
TVA needs to hit refresh! This is not a difficult concept. I’ll even include a link to the WikiHow page on how to do it. But if decision-makers fail to do that, the information they’re accessing from the internet may be outdated and their decisions may be misguided.
Solar energy is a dynamic field. A lot can change in a year. Decisions need to be based on current reality and future projections. Pricing and availability of solar modules from 2022 are largely irrelevant for decisions being made now.
TVA, however, has relied on outdated and inaccurate information about the solar market in its Final Environmental Impact Statement (Final EIS) just released last month for retiring and replacing the Kingston Fossil Plant (nine coal-fired units in operation since 1954-1955). The Final EIS is the last step before the TVA Board of Directors makes a decision on whether to replace the coal plant with another fossil fuel or clean energy. The TVA Board needs to require TVA staff to redo its analysis of the two options with accurate information before making a final decision.
TVA assessed two options:
Alternative A: a combined-cycle (CC) gas unit paired with 16 dual-fuel Aeroderivative (Aero) combustion turbine (CT) units plus 3- to 4-MW solar on-site, a 100-MW battery energy storage system, and transmission investments. These would all be on-site at the Kingston Reservation 35 miles west of Knoxville — and would require a 122-mile gas pipeline with a gas compressor station, which would pass through Roane, Morgan, Fentress, Overton, Jackson, and Smith counties.
Alternative B: multiple solar generation and energy storage facilities at alternate locations, portions of which would be in Eastern Tennessee — along with the necessary transmission.
SACE has identified a fundamental flaw in the EIS. I’d like to highlight three examples from Section 1.2.3.3.1 (on pages 11-12 of the 845 page document) with emphasis added:
“The short-term effects of the IRA [Inflation Reduction Act] thus far have resulted in increased demand, higher prices, and a limited supply of resources needed for renewable technologies (Solar Energy Industries Association [SEIA] 2022).”
“Solar generation and energy storage facilities would require the development of multiple solar generating facilities and therefore are subject to market factors, such as variable costs, supply chain disruptions, and limited availability of materials. Solar panels are primarily produced overseas, and, at this time, the U.S. has little competitive onshore solar manufacturing capability (USDOE 2022, SEIA 2022).“
“The increased demand and subsequent increase in cost and limited availability of resources has resulted in a reversal of a decades-old trend of decreasing solar prices, and many solar projects being postponed or canceled as a result. While the IRA incentivizes the transition of the solar supply chain to the U.S., it is projected that it will take 3 to 5 years for the domestic supply chain to mature and ease the current constraints on the solar industry (SEIA 2022).”
A common element across these three assertions is that they all cite information from the Solar Energy Industries Association from 2022. Tracing that lead to page 828 of the Final EIS document (Literature Cited), we find:
Solar Energy Industries Association (SEIA). 2022. Solar Market Insight Report 2022 Q2. Available at [URL]: https://www.seia.org/research-resources/solar-market-insight-report-2022-q2. (Accessed December 2023).
SEIA is a reputable trade-association and it, no-doubt, reported the supply chain disruptions in 2022. So did SACE. But SEIA updates that Solar Market Insight Report on a quarterly basis. By the time TVA accessed that Q2 2022 report in December 2023, SEIA would have prepared six more recent/updated versions.
The Q4 2023 version was released on December 7, 2023. And one of the things they express is that:
“The strong deployment growth in Q3 2023 has largely been due to module supply chain stabilization within the past year.” U.S. Solar Market Insight: December 7, 2023 [emphasis added]
In fact, the US installed more solar in 2023 than ever before.

The Q4 2023 Solar Market Insights report goes on to say that a combination of factors:
“pushed US module prices down 10-15% over the same timeframe as supply constraints have alleviated.” [emphasis added]
And, as for the claim that “the U.S. has little competitive onshore solar manufacturing capability” and that “it will take 3 to 5 years for the domestic supply chain to mature”… well, Qcells in Dalton, Georgia, just south of the TVA service territory, has become the largest solar factory in the western hemisphere.
The Final EIS cover sheet (page i) estimates that preparation of the report cost $2.2 million. Wow! For that kind of money, they should be able to get accurate, up-to-date information. The TVA Board should insist on it. Otherwise, the Board runs the risk of making a decision based on bad intel that saddles the people of the Tennessee Valley with expensive and dirty energy for the next generation.
TVA can do better.
#CleanUpTVA
The post TVA relies on out-dated info to stall solar progress and justify fossil gas appeared first on SACE | Southern Alliance for Clean Energy.
TVA relies on out-dated info to stall solar progress and justify fossil gas
Renewable Energy
Respect for One’s Executioner
This from Sartre.
Great parallel to modern-day Trump supporters, who love their leader while they pay $5 for a gallon of gasoline.
Renewable Energy
New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures
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Finance -
Project Finance -
Tax Incentives & Appropriations -
Press Releases
New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures
WASHINGTON, D.C. – A new report from ACORE presents survey data from leading investors about the performance of tax equity structures and how they continue to play a significant role in financing clean energy projects.
For more than two decades, tax equity has provided a stable private financing mechanism and an important source of capital for new clean energy projects in the United States. The U.S. clean energy industry now attracts over $45 billion in tax credit investments annually, of which more than $20 billion is provided by banks through tax equity arrangements. The report provides an expert look into how tax equity financing transactions are structured and the risks and returns associated with these deals.
Key takeaways from the report include:
- Overwhelmingly Positive Returns: An ACORE survey representing over 75% of the tax equity market showed that these investors typically receive a median 8.4% return on current investments.
- Minimal Downside Risk: Risks associated with recapture, foreclosure, and bankruptcy have been exceptionally low for tax equity investors.
- Demand for Tax Equity Exceeds Supply: Tax equity is responsible for between one third and two thirds of a clean energy project’s overall financing, and about 45% of tax equity is provided by banks through tax equity arrangements. Demand for tax equity will accelerate as investors look to finance energy storage and other eligible technologies that continue to qualify for tax credits.
“This report reflects ACORE’s commitment to delivering solid, impartial insights from the entire span of the clean energy industry,” said Ray Long, President and CEO of ACORE. “Getting clean energy tax policy right is the key to ensuring the United States is ready to deliver the power needed for tomorrow’s economy.”
The Risk Profile of Tax Equity Investments: 2026 Edition, is available in full on the ACORE website.
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About ACORE
ACORE is a nonpartisan nonprofit organization that operates at the intersection of affordability, reliability, and clean energy deployment. Our work is focused on stabilizing energy prices, strengthening the electric grid, and driving investment in cost-effective technologies to ensure that clean energy delivers for people, businesses, and the U.S. economy.
ACORE’s membership includes clean energy investors, developers, energy buyers, power generators, manufacturers, and energy providers. In 2024, nearly 80% of the booming utility-scale domestic clean energy growth was financed, developed, owned, equipped, or contracted by ACORE members. For more information, visit www.acore.org.
Media Contacts:
Chris Higginbotham
higginbotham@acore.org
The post New ACORE Resource Breaks Down the Complexities of Energy Tax Equity Structures appeared first on ACORE.
https://acore.org/news/new-acore-resource-breaks-down-the-complexities-of-energy-tax-equity-structures/
Renewable Energy
An Economy that Works for Everyone
Right-wingers, like the fellow shown here, tend to make broad and unfair generalizations about the left.
Progressives would like to see an economy that works for everyone, not just the uber-rich. We want wealth creation for the people who need it most.
The best way to make this happen is strong, high-quality public education and universal healthcare.
These are not radical concepts; this is the way the vast majority of the developed world operates.
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