Pipeline firm to start 2025 (another 15 GWac approved); PJM huge driver….others ho-hum
Below we list takeaways after updating our utility scale solar database (LS-2 and PLUS-201).
SOLARSAT™: Construction off to quick start (Jan firstDIRT ~3 GWac)
During January, we identified… utility-scale solar projects that kicked off site work during the month… This compares to the last three Januarys that averaged… and during a seasonally slow time of year…
2025E update; Key themes (Nextera moderating, 12 GWac waiting for trackers, interconnection approvals rebound)
In this note we are updating our LS-1, LS-2, and PLUS-201 data sheets and forecasts… Broadly speaking, we are still anticipating growth this year…
SOLARSAT™: Active December for site prep; PJM signs of life; Trackers land down 7% full year; Construction delays update
Below see key takeaways after going through our utility-scale solar satellite data for the month of December.
SOLARSAT™: Tracker activity very slow; Companies pulling 2025 installs forward; New construction chugging along
Below see key takeaways after going through our utility-scale solar satellite data for the month of November.
Interconnection approvals rebound…driven by big projects in desert states…benefitting from wave of queue requests 3-5 years ago
Following a slow start to 2024, interconnection approvals have rebounded since June.
SOLARSAT™: Oct solar construction of soft side (<2GW); 85% new activity in Trump states; Trackers on pace for down 5-10% y/y
Little less than 2 GWac of new projects kicked off during October
Model update…2024 trackers DOWN 5-10% (new construction +15%); 2025E signs of +10-20%
In this note, we are updating our 2024/2025 Utility Scale Solar Model (LS-1) after putting in actuals through September and refreshing our project / developer level forecast.
SOLARSAT™: September new starts firm again (2.6 GWac); Q3 lands +12% y/y; Tracker installs soft
After a record August, September new construction has remained firm. Specifically, 2.6 GWac of new projects kicked off construction during September, down from almost 4 GWac last month, but still tracking well ahead of last year.
Refreshing data sheets to reflect latest construction starts (LS-2, PLUS-201); 2025E tracker outlook improving
In this note, we are updating our LS-2 and PLUS-201 files to reflect the latest satellite and company data.