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The Transporter Legacy 2015 HD ITA Streaming cineblog 01 The Transporter. Stato sempre il granitico Jason Statham. Monaco in Diretta TV e Streaming. There is a lot going on in the solar industry right now. Here is just a taste of some of the hot topics we heard about at the (SPI) held in Anaheim, California last week. Just about everyone was talking about the pending expiration of the federal investment tax credit (ITC) at the end of 2016. If it is allowed to expire, it will reduce the existing tax credit incentives for commercial solar projects from 30% down to 10%, and the residential tax incentive will be completely eliminated.

There is concern that this will have significant impact on the solar industry, leading to reduced momentum in project development and job losses. Based on previous experience from the wind industry I think we can expect some slowdown in projects, although existing renewable energy mandates from state and federal mandates will help keep things moving on larger-scale projects at least.

However, there could definitely be a pretty big reduction in residential PV projects until the market adjusts. On the plus side, the federal, which set standards for carbon dioxide emissions reductions from power plants, is expected to have a positive impact on renewable project development, especially solar and wind. This will firm up some of the existing markets and open up new markets for implementation.

One speaker stated that the CPP is expected to drive an incremental increase of 20 GW of utility scale solar, not to mention impacts in community solar projects and distributed generation resources. While this will clearly help push solar project development, many states may not have a significant ramp up of activity until the 2019 time frame. Here in California, was just passed on September 11, which increases the state RPS from the current target of 33% electric generation from renewables by 2020, to 50% by 2030.

There is also a requirement for a 50% increase in energy efficiency for existing buildings. According to a utility representative, about 20% of the current California electric supply comes from renewable energy, and the state is on track to meet the 2020 goal. California also has a Grid Energy Storage Mandate (CPUC Energy Storage Decision D.13-10-040), which requires 1,325 MW in operation by 2024. Grid integration will continue to be an important consideration with an increased penetration of intermittent renewables and distributed generation resources. One way the solar industry is dealing with this is though, which can have advanced functions such as Volt/VAR control, voltage and frequency ride-through, and reactive power control. Such functions can be helpful to improve grid stability, and can allow increased capacity on feeder lines to support distributed generation resources.

In order to take advantage of these benefits, utilities need to have control and communication capabilities, which is a work in progress. Energy storage is another way to support grid flexibility, as it can be used as a generation source as well as a load.

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Intro to RECs and SRECs As a quick primer, REC stands for Renewable Energy Credit (or Renewable Energy Certificate). A REC is a commodity, which is used to track the “green” attributes from 1 MWh of renewable energy generation. An SREC is a REC generated from a solar project. RECs (of any type) can be decoupled from the actual electricity generated by a renewable energy project, and sold separately. However, it is critical to understand that ownership of the REC is essential to making claims about renewable energy.

So, for example, if Entity A purchases electricity generated by a wind project, but the RECs are sold to another Entity A, then Entity A cannot claim to be using green energy. However, since Entity B purchased the RECs, they can claim to be using renewable energy, even if the actual electrons they use were generated from a coal plant. It may sounds confusing, but it’s really just an accounting method to ensure that the green attributes are not counted twice. Beyond tracking green energy production, SRECs are also a commodity which provide monetary value to a project.

The actual value depends on the market conditions, and can vary tremendously over time and from one market to the next. Recent figures indicate SREC prices ranging from $25/MWh to more than $400/MWh in different areas. The SREC market and associated value is impacted by the aggressiveness of the goals and the market supply, which is in turn affected by policy requirements project eligibility (location, size limitations, install date, etc.). The penalty costs for not meeting set-aside obligations also impacts SREC values. At these prices, SRECS can represent a significant contribution to annual project revenue. On the high end, SRECs can be worth two or three (or more) times more the value of the electricity generated by a project, at least during the initial period when high SREC prices apply.