The Matchmaking, Part 2. Impressive how many folks reached out yesterday and it feels like there are more mega projects looking for capital than I’ve seen in a long time. I’m curious as to what it takes to connect folks given that so many of you in the IPP world are always complaining that there aren’t enough projects and delays on delays. We’ll do our best to move some relationships forward and align. If you’re a buyer of projects, reach out.

• Utility Dive: IRS finalizes direct pay rules, increasing access to IRA’s clean energy tax credits
• Renewable Energy World: Meta, Amazon, and Google lead the way in corporate clean energy procurement
• Axios: UN climate summit starts week two with uphill battle
• Reuters: Europe’s economic woes may worsen as key power prices rise
• Economist: Casey Handmer says solar power is changing the economics of energy
• PV-Tech: China to decrease export tax rebate rate for some PV products to 9%
• Energy Storage News: Increased emphasis on domestic content since US election, but storage still lags behind solar
• Canary Media: Voters in Ann Arbor, Michigan, create a local clean energy utility
• PV-Magazine: United States on track to install 0.7 GW of floating solar by 2033 

Opinion

• Bloomberg: Biden Climate Czar – Abandoning Green Transition Is ‘Economic Malpractice’

Best, Yann

The Matchmaking. Now that I’ve been back in solar for three months it’s time to revive one of the original successes of SolarWakeup which was to open the communication dialogue and connect capital with project pipeline. There’s an insatiable need for energy and to deploy capital, so let me know what you’re looking for. Do you have a project ready for capital? Do you have capital looking for a home? Hit reply to this email and I’ll do my best alongside my team to connect the dots between you. 

• Reuters: Spain’s Endesa bolsters three-year investment plan to $10 billion, focus on grids
• PV-Magazine: A fast interconnection process like that used in Texas is widely supported
• PV-Tech: Trump presidency ‘unlikely’ to derail energy transition – WoodMac
• Utility Dive: New Jersey proposes incentives for grid-connected, distributed energy storage
• Bloomberg: Trump’s DOE Pick Wants to Live With Climate Change — Not Fix It
• New York Times: The United States has burned more fossil fuels than anywhere else in history.
• Energy Storage News: Gore Street gets US$80 million financing increase for California BESS project, global pipeline
• Canary Media: Google Nest spinout picks Texas for 1GW virtual power plant

Opinion

• Renewable Energy World: A theory emerges explaining Maxeon’s ongoing problems with customs

Best, Yann

• Reuters: European oil giants step back from renewables path
• Utility Dive: Trump taps North Dakota Gov. Burgum to run Interior, new national energy council
• Axios: Early reads on Trump’s new energy team
• Solar Builder: Compass Group Equity Partners invests in Baja Carports
• Renewable Energy World: MISO’s DER affected systems studies are delaying interconnections
• PV-Tech: Massachusetts passes climate bill, includes siting and permitting reform
• PV-Magazine: Californian lithium sulfur battery maker lightens the load for Northvolt

Opinion

• Canary Media: Move over, data centers. US steel mills need lots of clean power too.

Best, Yann

• Canary Media: California’s rooftop solar is a benefit, not a cost, to the state
• Reuters: Trump picks oil-industry CEO Chris Wright as energy secretary nominee
• New York Times: At COP29, Climate ‘Optimism Has Been Dampened’
• Bloomberg: Asset Managers Bet Grid Stocks Will Soar in Trump’s Anti-ESG Era
• Utility Dive: Natural gas supply is a bulk power reliability risk this winter – NERC
• Axios: Biden on Amazon visit says “nobody can reverse” clean energy progress
• PV-Tech: Brazil increases import tariffs on solar modules to 25%
• Solar Power World: Intersolar & Energy Storage North America acquires Midwest Solar Expo
• PV-Magazine: Polysilicon prices decline amid rising inventories, weak demand

Opinion

• Energy Storage News: Irresponsible to turn back on LPO-enabled clean energy investments now, says DOE spokesperson

Best, Yann