California Rooftop Proposal – Why Data Suggests It Will Pass This Time (- for RUN, ENPH, SEDG)
California is the largest state for residential solar installations, but the state’s utility commission is considering new proposals that could drastically impact the addressable market going forward. We dive into what’s happening, discuss potential outcomes and likelihood, and provide historical data context for where things could go from here…
Flat Permits This Week [Solar Stats]
Weekly Observations This Week. Permits were roughly flat for the second week in a row following the big step up in early March. The east and west coasts both had strong weeks while Texas and Colorado were slower (more weather delays). March. For March, permits are tracking up 5% compared to February and up 17% compared […]
East Coast Offshore Wind Market Share – Now & Fully Awarded
After processing the latest developments into our U.S. offshore wind projects pipeline monitor, we spent some time thinking about turbine market share, including forecasting a logical baseline scenario for a fully awarded East Coast wind turbine orderbook…
Three Steps Forward, One Step Back For East Coast Offshore Wind
Over the past couple of weeks in the U.S. offshore wind market, some big developments have carried the industry ‘three steps forward, one step back.’
Cali Solar Boost Now From 2018 New Construction Law
California is the largest state for residential solar installations and the first to implement mandatory solar on new homes. To put perspective around new home solar in California, we have disaggregated solar permit data according those that were installed on new homes versus existing homes…
Massachusetts Looks To Follow California On New Construction Law (+ for RUN, NOVA)
New laws such as Massachusetts is trying to pass related to solar mandates on new construction would have big benefits to the residential solar market. In this update, we have compared new home data with current solar demand it each state, identifying states that would have the most incremental benefit if such laws were passed…
Weekly Permits Hold After Sharp Rebound [Solar Stats]
Weekly Observations This Week. Permits were roughly flat following a big jump in the previous week. Texas was the strongest for the second straight week following the winter freeze. El Paso and Austin have been the drivers. March. For March, permits are tracking up 5% compared to February and up 17% compared to year ago levels. […]
PJM Utility Solar Installations Now > California
For the first time, PJM and ERCOT both installed more utility scale solar than California in 2020, highlighting the big momentum shift across multiple states. In PJM, roughly…
Utility Scale Solar UNDERAPPRECIATED (+ for FSLR, ARRY)
Despite a breakout year for U.S. utility scale solar installations in 2020, the magnitude of future growth is likely still being under appreciated. In this update, we explore a key leading indicator for utility scale solar expansion across the four ISOs that comprise the majority of this renewable market niche and discuss what it means for public companies in this space…
Residential Permits Sharp Rebound [Solar Stats]
Weekly Observations This Week. Recovering from last week’s weather, residential solar permits rebounded sharply, improving 20% w/w. Texas was the biggest gainer this week, with double the number of permits compared to the previous week and the highest weekly count since October. February / March. For February, permits landed up ~15% compared to January and […]