01 Nov '12, 6pm

Utility-Scale PV Developers Confront Future of Solar Project Business: Building utility-scale PV solar project...

Utility-Scale PV Developers Confront Future of Solar Project Business: Building utility-scale PV solar project...

Building utility-scale PV solar projects is getting tougher. Greentech Media’s U.S. Solar Market Insight conference concluded with a discussion between experienced developers about the challenges and opportunities. Moderator and GTM Research Senior Analyst Shyam Mehta asked them to first review the last year. “In summer of last year, the IOUs issued RFPs, the first in over two years,” 8minutenergy CEO Martin Hermann recalled. “More than 70,000 megawatts of applications were submitted. They shortlisted about 2,500 megawatts.” The ISO queue has dropped from 80,000 megawatts to 50,000 megawatts and utilities are “looking very diligently to see if there are any show stoppers” before signing contracts . In this “tough competition for PPAs ,” Hermann said, developers are “monetizing or cancelling their portfolios.” In three years, explained SunEdison (NYSE:WFR ) General Manager ...

Full article: http://www.greentechmedia.com/articles/read/Utility-Scale...

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