Tag Archives: Wood Mackenzie Market Research

Inspiring story from Illinois: How fourth-graders provided the spark for solar panels at Big Hollow campus

By Mick Zawislak, Daily Herald

The installation of solar panels on the Big Hollow Elementary District 38 campus in Ingleside is a lesson in persistence prompted by fourth-graders. Spread along the rolling terrain in two sections — the smaller near the school bus parking lot and the larger on the west side of Wilson Road — the panels will produce enough energy to cover about 85% of the district’s power needs and save about $90,000 a year. Continue reading here.

SEIA Resource: Solar Power Purchase Agreements
More Illinois NewsMaking Galesburg model city for solar, Review Atlas 

IN NEBRASKA

NEWS FROM OTHER STATES

MULTI-STATE SOLAR AGGREGATION

Standard Solar gets creative to finance this 18-rooftop, multi-state solar portfolio for Iron Mountain Inc, Solar Builder Magazine

“Through our partnership with Standard Solar, we have been able to build a holistic program that allows Iron Mountain to seamlessly install on-site solar in multiple states. This program is helping Iron Mountain progress towards meeting their environmental goals of RE100 and the Science Based Target Initiative in a cost effective and simple to implement method,” said Lauren Fitch CBRE Energy Manager for Iron Mountain. Standard Solar also partnered with OnSwitch, whose patented AI-powered SkyQuotes platform makes it simpler for solar developers and building owners to evaluate, buy/finance and install commercial solar energy solutions at a guaranteed lowest price, to help maximize cost savings for the projects.

 CLIMATE RISKS & RESILIENCE

Trend: Corporate climate reporting gets physical, contributed GreenBiz article by Lauren Smart, Managing Director, Global Head of ESG Commercial at Trucost, part of S&P Global.

What will companies gain from reporting physical risks? Risk mitigation, for starters. Research by Trucost highlights the scale of corporate exposure: almost 60 percent of companies in the S&P 500 (market capitalization of $18 trillion) and more than 40 percent in the S&P Global 1200 ($27.3 trillion) hold assets at high risk of physical climate change impacts. Identifying these exposures and building business continuity and resilience plans is critical. It’s not just companies in the obvious sectors, such as agricultural value chains or resource-intensive ones, that are vulnerable. For many U.S. financial companies, which may have thought their exposure to climate risks was minimal, 2012’s Superstorm Sandy was a wake-up call.

GLOBAL ENERGY TRANSITION

 Previously Posted

An Unusual Plan for Lowering Solar’s Customer Acquisition Costs: Infomercials

By Emma Foehringer Merchant, Greentech Media

Generac Power Systems, a Fortune 1000 company that sells residential backup power generators, is making a play for the residential solar and storage market. This spring the Wisconsin-based company, part of stock-listed Generac Holdings Inc., acquired storage manufacturer Pika Energy and home energy management system company Neurio Technology. Relying on those technologies and drawing on the 60-year-old company’s experience in fostering markets, Generac will sell home solar and storage systems, to be installed by an army of contractors. Read more here.

MORE SOLAR+STORAGE NEWS

BIFACIAL SOLAR MARKET

100% RENEWABLE ENERGY

CLEAN ENERGY WEEK 2019 NEWS

  • Wind powers National Clean Energy Week 2019, by Curtis Walter, Into The Wind,
    AWEA Blog. American Wind Week is still in the rearview mirror, but now it’s time to celebrate the full range of clean energy technologies during National Clean Energy Week. Groups across the energy sector are highlighting the ways American ingenuity is delivering clean energy to families and businesses across the country. With energy affordability and climate solutions dominating the headlines, this year’s “For Our Future” theme is fitting.

CLIMATE ACTION NEWS

  • Farmers Join On-Going Climate Change Protest, RFD TV News
    The National Farmers Union is leading a charge to expand voluntary conservation programs like CSP and EQUIP, which they say are already known, popular, and oversubscribed, evidence that farmers are looking for a seat at the climate table. Though the topic of climate change is still an inflammatory one for many in ag, Jenny Hopkinson, National Farmers Union Government Relations, says the ability to manage and adapt through changing weather patterns is becoming a question of long-term economic viability. The National Farmers Union is also pushing for more market-based approaches to compensate farmers for conservation, strong research funding, and the promotion of on-farm energy production.

Sizing Up the Corporate Renewables Market

Corporate wind and solar procurement is in its early innings, a new analysis from WoodMac and the American Wind Energy Association says.

By Karl-Erik Stromsta, Greentech Media

Anyone watching the recent explosion of demand for renewable power from corporations like Facebook, Walmart and even ExxonMobil will have wondered: how far can this go? Much, much further, is the short answer. For all its recent gains, the corporate renewables market is likely in its very early innings, according to a new analysis from Wood Mackenzie and the American Wind Energy Association (AWEA).

Solar is likely to eclipse wind as the technology of choice for most corporate deals by the early 2020s. That’s due not only to a more favorable phaseout schedule of its main subsidy but also because of inherent economic advantages in its generation profile, with solar’s natural midday output more valuable to most companies. Read more here.

The report’s free 40-page executive summary is available for download here.

Additional Recommended Reading

Solar to overtake wind in corporate renewable procurement, PV Magazine
With the capacity of renewable generation by corporations rising exponentially every year and expected to continue to do so, with the exception of an expected two-year dip when the ITC runs out, the question of why corporations are moving towards renewables becomes increasingly important. To answer that question, AWEA and WoodMac identified four key factors that accelerate adoption: branding, investor pressure, peer pressure, and the utilization of Corporate Social Responsibility to mitigate future business risks.

Those first three factors are fairly self-explanatory. The opinion that humans are contributing to irreversible and damaging climate change is a popular one that grows in popularity by the day. As more people believe it, so too will more companies, as, spoiler alert, companies are comprised of people. So between pressure from customers, competitors and investors, as well as a held belief that climate change is occurring, more companies will look to tackle this threat.

Wind feels heat from solar for US corporate renewable top-spot, Recharge News
Up to 85GW of renewables demand exists within Fortune 1000 companies through 2030 as PV challenges current sector leader wind.

Save the Date! September 12, 2019 at 7 pm


Nebraskans for Solar’s September Speaker: David Bracht, Attorney With Kutak Rock and Former Nebraska Energy Office Director
UNO’s Barbara Weitz Community Engagement Center, Rooms 201/205. Mr. Bracht will provide an overview of Nebraska’s wind and solar development and our state’s potential for future growth.


Specific topics will include:

  • power purchase agreements
  • virtual power purchase agreements
  • commercial and industrial use of solar
  • the potential for combined solar and battery installations
  • incentives and depreciation

Could Beer Brewed With Wind Power Help Save the Planet?

By Stanley Reed, New York Times

These corporate arrangements now account for 22 percent of the large renewable deals signed last year in the United States, according to Wood Mackenzie, a market research firm. Economics is spurring the growth, said Colin Smith, a senior company analyst. Wind and solar are able to compete with fossil fuels, and it is easier to build modular renewable plants tailored to a company’s needs . . . Technology companies are still among the largest and most sophisticated corporate energy players. According to Wood Mackenzie data, Facebook, Google and Amazon are the top three in the United States in cumulative corporate power purchase agreements.
Read more here.