Archive For The “ENERGY” Category
“Happy families are all alike; every unhappy family is unhappy in its own way,” Leo Tolstoy, Anna Karenina. In the solar industry, strong markets are alike in that they have incentives, subsidies and/or mandates to drive growth and adoption but also a fair amount of political and economic risk and every weak or collapsing market is alike in that it no longer has incentives, subsidies and/or mandates to drive it and its political and/or economic risk has become a reality.
A weak market is the mirror image of a strong one that is, everything is seen in reverse. In solar, a leading market share receives more notice than the low-to-negative margins that go along with it. For example, solar lease etc., company Sunrun is being touted for passing SolarCity in terms of its market share even as it racks — pardon the pun — up losses. The company reported losses from operations of $130.7 million and net losses of $180.9 million for nine months of 2017. True, the company lost less money than it did in 2016, however this should not be spun as a positive.
Despite the Environmental Protection Agency’s announcement that the Clean Power Plan is being repealed, the attractive cost of renewables and improvements in battery storage technology mean that wind- and solar-generated power are here to stay.
Last week, both houses of the U.S. congress passed versions of a tax reform bill. As readers might recall, tax reform was one of the platforms on which Trump ran for president and getting a major tax reform bill passed would be a big win for him. Each version of the bill has implications for the renewable energy industry but the wind industry is particularly worried about the House bill.