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.

SMART-er Solar Market in Massachusetts?

Ali Shajrawi, Liam Brooks Market Research Briefs

On August 11, 2017, the Massachusetts Department of Energy Resources (DOER) filed a much anticipated final version of the Solar Massachusetts Renewable Target (SMART) Program regulation. This revised SMART framework proposition includes several components that market participants heavily discussed during three public hearings as critical to the success of this program and its objectives.

It’s Not Always Sunny in Pennsylvania?

Ali Shajrawi, Liam Brooks Market Research Briefs

On February 6, 2017, Pennsylvania lawmakers introduced Senate Bill 291 concerning Alternative Energy Portfolio Standard (AEPS) revisions that aimed at promoting and advancing in-state solar energy project development. As introduced, the proposal seeks to jump-start solar development in the state by restricting eligibility under the AEPS to PA-sited only facilities and expanding the solar requirements to stimulate more build. Senate Bill 291 aims to boost the current solar AEPS requirements to 1.5% by 2023 from the current mandate of 0.5% by 2021.

Karbone Corporate PPA Research

Ali Shajrawi, Jonathan Burnston, Alexandra Wineholt In-depth Custom Research

The growing demand for renewable energy by corporate off-takers is fundamentally reshaping electric power sales in the United States. Over the past 3 years, approximately 7.8 GW of wind and solar power were contracted through non-utility corporate power purchase agreements (CPPAs). This trend is gathering pace with many more corporates announcing sustainability goals to procure most (and for some, 100%) of their current and forward electricity needs from renewable resources.

Massachusetts Solar Market: A SMART Successor to the SREC Program?

Ali Shajrawi Market Research Briefs

On January 31, 2017, Massachusetts policy makers unveiled a much anticipated, revised solar program that radically transitions solar incentives away from the SREC market and towards a structure akin to a feed-in-tariff regime. Nevertheless under the new program, facilities will still generate Class I RECs that could be used to meet MA Class I compliance obligations.

New Jersey SREC Market Report

Ali Shajrawi Market Research Briefs

A rising tide around the Basic Generation Service (BGS) Auction has been lifting all New Jersey SREC vintages, with prices for the forward three years of the curve (EY2017, EY2018, and EY2019) erasing most of their losses from November’s market-wide sell-off.

MA SREC II Market – the Tale of Two Caps

Ali Shajrawi Market Research Briefs

Over the past year, the Massachusetts SREC-II program has been facing significant programmatic risks as both the net metering and the solar carve-out caps were quickly reached. In April, Massachusetts lawmakers finally passed net metering reform that increased the private and the public caps by 3%, allowing the build of a large number of commercial solar projects that had accumulated on the waiting list for months. In the same month, the Department of Energy Resources (DOER) filed an emergency regulation after receiving a quantity of SREC-II applications in-excess of the available remaining capacity under the SREC-II program cap. The emergency regulations contained several key provisions that aimed to address market uncertainty and establishing a smooth transition to the next incentive program beyond SREC-II.