Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.

• Utility Dive: The energy storage space is heating up. Here are some of the technologies making a dent.
• Bloomberg: The Ohio Mayor Looking for Climate Solutions at COP28 in Dubai
• New York Times: Renewable Energy Could Be a Casualty in the War on Inflation. Here’s Why.
• Axios: Sober climate data shows why COP28 matters
• Reuters: US wind power generation on course to surpass coal
• PV-Tech: COP28 – 118 countries sign pledge to treble renewables by 2030 to 11TW
• Renewable Energy World: Hawaiian Electric to test new time-of-use rates to encourage use when solar is cheap
• Energy Storage News: COP28 – Multilateral consortium sets 5GW battery storage goal to reduce global energy poverty

Opinion

• PV-magazine: RFP alert – New York seeks “expedited” solar

Best, Yann

Inverters Up To Par. NERC continues to be concerned about solar farms and their inverters’ ability to handle grid issues without tripping off. Losing GW of power generation is troublesome for a grid that would then potentially trip off other generation in a zipper effect like has happened in the past. Ultimately there’s a mismatch around specifications and controls being unimportant to developers compared to the value that they represent to the grid operators and asset owners especially as they are asked to keep up with new generation. Will existing solar assets have to find ways to comply with these revised standards and will new projects follow them, meaning will the capital markets require this of new builds.

Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.

• Utility Dive: 5.2 GW of solar resources at higher risk of tripping offline during grid disturbance – NERC
• Axios: COP28’s smooth start could lead to tougher talks
• Reuters: US Treasury swamped by demand for bonus wind, solar tax credits in low-income areas
• Renewable Energy World: Dominion CEO Bob Blue on offshore wind, batteries, and the utility’s role in the energy transition
• Energy Storage News: ‘Sadly neglected’: UK’s new Battery Strategy misses potential of BESS, trade group says
• PV-Magazine: SolarEdge expected to drop from S&P 500
• Canary Media: California regulators cut incentives for rooftop solar even further

Opinion

• Bloomberg: Tripling Renewables Is Difficult But Completely Doable

Best, Yann

California Woes. There’s no time wasted to 1-2 punch the residential solar market. Changing to NEM 3.0 took major air out of an important market that has kept the grid up and running, creating tens of thousands of jobs. Now, just as resi companies are also struggling with interest rates, but adjusting to a solar plus storage reality, the CPUC is coming after the homeowners with higher fees. Basically what homeowners are told by regulators is, don’t go solar but if you do, then you’ll pay us more anyways and if we need your power which we will, then you won’t get paid for it. I was actually expecting the Newsom/Desantis debate to bring solar up given the way that California has gone versus Florida and how silent Newsom has been on the issue.

Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.

• Canary Media: California’s rooftop solar policy is killing its rooftop solar industry
• Utility Dive: Texas PUC delays vote on ERCOT battery rules amid concerns standards are ‘discriminatory’
• Bloomberg: Germany to Punish Clean-Energy Laggards With Higher Grid Fees
• New York Times: The Financial Paradox Blocking Efforts to Fight Climate Change
• Axios: Exclusive – Young adults show heavy interest in Biden’s “Climate Corps”
• Reuters: COP28 – US touts climate leadership as oil and gas output hits record
• PV-Tech: The impracticalities of building a solar project on unfriendly soil and undulating sites in the US
• Energy Storage News: Metal-hydrogen battery firm EnerVenue launches integrated ESS unit
• PV-Magazine: 100 years of patience needed for $1 billion in interconnection costs

Opinion

• Renewable Energy World: COP28 begins – 4 issues that will determine if the UN climate summit is a success, from methane to money

Best, Yann

Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.

• Solar Power World: California is losing solar jobs at record pace
• CBS: Texas Public Utilities Commissioners urge ERCOT to facilitate adding storage batteries to Texas grid
• New York Times: A Climate Summit Begins With Fossil Fuels, and Frustration, Going Strong
• Renewable Energy World: bp to take full ownership of Lightsource bp
• Utility Dive: Utility regulators urge PJM to move away from ‘reactive’ planning for grid reliability
• Axios: Climate aid fund established on first day of COP28 after 30-year controversy
• PV-Magazine: SB Energy secures $2.4 billion for incentive-rich utility-scale solar projects
• PV-Tech: ‘Solar can deliver’ will be mantra at COP28 says new Global Solar Council CEO
• Canary Media: AI-powered permitting is speeding up solar deployments in California

Opinion

• Bloomberg: Commodity Traders’ Mega Profits Are Here to Stay

Best, Yann