Arizona Proposals Mandate More Renewables

Ali Shajrawi, Liam Brooks Market Research Briefs

Arizona is setting out to diversify its fuel mix and promote more renewable energy adoption. This year, two proposals have been put forth to increase Arizona’s current Renewable Energy Standards (RES) target of 15% by 2025, which has already been met by the State’s obligated utilities.The attached research brief provides an overview of the initiatives and their challenges, as well as a cause for hope.

Banking Off of Low-Build Winds: “Tri”-ing to Project PJM Tier I Fundamentals

Ali Shajrawi, Liam Brooks Market Research Briefs

The PJM Tier I market tested its five-year price lows this past October before mounting a slow but impressive rebound through the first quarter of 2018. While there have been hiccups over the course of this relative recovery, the overall trajectory has been decidedly positive as underlying market fundamentals seem to making a case for forward price strength. Between low installation rates for new qualifying wind facilities, increasing RPS requirements, and ambitious clean energy legislation proposed across a number of states, there is reason to expect tightening supply/demand dynamics on the horizon. The following report details the drivers behind the recent PJM Tier I price resilience and the arguments for potential future appreciation.

Jersey Hold’em: Solar Bill Plays Same Hand After Christie’s Pocket Veto

Ali Shajrawi, Liam Brooks Market Research Briefs

The Illinois Power Agency (IPA) this month filed a final version of its Long-Term Renewable Resources Procurement Plan, building on a proposal of the plan released last October. This plan introduces a number of changes to the IL Renewable Portfolio Standard (RPS), setting ambitious goals and measures to advance the development of new renewable resources in the state.

Tailwinds in Illinois?

Ali Shajrawi, Liam Brooks Market Research Briefs

The Illinois Power Agency (IPA) this month filed a final version of its Long-Term Renewable Resources Procurement Plan, building on a proposal of the plan released last October. This plan introduces a number of changes to the IL Renewable Portfolio Standard (RPS), setting ambitious goals and measures to advance the development of new renewable resources in the state.

A Bright Future for Solar in Illinois?

Ali Shajrawi, Liam Brooks Market Research Briefs

Last December, the Illinois state legislature passed SB 2814 concerning the state’s Renewable Portfolio Standard (RPS) program revisions, aiming to promote in-state solar energy project development. Passed as the Future Energy Jobs Bill, SB 2814 seeks to jump start solar development in the state by expanding the existing RPS requirements to include a numerical target to procure RECs from in-state sited solar facilities.

In response to this legislative change, the Illinois Power Authority (IPA) released the highly anticipated long-term procurement plan last September.

In the following research report, Karbone explores the most important changes proposed in the filed plan.

Lead by Example? Hurdles Facing a More Renewable Grid in California

Ali Shajrawi, Liam Brooks, John Nimmons Market Research Briefs

Under Governor Jerry Brown, California has rarely foregone an opportunity to demonstrate leadership when it comes to aggressive renewable energy policies. So why did California’s landmark Senate Bill (SB) 100 to accelerate and expand California’s RPS targets fail?

A combination of concerns among the state’s investor-owned utilities about potential rate, cost allocation and competitive impacts, and diffuse opposition from their labor unions, appears to be to blame. Karbone has co-authored this update with John Nimmons, an attorney with long experience in California energy law and policy, to round up the most recent legislative session and address key topics of emerging interest to the market.

New Jersey Delta Blues

Ali Shajrawi, Liam Brooks Market Research Briefs

New Jersey SRECs have experienced steady pricing pressure since upwards revisions on previously reported monthly installation rates were first announced in July 2016. Uncertainty of build rate revisions and growing concern of large surplus, price trajectory for the most liquid of the forward curve has been largely negative.

Solar Panel Import Tariff Preliminary Analysis

Ali Shajrawi, Jonathan Burnston, Liam Brooks Market Research Briefs

The U.S. International Trade Commission voted 4-0 today to find that imports of cheap solar panels have caused injury to domestic solar manufacturers, setting up a high-stakes tariff decision for President Trump. The case? In April, a bankrupt US-based solar manufacturer filed a petition with the ITC to impose a tariff and floor price on imported crystalline silicon PV solar panels, citing foreign government subsidies (mainly China) as the cause for harm on domestic PV manufacturers.

The Clean Energy Standard

Ali Shajrawi, Liam Brooks Market Research Briefs

On August 11, 2017, Massachusetts regulators filed the proposed final version of CMR 7.75, the Clean Energy Standard (CES), a plan to cut state GHG emissions by 80% of their 1990 levels by 2050. To achieve this aggressive target, the state is going to rely on the procurement of long-term contracts to import hydropower from Canada, as well as the development of more renewable resources, such as wind and solar. Ultimately, however, whether this new mandate can achieve its compliance targets is going to require not only committed project development capital, but also large investments in new transmission lines.