Breiter Planet Properties Blog

9 new state governors committing to solar and renewables

Jan 9, 2019 9:00:00 AM / by Andrew Breiter-Wu posted in Policy, United States, Politics, Solar, Renewable Energy

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Contrary to President Trump, more and more U.S. states are setting their sights on an ambitious expansion of solar and other renewables. Five new state governors elected in the midterms are committed to achieving 100% renewable electricity. Several others are also pro-clean energy and pro-solar.

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Solar tsunami

Jan 7, 2019 9:00:00 AM / by Christian Roselund, pv magazine posted in United States, Utilities, Solar Finance, Solar Development, News, Renewable Energy, Solar, Solar Energy, Energy, Commercial Solar, Residential Solar

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Developers have applied to build 139 GWac of large-scale solar projects in the territory of six grid operators – around five times what is currently online across the country – and that figure doesn’t even cover the entire United States. By any metric, we are looking at an unprecedented boom in solar development over the next five years.

Image: NREL - Hit me with your Sunshot

 

Some of it is the pending drop-down of the Investment Tax Credit from the end of 2019 through the end of 2023. Some of it is a series of decisions by states, cities and corporations to decarbonize their electricity supply, and to use solar as a main means of doing this. And some of it is the continual decline in PV system prices, which makes large-scale solar the cheapest form of new generation in much of the United States.

 

But whatever the cause, there is an unprecedented, massive volume of solar projects that is underway in the United States. Research conducted by pv magazine USA has uncovered more than 139 GWac of solar projects which have applied for interconnection with six grid operators (CAISO, NYISO, ISO-NE, MISO, PJM, ERCOT) by the end of December 2018, spanning the Northeast, Midwest, California and Texas.

 

 

For perspective, Wood Mackenzie estimates that there was only 34 GWdc of large-scale solar online at the end in the third quarter of 2018. When you convert that figure to AC power, it means that the new capacity being considered is around five times as large.

 

There are other reports looking at upcoming capacity, and they do vary greatly – which ought remind us all that much of what is in a queue won’t move forward. ISO New England estimates that 70% of the projects in its queue never see the light of day.

 

However, more than 15 GWac of solar projects in these six grids either already hold interconnection agreements, or have entered the engineering and procurement phase.* The largest portion of these is in California, but there are also more than 4 GWac of projects in Texas that hold interconnection agreements.

Our investigation showed solar project development going truly national. In fact, the California Independent System Operator (CAISO) grid has a smaller volume of solar projects in its interconnection queue than the Midcontinent System Operator (MISO), Electricity Reliability Council of Texas (ERCOT) or PJM Interconnection, each of which have more than 32 GWac of solar projects in their queue. Unlike California, the large majority of project volume in all three has been proposed in 2017 and 2018 and these regions had all seen limited large-scale solar market development until a few years ago.

 

Even more to come

It is important to remember that these grids don’t cover the entire United States, and as such this 139 GWac does not include projects in the majority of the South, Mountain West, Pacific Northwest and Plains States. And we aren’t seeing these massive projects only in databases, either. As documented in pv magazine USA’s year-end coverage, we have found large solar projects either planned or under construction in 17 states that have not had substantial solar markets to date.

The signals of a boom to come in the U.S. solar market is reinforced by other data sources. The Federal Energy Regulatory Commission’s (FERC) monthly Energy Infrastructure Update(located under Energy Infrastructure tab) gives estimates of future capacity, and the latest report shows 63 GWac of proposed solar project additions before the end of 2021.

 

 

A quarterly report by Stephanie Tsao and Ellen Meyers of S&P Global Market Intelligenceestimates that the U.S. utility scale solar project pipeline through 2022 has expanded to 33.9 GWac. 

 

 

In these estimates by S&P, grid operators reports and FERC, we are only talking about large utility-scale projects. These numbers do not include smaller systems such as rooftop solar either on the homes or businesses of utility customers. Data from other projections suggest that another 4-5 GWdc is coming from residential and commercial solar combined. Adding that volume to the S&P projections with a DC:AC ratio of 1.25:1 applied, suggests that the United States might build 18 GWdc of solar power in 2019, and just over 19 GWdc in 2020.

 

Energy storage boom

The six grid operator queues we investigated also showed more than 16 GW of battery projects which have filed for interconnection. And this number should not be too surprising to anyone who is watching the meteoric growth of energy storage.

Per the US Energy Storage Monitor, from Wood Mackenzie Renewables & Power along with the Energy Storage Association (ESA), total energy storage deployed expanded by 60% in terms of energy and 300% on a power basis in the third quarter of 2018 versus the prior year. Going out mostly until 2023, the report noted that the front of the meter pipeline expanded to approximately 33 GW of power.

The next five years are going to be truly massive for solar and energy storage. Hold on to your seats.

 

*Editor’s note: PJM Interconnection did not have a list of projects with interconnection agreements, but did list projects which had entered the engineering & procurement stage of development. 

 

This article originally appeared on pv-magazine-usa.com, and has been republished with permission by pv magazine (www.pv-magazine.com and www.pv-magazine-usa.com).

 

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Watertown, Massachusetts Becomes 1st Town In New England To Require Solar Panels On New Commercial Constructions

Dec 10, 2018 8:00:00 AM / by Andrew Breiter-Wu posted in Massachusetts, Property Owners, Commercial Solar, Businesses, Solar, Rent, Real Estate, Property Management, News, Renewable Energy, Exterior Lease, Solar Subscription, Roof Lease

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According to reporting from WBUR, the town council of Watertown, Massachusetts unanimously voted to approve a zoning ordinance requiring commercial real estate developers to put solar on new buildings. 

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American Inno: Breiter Planet Properties Wants to Bring the ‘Power of the Sun’ to Anyone

Nov 28, 2018 10:31:03 PM / by Bram Berkowitz posted in News, Publicity, AmericanInno, Community, Solar Energy, Renewable Energy, Solar Subscription, Solar Development, Residential Solar, Non-Profit, Commercial Solar, Businesses, Real Estate, Property Owners, About Us, Commercial Solar Finance, Solar Finance, Financiers, Solar Capital, Solar, Solar Access to All

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What do Turkeys and Solar Have in Common?

Nov 27, 2018 2:32:23 AM / by Andrew Breiter-Wu posted in Renewable Energy, Solar, Agrovoltaics, Solar Energy, Agriculture, Real Estate, Open Space, Land Lease, Exterior Lease, Livestock, Holidays

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Breiter Planet Properties ©

 

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8 Ways to make your Residential Building more Attractive to Tenants

Aug 17, 2018 11:28:49 AM / by Krish Gaurav Tilokani posted in International Solar, Renewable Energy, Exterior Lease, Rent, Revenue, Real Estate, Property Management, Insider, Solar Subscription

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With the rise of new developments across the world, the residential real estate market has become fiercely competitive. Our team at Breiter Planet Properties has compiled a list of 8 ways for our network of property owners to make their residential buildings more attractive to tenants.

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6 Tips for Installing Solar for New Construction Properties

Aug 3, 2018 12:30:00 PM / by Krish Gaurav Tilokani posted in Property Management, Real Estate, International Solar, Renewable Energy, Revenue, Rent

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When preparing for the construction of a new building, it’s the perfect time to make your property Solar-ready. Whether or not you’re ready to go Solar now, making the property Solar-ready helps ensure a smoother process when you are. If you plan to install Solar on a new construction, here are some tips for you:

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How to prolong your roof's life.

Jul 18, 2018 1:31:20 PM / by Krish Gaurav Tilokani posted in Real Estate, Property Management, Rent, Revenue, Insider, International Solar, Renewable Energy

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When it comes to managing a property, the roof is often the most neglected part of it. The roof, however, is the most crucial part of a property - it protects us from snow, rain, and excessive heat. Being exposed to these elements, the roof is also most susceptible to damage. The average roof lasts 15-30 years, depending on how well you maintain it. Replacing a roof is expensive, and typically requires refinancing, which is why you must try to prolong its life as best you can. Here are 7 tips on how to maintain your roof to prolong it's life:

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France vs Croatia... in renewable energy

Jul 15, 2018 8:31:49 PM / by Andrew Breiter-Wu posted in Renewable Energy, International Solar

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