This is your SolarWakeup for January 15th, 2020

BlackRock’s Fink Speaks Climate. BlackRock’s CEO wrote his annual letter that outlines some philosophical points about business and climate change. By not stating the actual metrics, Fink is giving some space to company CEOs to outline their own view of this world. Company executives spend an outsized amount of their time doing what they think keeps them employed and well paid by investors. They rarely spend time doing what they think is right when they know investors will fire them for doing it. Fink coming out and saying that their investments will have a guide involving sustainability creates a new operating agreement. Looking at the largest BlackRock holdings, Exxon, Chevron and NextEra show up on the top of the list that are energy related.

A Trillion At A Time. The EU is going to investment at least $1Trillion euros to avoid a climate crash. What’s the best way to spend that and what does it mean for the industry?

Looking Inside A Mind. Dan Shugar of NEXTracker is one of the more interesting people in solar doing one of the more uninteresting things. Trackers were largely written off 15 years ago when cost would be able to catch up but with high-efficiency and bifacial modules getting traction, NEXTracker was able to build a billion dollar business and be acquired by Flex. This turned an unsexy idea into a great company and Dan does a good job opening up in this interview. Or maybe I have a soft spot for building aluminum hardware businesses in solar?

Coal Goes, What Follows? Coal is leaving stage left and now it looks like things are not going well in the world of natural gas. Too much supply and low market prices are seemingly hurting the financials of gas companies. There is still a lack of impact on gas generation, as that market expands in DG segments, but these tea leaves look to be indicating the start of a possible trend.

Oceanfront Property. Twitter is loving the words of the APS CEO, saying that the Arizona utility will not directly or indirectly fund regulator’s political races. I’m sorry to say that Arizona still does not have oceanfront property even if Mr. Guldner is trying to sell it. 

Opinion

Best, Yann

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