IRA Solar Boom (2023E up >50%); Projects under construction hit 19 GW in July; need 8 GW ‘waiting on panels’ to get cleared
In this note, we are updating our LS-1 Utility Solar Model to account for more activity driven by the potential Inflation Reduction Act (IRA) and the bulging backlog of projects waiting for panels.
Takeaways From Reuters Renewable Finance Dallas Conference
Following two days of immersive discussion at Reuters Renewables Finance & Investment conference in Dallas (where Lium Research was invited to emcee the event and 450 market participants were present), several key themes surfaced and are summarized below.
Takeaways From Large Scale Solar USA Austin Conference
This week we attended and presented at the Large Scale Solar USA conference in Austin. Key takeaways for us included
Increasing 2022E projections after Biden tariff action
In this note, we are updating our utility solar model (here) following the news that the Biden Administration will allow panels imported from Southeast Asia to be free of tariff risk for next 24-months. With this action, we now think the U.S will install..
May power data huge for solar; Elec prices surging; Offshore wind pipeline up +33%; Panel import data out next week
Eight Data Trends To Watch Through Earnings Season…
AD/CVD Survey (125 projects / 35 delayed / 57 unchanged)
Over the past two weeks, we surveyed the status of ~125 U.S. utility solar projects that had an original 2022 completion prior to the Department of Commerce AD / CVD announcement in late March. The status of the individual project was assessed based on 1) confirmation with the developer that the project is on track despite the AD/CVD petition 2) identification of the project as not sourcing panels from the four targeted Southeast Asia countries or 3) verification that the project is in final stages of installation or commissioning (satellite imagery, visual inspection etc). Key takeaways from this survey include:……
San Antonio Conference Takeaways (utility scale getting hammered by AD/CV petition)
This week, we attended the RE+ solar conference in San Antonio, where the bulk of conversations were focused on…
California permits surging; Home solar costs up 10-15% y/y; tariff narrative (solar devastated by AD/CV petition) overdone
In this residential solar note, we are highlighting recent cost data as well as installation demand trends and a differentiated point of view on the supply chain.
Battery Storage Launch
The purpose of this primer is to highlight the key components of the U.S. grid scale battery storage market. These slides also introduce proprietary datasets we have built focusing on both macro level battery storage projections / economics and project level details.
UTILITY SOLAR: Utilization Study
In this study, we have gathered output data for all U.S. utility scale solar installations