On January 12th, GW Solar Institute Director Amit Ronen was quoted on the front page of the LA Times as an analyst in Julie Cart's article on the future of utility-scale solar energy projects. The article discussed the financing, policy, and regulatory issues hindering the development of additional concentrating solar power plants.
"I would say we are in an assessment period," said Amit Ronen, director of the George Washington University Solar Institute. "Nobody's going to break ground on any big new solar projects right now — utilities want to see how farms coming online this year fit into the grid, and developers are waiting for more certainty about state policies and federal tax credits."
The article also included insights from GW Solar Institute Advisory Board member Jerry Bloom:
In California, utilities are saying they have enough projects under contract to meet the state's 33% standard for power from renewable sources, said Jerry R. Bloom, chairman of the energy practice at Winston and Strawn, an L.A.-based firm that arranges financing for large renewable energy projects. "Until you know that you are going to build the plant and be able to sell the power, no one is going to get money to build," Bloom said. "No bank would fund it."