Solar Tariff Freeze - Boom or Bust for U.S. Solar?

July 2022

Leyline Explores the Freeze on Solar Tariffs, Analyzes Duke Energy's Carbon Plan, Highlights Partnerships & More

If you are new to Leyline Renewable Capital, our mission is to fight climate change by providing flexible capital solutions to accelerate the deployment of renewable energy. As former developers, the Leyline team knows the challenges in the project development cycle and has the expertise and capital to help.

RENEWABLE ENERGY NEWS

Freeze on Solar Tariffs: What Do Developers Have to Say?

On June 6, 2022, President Biden announced a two-year pause on tariffs for manufactured solar modules from the developing countries of Cambodia, Malaysia, Thailand, and Vietnam – countries that currently supply 80 percent of U.S. solar imports.

How have solar developers responded to Biden’s announcement? What impact will the freeze have on the U.S. solar industry? In this article, we explore these questions and more.

FUNDING THE FUTURE

Duke Energy’s Carbon Plan: What You Need to Know

As required by HB 951, North Carolina's largest utility, Duke Energy, filed its carbon plan with the N.C. Utilities Commission on May 16, 2022, proposing four options for curbing emissions.

All four plans would retire coal capacity by 2035 by pursuing an “all of the above energy strategy," including natural gas, energy storage, offshore wind, solar and small modular nuclear reactors. Continue reading to find out more key takeaways and their implications.

Worth a Look

EMPOWERING ENTREPRENEURS – HOW LEYLINE'S GROWTH CAPITAL ALLOWED TWO ENERGY DEVELOPERS TO GROW

In 2020, two energy storage developers wanted to take the leap into full-time entrepreneurship. Davion Hill and Ed Rode – the brains behind Momentum Energy Storage Partners – had the right expertise, but lacked the funding to get their business and projects off the ground. This all changed when a mutual connection introduced them to Leyline Renewable Capital in April 2020. Continue reading.

WHAT'S UP WITH CLEAN ENERGY IN THE COMMONWEALTH?

Back in March, Leyline identified Virginia as the number one state for upcoming solar project investment, based on planned coal retirements, incentives for solar developers, the presence of a renewable energy portfolio standard, and other factors. However, the recent solar moratorium and community pushback are creating barriers to solar development in Virginia. Learn more.

Latest from Leyline

MEET CHRISTY SEARL, MANAGING DIRECTOR

Last month, we welcomed Christy Searl as a managing director of origination, bringing her unique expertise as a lawyer, originator and investor to the Leyline team. This month, we had the privilege to sit down and get to know more about Christy and her goals at Leyline. Read her interview here.

LEYLINE PROVIDES $10 MILLION TO LAUNCH NEW DEVELOPMENT PLATFORM FOR SOLTERRA ENERGY

We announced a partnership with Solterra Energy to provide early-stage growth and development capital to support working capital costs for the company and up to 1GW of distributed generation and utility-scale solar energy projects across the eastern United States. Read our full announcement here.