Energy Finance and M&A

Solar PV & Wind
Harvard plans 100% renewable energy by 2050.
New wind and solar online primarily in CA, NC, SC, IL, OK, NV, VA and VT.
NYS 1,000% increase in solar PV from 2011 to 2017. Represents $2.8 BN private investment. 1 GW of solar PV in development.
MA installs 78,000 solar PV projects representing 2 GW. 50% in last 2 years.
TX has 4 GW wind power under construction, US has 13 GW.
ERCOT attractive target market for solar PV. 9% reserve margin. Challenge in West TX is transmission. Solar PV projects < 50 MW avoid congestion.
 
Thermal Power
Increase in energy efficiency will slow growth in energy demand to 0.4%. Gas prices expected to remain below $5/MMBtu through 2050. Solar PV cost to fall.

Energy Storage
Energy storage to be a key component of the clean energy industry.
35 GW of storage by 2025. US market for energy storage reaching $3.1 BN by 2022. Revenue of $10.4 BN from 2017 to 2022. FERC NOPR for energy storage pending.
Energy storage economics: (1) 2 MW project, (2) 15 cycles/day, (3) 1.5 year payback period and (4) additional income - Frequency regulation services
 
Oil & Gas
US to become net exporter of energy by 2022.
 
Latest News
Energy service models: (1) Microgrid as a Service and (2) Reliability as a Service. US had 1,200 GW of installed generating capacity in place in 2017. 224 GW proposed capacity to be placed in service by 2021. US added 725 power projects in 2017 representing 14.6 GW.
(1) 12 GW gas-fired power representing 79 projects
(2) 7 GW wind representing 69 projects
(3) 5 GW solar representing 503 projects 
(4) 268 MW biomass power representing 26 projects 
(5) 220 MW waste heat.
(6) 214 MW hydro representing 11 projects
(7) 102 MW nuclear power
(8) 55 MW geothermal representing 2 projects
(9) 40 MW oil representing 10 projects
(10) No new coal.