Jenny Chase

Solar analyst with BloombergNEF, goose keeper. Author of "Solar Power Finance Without the Jargon". Opinions here are all my own. She/her.

[Jenny Chase @solar_chase]

2025 updates to this thread are now available on Bluesky and Mastodon. (And the discount code for the book is re-activated until end of November 2025).

[Jenny Chase @solar_chase]

Time to make 2024 updates to my annual “opinions about solar” thread. If you like these, the second edition of my book, Solar Power Finance Without The Jargon, is new this year. A 30% discount code WSQ0437 is valid on publisher website until end of Oct.

https://t.co/ZQcHImBVVQ

[Jenny Chase @solar_chase]

@gbrooksenglish I am on maternity leave so it may be a relatively unadjusted update, but I'll do it by end of October, between nappy washes, being thrown up on, and drinking Aperol Spritz!

[Jenny Chase @solar_chase]

Time to make 2024 updates to my annual “opinions about solar” thread. If you like these, the second edition of my book, Solar Power Finance Without The Jargon, is new this year. A 30% discount code WSQ0437 is valid on publisher website until end of Oct.

https://t.co/ZQcHImBVVQ

[Jenny Chase @solar_chase]

@NathanpmYoung @patrickc Hey - thanks Nathan for the effort in reaching out, but I'm not really on Twitter any more (and also on maternity leave until January). Sorry!

[Jenny Chase @solar_chase]

The actual BNEF solar module tiering methodology, which has nothing to do with "stable capacity assurance" or "reliable product performance", is here:

https://t.co/03bgf0ysAv

[Jenny Chase @solar_chase]

BNEF PV tiering team note that almost none of this description of methodology by Phono Solar is accurate. This release is not endorsed by BNEF.

https://t.co/wTl0aTl0wi

[Jenny Chase @solar_chase]

@Leon_Vandenberg @MLiebreich Bluesky.

[Jenny Chase @solar_chase]

@type1ayy Thanks, but I decided a few months ago I wasn't going to furnish anything more of possible value to the current owners of this place. I have not really missed it.

This is just a change of main address notification.

[Jenny Chase @solar_chase]

By the way, I have mostly decamped to bluesky and mastodon.

[Jenny Chase @solar_chase]

@soniakdunlop @BloombergNEF @pvmagazine @GSolarCouncil Yes, that's right!

[Dave Jones @CleanPowerDave]

just pasting this from Jenny's book for the record..

"In addition, Saudi Arabia, Dubai, and Abu Dhabi decided inexplicably that there was some kind of prestige to having the cheapest solar. Mostly, this gave them an incentive for the government to internalise various costs (with grid, land, and sometimes even labour paid for by the government) and report a price that is a synthetic calculation rather than the price you could actually get someone to build you a power plant for. This peaked in an announcement in April 2021 that seven solar projects totalling 3.6 GW in Saudi Arabia would sell power for ‘a world record low price’ of $10.4/MWh. I have no idea how they got to that number, but as of early 2023, none have been built yet and the Saudi government is quietly switching to just asking state developer ACWA Power to build a bunch of solar plants without fanfare."

[Jenny Chase @solar_chase]

@CleanPowerDave @SolarInMASS Yep. Or maybe linked to something else.

Also the utilities always end up owning 40-60% of the projects anyway.

[Jenny Chase @solar_chase]

The BloombergNEF solar module tiering team wishes it to be known that the tier 1 criteria have been updated. The main change is that from 2Q 2025, only solar projects over 10MW are relevant to tiering.

They are not seeking feedback on this change.

https://t.co/03bgf0ysAv

[Jenny Chase @solar_chase]

The BloombergNEF solar module tiering team wishes it to be known that the tier 1 criteria have been updated. The main change is that from 2Q 2025, only solar projects over 10MW are relevant to tiering.

They are not seeking feedback on this change.

https://t.co/03bgf0ysAv

[Jenny Chase @solar_chase]

@SimisterJ @FryRsquared @bbgoriginals @BBC Thanks I guess! I mean, nobody's asked me :)

[Jenny Chase @solar_chase]

I'm doing a webinar from 10-11:30am European time tomorrow (Wednesday 22 January) with @TaiyangNews, @soniakdunlop and Henning Schulze of JA Solar, on the global solar market outlook. Register here for free if you want to join!

https://t.co/iu3Tnx2QU7

[Jenny Chase @solar_chase]

My @TEDTalks on how cheap solar is changing the world, or at least Pakistan, South Africa and California. And on how difficult it is to get good solar data.

https://t.co/gKTSsfQdnM

[TaiyangNews - All About Solar @TaiyangNews]

📢 Join @TaiyangNews Solar Market 2024 Review & 2025 Outlook Webinar on January 22, 2025 where Jenny Chase @solar_chase will present the PV Market Outlook of @BloombergNEF to show where the solar industry ☀️ is headed this year. Register 🆓👉 https://t.co/ykDK3Ht3zc #SOLAR

[Jenny Chase @solar_chase]

In January 2024 we expected 2024 solar new build to be about 513GW(DC). Now we think it was about 599GW (DC).

Mind you there is still 65GW of buffer in that to cover analyst cowardice. I expect it'll mostly turn up in identifiable markets though.