This is your SolarWakeup for June 2nd, 2023
A Global View. 2023 is likely to be a banner solar and wind year globally, expected to add over 400GW of total capacity around the world. With Russia’s invasion of Ukraine taking a volatility mallet to the EU gas market, it was just yesterday that Ukraine saw defensive positives in the distributed nature of wind farms. In total that brings the installed capacity to 4,500GW globally for wind and solar. The as available nature is going to require some storage I presume…
Permit Expediting. Europe is tired of waiting for projects that they want, and investors are willing to invest in, to get built because the permits aren’t getting approved. A new directive is going to make it 2 years maximum to get a project approved and 1 year for a repower. With as much existing capacity that exists, I can see colocation of some batteries in the future as well, given the success we’ve seen in the UK market. There are 58GW in permitting stages awaiting approval, possibly igniting a new stage of growth in the EU markets.
Taking A Manufacturing Victory Lap. Treasury released additional guidance for the $10billion in manufacturing tax credits this week and trade groups can take a victory lap for bringing the US manufacturing sector back to life. Press releases barely get highlighted anymore but that’s exactly what this exciting market needed after years of advocacy to get the IRA done.
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 Associated Press:
Renewable energy surges, driven by solar boom and high fuel prices, report finds
2 Reuters:
Europe on verge of permitting leap for wind, solar farms
3 Utility Dive:
Treasury issues further guidance for IRA’s $10B tax credit incentivizing clean energy manufacturing
4 Axios:
Exxon strikes CO2 capture deal with steel giant Nucor
5 PV-Tech:
TotalEnergies sells ‘most of’ its climate venture capital assets to Aster
6 Energy Storage News:
RWE starts building Germany’s two largest BESS projects
7 PV-Magazine:
U.S. solar deployment to grow 40% this year, remains lowest-cost option
Opinions:
8 GreenBiz:
Stalled energy projects may finally move forward
Have a great day!
Yann
This is your SolarWakeup for June 1st, 2023
DC Work Remains. Next week I’ll be in Washington DC at the Secure Renewables conference. Solar used to be the niche, I recall a legislative effort to get solar to 2% of the portfolio. It’s more than just niche now that hundreds of billions flow into the sector annually. With the addition of energy storage, the role that our generation plays with our grid security is enhanced and widely underreported. How to control, manage and monitor these assets has to be given due regard and I look forward to hearing from the experts next week while in town. You can find more about the conference here.
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 Falls Short of Its Big Grid Overhaul After Deadly Winter Storm
2 Axios:
Canada wildfire smoke triggers air quality alerts in Northeastern U.S.
3 Reuters:
Texas battery rush
4 Energy Storage News:
Energy storage central to Newsom’s updated Clean Energy Transition Plan for California
5 Canary Media:
Clean energy dodges a bullet in the Texas legislature
6 PV-Magazine:
Global battery market forecast to grow 186% by 2025
Opinions:
7 Utility Dive:
Full industrial electrification could more than double US power demand. Here’s how renewables can meet it.
Have a great day!
Yann
This is your SolarWakeup for May 31st, 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:
Why the debt bill's energy provisions are a BFD
2 Reuters:
Exclusive - India considers cutting solar panel import tax to make up domestic shortfall
3 PV-Magazine:
Global investment in clean energy nearly doubles that of fossil fuels
4 Utility Dive:
California energy players fear isolation, reliability impacts as SPP eyes Western market expansion
5 Bloomberg:
Solar and EV Booms Push China Toward Energy Tipping Point
6 Canary Media:
A backed-up grid threatens clean energy growth from Virginia to Illinois
7 Houston Chronicle:
Texas lawmakers reauthorize the state’s utility regulator after last-minute hurdle
Opinions:
8 New York Times:
The New Climate Law Is Working. Clean Energy Investments Are Soaring.
Have a great day!
Yann
This is your SolarWakeup for May 30th, 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:
Solar module prices at two-year low, deployment to reach 300 GW this year
2 Solar Power World:
California Senate Budget Committee proposes $400 million investment in community solar + storage
3 Bloomberg:
Germany’s Solar Power Generation Hit Record High at Weekend
4 New York Times:
Ukraine Sees New Virtue in Wind Power
5 Axios:
California may ban fossil fuel investments by pension giants
6 Reuters:
Aussie billionaires’ solar spat enters new phase
7 Solar Builder:
Enphase IQ Battery 5P is its most powerful yet
8 PV-Tech:
Solar accounted for 16% of California’s electricity sales in 2021
9 Energy Storage News:
Arizona utility APS signs 20-year tolling agreement with Strata for 1GWh BESS
Opinions:
10 Utility Dive:
Biden’s new EV mandate needs private sector participation to succeed
Have a great day!
Yann
This is your SolarWakeup for May 26th, 2023
Back From NOLA. Congrats to the team from ACP for a successful CleanPower event. 3 days in New Orleans definitely prepare the industry for the week we have to spend in Las Vegas later this year for RE+! The trend was obvious for 2023 and 2024 beyond the IRA, it’s all about asset performance and optimization. Getting projects to work as expected or better is where the focus is, nobody is interested in someone coming in and trying to cut corners to get deals done. Big thanks to the friends that I got to spend time with over the past few days, those that are learning about storage with me and particularly those that are trying to learn about storage software from me, I appreciate your patience!
A Crazy Thought. I’ll put a crazy prediction out there, adding storage to existing solar farms is going to be big new trend in development and offtakers should work with their PPA generators to add that addendum to the contract.
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 Wall Street Journal:
Investments in Solar Power Eclipse Oil for First Time
2 Utility Dive:
No ‘silver bullet’
3 Bloomberg:
California Can Hit Its Clean Power Goals, Governor Newsom Says
4 Axios:
"Clean" energy spending is outpacing fossil fuels
5 Reuters:
Power transmission deal being mulled in US debt limit talks -sources
6 Energy Storage News:
UK developer Pulse Clean Energy secures US$215 million for BESS pipeline
7 Canary Media:
3 ways Minnesota is crushing it on climate action
Opinions:
8 PV-Magazine:
U.S. Government eyes $9 billion liftoff for long duration energy storage by 2030
Have a great day!
Yann
This is your SolarWakeup for May 25th, 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 Politico:
House fails to override Biden veto of solar tariff resolution
2 Canary Media:
Rural electricity is getting its biggest boost since FDR — here’s how
3 Utility Dive:
US electrical steel shortage threatens energy transition, recovery from power outages, groups warn Biden
4 Bloomberg:
Biden Taps Energy Department to Find Climate-Friendly Alternatives for Jet, Shipping Fuels
5 Reuters:
Record solar power generated in New York state -grid operator
6 PV-Tech:
SNEC 2023 LIVE
7 Energy Storage News:
‘New era’ begins for Minnesota solar and storage market as US$80 million incentives package passed
8 PV-Magazine:
Toyota to procure 100 MW of solar from reclaimed Kentucky coal mine site
Opinions:
9 Axios:
Making sense of the rift over COP28
Have a great day!
Yann
This is your SolarWakeup for May 24th, 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:
Speeding up US power grid connection 'top priority', FERC chairman says
2 Bloomberg:
China’s Record-Breaking Push to Dominate Solar Tech Will Spur Clean Energy Across The World
3 PV-Tech:
CAISO approves transmission plan to support 17GW of solar over next decade
4 New York Times:
Australia Tries to Break Its Dependence on China for Lithium Mining
5 Axios:
José Andrés unveils U.S. food and climate institute
6 Albuquerque Journal:
Thousands of New Mexicans one step closer to having access to community solar installations
7 Canary Media:
Solar developers face uncertainty amid local pushback in Ohio
8 PV-Magazine:
PVEL releases ninth edition of PV Module Reliability Scorecard
Opinions:
9 Utility Dive:
California’s ‘zonal’ approach could revamp clean energy planning, shrink interconnection queue - experts
Have a great day!
Yann
This is your SolarWakeup for May 23rd, 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:
Unpacking the Group of Seven's climate outcome
2 Bloomberg:
European Gas Prices Drop as Goldman Sees Fuel-Switching Floor
3 Washington Post:
Oklahoma lures Enel solar panel manufacturing facility with $180M incentive package
4 Reuters:
German energy regulator to study power grid returns
5 Solar Builder:
Ohm Analytics
6 PV-Tech:
Aggreko to finance 500MW US farming community solar portfolio
7 Energy Storage News:
Northvolt completes construction of Poland ESS factory
8 PV-Magazine:
CAISO transmission plan to support 17 GW of solar within a decade
Opinions:
9 Utility Dive:
As Texas eyes new gas power plants, ‘probably the most important bill for grid reliability is effectively dead’
Have a great day!
Yann
This is your SolarWakeup for May 22nd, 2023
CleanPower 2023. I’ll be heading to New Orleans this week for CleanPower 2023. If you’re there, come find me in the FlexGen booth or reach out.
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:
Residential solar developer Suntuity to go public
2 Utility Dive:
FERC summer reliability assessment finds bright spots - low gas prices, reduced drought, more generation
3 Bloomberg:
California’s Newsom Says State Needs Infrastructure Boom Bigger Than Any in Decades
4 Axios:
Exclusive - The new fault lines on energy permitting
5 Reuters:
California grid operator signs off on $7.3 billion of power lines
6 PV-Tech:
SunPower appoints ex-AEMO executive to board of directors
7 Energy Storage News:
Canadian Solar kicks off ‘transition year’ with 18MWh of storage shipments in Q1
8 Canary Media:
Crunching data to keep EVs from overloading California’s grid
Opinions:
9 New York Times:
The U.S. Needs Minerals for Electric Cars. Everyone Else Wants Them Too.
Have a great day!
Yann
This is your SolarWakeup for May 19th, 2023
Physics Versus Markets. Everywhere you look, the need for power market reforms is obvious. Transportation is electrifying, but are we speeding up the permitting for new charging stations? Trucking is going electric, but how will distribution centers get utility service to charge 100 trucks simultaneously? Grid operators are sounding the alarm about capacity reserves, yet auctions aren’t clearing rates to build new assets and even if they did, would projects get interconnections in time? Offshore windfarms will join congested grid connections without adequate flexibility at those POIs. My point is that we know that the grid needs more intelligent flexibility but market or pricing signals are not coming fast enough to deploy the trillions of dollars necessary. This is not a unique problem to the US, grids are not keeping up with the needs of tomorrow’s economy.
News
1 Reuters:
National Grid CEO calls for urgent policy reforms to speed energy transition
2 NPR:
China dominates the solar power industry. The EU wants to change that
3 Utility Dive:
As Sen. Carper releases permitting reform proposal, White House vows to update NEPA rules
4 Bloomberg:
Shell Demands Profit From Green Energy, Not Just CO2 Cuts
5 Axios:
Corporate heavyweights unveil major carbon removal deal
6 Solar Power World:
NC net-metering changes pushed from July to October
7 Canary Media:
How robots could dramatically speed up solar farm construction
8 PV-Magazine:
Hot topics at RE+ Southeast renewable energy conference
Opinions:
9 Los Angeles Times:
Would you want a big wind or solar farm in your community? We took a survey
Have a great day!
Yann
