine:
Biden Administration outlines energy permit reform priorities
2 Reuters:
US Homeland Security Department conducts raids at two Jinko Solar properties
3 Energy Storage News:
IRA tailwinds will take time to translate into revenue growth, flow battery player ESS Inc says
4 Politico:
Are Democrats finally winning the war on coal?
5 Utility Dive:
DOE proposes framework for national transmission corridors to spur new lines, ease grid congestion
6 Bloomberg:
Africa Needs $700 Billion of Finance for Green Energy and Metals
7 Axios:
Microsoft signs nuclear fusion deal as part of sustainability push
8 PV-Tech:
Higher shipments and ASP pushes Array Technologies revenue up in opening quarter
9 Canary Media:
Octopus Energy is bringing clean, distributed energy to the masses
Opinions:
10 Washington Post:
We need an area the size of Texas for wind and solar. Here’s how to halve it.
Have a great day!
Yann
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.
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 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
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:
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
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:
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
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:
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
