Webber Research: Renewables Weekly - Webber Research

Webber Research: Renewables Weekly

Webber Research: Renewables Weekly 10.20.20

CEC Releases Clean Transportation Plan (page 1)
• New York Set 70% Renewable Energy Mandate By 2030 (page 1)
ENPH Partners With Natura Living In Thailand (page 1)
ENS Partners With alpha-Encorp (page 2)
• Bifacial Tariff Exemptions Blocked (page 2)
JKS Signs Module Supply Agreement (page 2)
CSIQ Adding Storage To GS Solar Farm (page 2)
Enel Begins Construction Of Azure Sky Solar Project (page 2)
Siemens Sub Acquires AMS (page 2)
Proterra Raises $200MM (page 2)
GE Wins 327MW Wind Order In India (page 2)
SGRE Edges Out Vestas In Q2 (page 3)
NOVA Expands Solar + Storage Offering (page 3)
Arrival Raises $118MM From BlackRock Investment (page 3)
PNM Plans To Replace Coal Plant With 1GW Solar + Storage (page 3)
• US Net Electricity Generation (pages 4-5)
• Solar PV Pricing (page 5)
• LCOE Benchmarks & Timeseries (page 6)
• Global Wind Turbine Market Share (Page 7)
• Global Solar PV Inverter Market Share (page 7)
• US Wind & Solar Projects Announced Or In Early Development (page 8)

CEC Releases Clean Transportation Plan: Last week, the California Energy Commission (CEC) released its clean transportation plan with ~$384MM of investments scheduled over the next 3 years for electric vehicle (EV) and zero-emission vehicle (ZEV) infrastructure. The spending includes ~$133MM for light-duty EV charging systems, ~$130MM for medium- and heavy-duty ZEV infrastructure, and ~$70MM for hydrogen refueling infrastructure. California currently has ~26MM automobiles and ~6MM trucks registered in the state – ~726k of which are ZEVs (vs its goal of 1.5MM by 2025 and 3MM by 2030). It also currently has 57k Level 2 chargers and 4.9k DC fast chargers vs its 2025 goal of 240k Level 2 and 10k fast chargers.
New York Set 70% Renewable Energy Mandate By 2030: On 10/15 New York’s Public Service Commission (PSC) announced it would formally adopt a 70% renewable energy initiative by 2030 as part of its Clean Energy Standard. The announcement includes a directive for NYSERDA to enter into annual contracts for 4,500MWh for upstate renewables and 700-1,000MW of offshore wind.

ENPH Partners With Natura Living In Thailand: On 10/12 ENPH announced it partnered with Natura Living to develop commercial solar projects in Thailand for PepsiCo (PEP). Natura installed a 60kW solar array on PEP’s snack division building using ENPH’s IQ 7+ microinverters and is currently installing another 60kW array on PEP’s agronomy division building (expected completion in Q420).

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