Calif snow pack 17% of normal.
Indonesia struggling to end fuel subsidies. 100M folks living on $2/day or less. Good God. Fuel prices among lowest in world - $1.74 to >$2.30/gal. Burning hole in national budget. Subsidies could reach $23B this year, up from 20 last year. Total subsidies for fuel and el power could be $32B this year, 20% of budget. More than both social programs, capital spending. Net importer of petrol.
US admin taking steps to strengthen US Arctic policy ... White House briefed on dangers of Arctic melt.
EPA to provide $569M - not 568, not 570, 569 (how is it really figured?) - in grants to help NY, NJ repair wastewater, drinking water facilities damaged in Sandy.
FL promoting NGVs.
HI approved 1st ever in US finance system for solar power. (Maybe 1st in world?)
NOAA completed space instrument to focus on solar storms.
US may charge JP Morgan for power market manipulations in Cal, Mich. (Didn't Enron teach enough?)
Mitsubishi, Itochu, GDF Suez (Japan and France) got contract for Turkey's 2nd nuke plant. $22B for 4.8Gw. Turkey imports almost 97% of its power. Rosatom (Russia) to build 1st nuke. $20B for 4.8Gw. (Why didn't Turkey stick with Rosatom for $2B less?)
Eu's ineffective energy policies stifle investment: UK govt committee.
UN delegates debating new emissions reductions goals for '50 in Bonn.
TX, Louisiana enviros suing EPA over regulations of plant emissions.
Court ruled Indiana regulators allowed ethanol plants to exceed emissions limits.
DOE, industry teaming up on special lids for nuke fuel containers.
Oil tank explosion in Louisiana.
USGS: drought, development drying up AZ river. (The Salt? It was dried up when we parked in its bed in '80.)
Court upheld NY towns' fracking bans.
OH lawmakers pushing for ban on fracking wastewater injections.
Oil tax changes failed in ND house.
PV solar supply/demand gap narrowed slightly in '12. Overcapacity to continue next several years. Total cap 36Gw, up from 35 in '11. Production under 29Gw. Shipments up 10% to 26Gw. Yingli led with 2.5Gw shipped. Top 12 cell, module makers '12 revs $12.3B. Losses near $3B. 43% drop in global avg. price t0 78 cents/w. '13 forecasts range from 30-36Gw shipments, 40-43Gw capacity. Q1 reports indicating some price increase, higher yoy shipments.
Hannon Armstrong Sustainable Infrastructure Capital (HASI) IPO'd in April. 2nd REIT for clean/ren/sustainable infra. Power REIT (PW) illiquid, involved in litigation. HASI maket cap 10x PW.
Cereplast (CERP) announced new bioplastic resin grade with 51% algae biomass. Commercially available this Q.
Again, big news of week. New est. of 7.4B bls of undiscovered, technically recoverable oil in Bakken, Three Forks formations. 2x previous est. And 6.7TCF NG, 3x previous est.
Chernoble released radiation equivalent to 500 Hiroshima bombs, in case we forgot. 27 years ago. (I was just starting to help grow 7K acres/yr of hard red winter wheat in Colorado at the time.) Cost to Ukraine ~$180B and counting. (Who knows what will show up.)
Sauds plans to increase oil production from 12.5mb/d now to 15M by '20.
Japan signed nuke cooperation, tech transfer agreement with UAE for renewal of deal set to expire in '18 that gives Japan Oil Development 12% share in Abu Dhabi Marine Operating's oil/gas concession. Earlier this year, Japan deal to provide Sauds with nuke expertise (Fukushima?) for long-term oil supply contracts.
Huge rocks found in coal deliiveries threatening India's power sector.
Edison Intl said San Onofre nuke plant in Cal may retire both reactors.
Several US states proposing gas tax on vehicles made in '15 and beyondo that get 55MPG or more. Taxes on gas provide ~60% of funds for road projects.
Ormat (ORA) started ops at 36Mw geothermal plant in Kenya. ORA has 611Mw worldwide. Planning 16Mw more in Kenya online '14.
AZ regulators approved Tucson El Power's cut of incentives for residential rooftop solar. Elims incentives for commercial clean/renewable energy installs. Homeowners to get 10 cents/w. Cut budget of installs from $5M in '12 to $745K. Hot water solar installs to get 40 cents/Kwh, down from 50 cents sought by TEP. Overall TEP budget for clean/ren up to $35.8M from $30M in '12. State requires utilities to get 15% elgen from clean/ren by '25.
Sulon (Tucson) turned on 10Mw PV solar plant near Kingman. Duke owned. UniSource Energy, Services PPA. Sub of UNS Energy.
Lansing installed 1st muni-owned solar powered EV charging station in US. 5Kw carport. Italian and Canadian comps. Eaton chargers. SILFAB solar panels. LED lighting. To charge fleet of Lansing Board of Water & Light.
San Diego G&E intro'd 3 new green button aps to help customers save energy money.
Ameresco (AMRC) started $1.6M energy efficiency project in Montana. Lewis & Clark County. Improvements at 28 county bldgs. Completion this fall. 83 more cars off the road.
Vireol plans to raise $125M for UK wheat to ethanol plant. 52M gal/yr. Online '16. UK readying for E10. 3B liters ethanol/yr. 1.5B Pounds/yr market.
P&G has zero waste to landfill at 45 plants. $1B value in last 5 yrs.
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