The Bad, the Good and Solar

Worry for Solar Projects After End of Tax Credits – NYTimes.com

http://mobile.nytimes.com/2015/01/26/business/worry-for-solar-projects-after-end-of-tax-credits.html?referrer=

This is probably the worst time for tax credits for renewable projects to end, as major energy producers scale back construction plans due to lower oil prices. Though peak production has not made renewables any more popular, looking at the whole picture – America’s energy needs, slow steady growth in the background is how solar would have eventually beat the hare. How convenient is it for oil that renewables’ growth would be hampered at such a time as this.

There is also a possibility that further deterioration in energy construction could derail a recovering economy. There have been serious adverse affect to not only to construction companies, real estate in neighboring municipalities but construction equipment manufacturers have suffered as well.

Do only bright spot:

Transmission Line That Could Bring Wind And Solar Power To Millions In West Gets Go-Ahead | ThinkProgress
http://thinkprogress.org/climate/2015/01/26/3615287/new-mexico-arizona-renewable-energy-transmission-line-approved/

As I mentioned in October 2014, HVDC are the probably the only projects that we’ll be seeing in the future. Why? Because they’re independently owned, and the present a cost advantage to utilities: no construction, maintenance or liability. And none of the regulatory hurdles that utilities would like to avoid while they apply for rate increases to combat Solar.

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NEW YORK: Eos Energy Storage Announces Private Placement of $15 Million | Business Wire | Rock Hill Herald Online

http://www.heraldonline.com/2015/01/12/6692949/eos-energy-storage-announces-private.html

“NEW YORK — Eos Energy Storage (“Eos” or the “Company”), a developer and manufacturer or grid-scale battery systems, today announced a private placement with AltEnergy LLC. Eos expects to receive $15 million in gross proceeds from the private placement and plans to place an additional $10 million with accredited investors for total gross proceeds of $25 million.

Read more here: http://www.heraldonline.com/2015/01/12/6692949/eos-energy-storage-announces-private.html#storylink=cpy”

http://www.eosenergystorage.com