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As Solar Booms, Utilities Look to Build New Business Models With Strategic Investments

           

Image credit: Flickr user 10 10

utilitydive.com - by Herman K. Trabish - March 14, 2017

Beyond simply contracting for solar, utilities are increasingly investing in the sector to ‘position themselves to be the utility of the future'

Solar energy is becoming a generation resource so ubiquitous that utilities are looking beyond simply contracting for new capacity and are increasingly moving into the sector themselves.

Solar added a record-breaking 14,762 MW of capacity in 2016, nearly doubling its 2015 growth. The resource added 39% of all new U.S. generation capacity in the year, making it the leader among all resources for the first time.

Growth was dominated by utility investment in 2016, a trend that’s expected to continue, according to a new report from the Solar Energy Industries Association and GTM Research.

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How California Utilities Are Managing Excess Solar Power

news.morningstar.com - by Cassandra Sweet - March 4, 2017

California utilities including PG&E Corp., Edison International and Sempra Energy are testing new ways to network solar panels, battery storage, two-way communication devices and software to create "virtual power plants" that manage green power and feed it into the power grid as needed.

The Golden State is ramping up renewable energy as it pledges to be a bulwark against the Trump administration's pro-fossil fuel policies. But first, it has to figure out what to do with all the excess power it generates when the sun is shining and the wind is blowing.

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As rooftop solar costs drop, utility attempts to raise barriers may not work

A solar array at Duke Energy Florida's 3.8 megawatt solar array in Osceola County, near St. Cloud. [Times files]

Image: A solar array at Duke Energy Florida's 3.8 megawatt solar array in Osceola County, near St. Cloud. [Times files]

tampabay.com - November 13th 2016 - Mary Ellen Klas

Florida's utility industry steered more than $20 million of their profits into a failed constitutional amendment to impose new barriers to the expansion of rooftop solar energy generation, but developers say that as the cost of installing solar panels drops, the state could quickly become a leader in private solar energy expansion no matter what the energy giants do.

The Florida Solar Energy Industry Association estimates that over the next five years, Florida homeowners, businesses and utilities are projected to take advantage of the falling prices and install 2,315 megawatts of solar electric capacity — 19 times more than the amount of solar installed in the last five years.

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FACT SHEET: Obama Administration Announces Federal and Private Sector Actions on Scaling Renewable Energy and Storage with Smart Markets

submitted by Gordian Raacke

CLICK HERE - White House Council of Economic Advisors - Incorporating Renewables into the Grid: Expanding Opportunities for Smart Markets and Energy Storage (40 page .PDF report)

whitehouse.gov - June 16, 2016

. . The Administration is announcing new executive actions and 33 state and private sector commitments that will accelerate the grid integration of renewable energy and storage.  Together, these announcements are expected to result in at least 1.3 gigawatts of additional storage procurement or deployment in the next five years. .

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