Friday, January 10, 2014
STUFF ... Global peak oil is here: former BP geologist. "It will break economies." Conventional oil most likely peaked ~'08 - production flat since '08. Peaking a result of declining production rates, not declining reserves. 37 countries already post-peak. New discoveries haven't matched consumption since '86. Production declines of 4%/yr from mature fields ... Starwood unit closed finance with GE, Citi, Santander for 211Mw TX wind project near Lubbock. 1st phase of 377Mw. GE turbines. Online late '14. Starwood's 1st wind investment ... Enbridge (ENB) to build 110Mw TX wind project for RES Americas. $200M ... FERC adopted new Cal fast-track interconnection rules nationwide for small wholesale clean energy projects. 5Mw and up ... US west coast drought extending into OR, WA ... NG power plants emit 56% less CO2 than coal: study ... UN trying to blend climate change solutions with anti poverty steps ... Wind power primary power source in Spain in Dec. Over 21% of demand. Wind met 10% of power demand in Britain in Dec ... Myriant (Mass) withdrew plans for $125M IPO, not saying why ... TriState Biodiesel to heat Super Bowl party tents with used cooking oil biodies ... Bio Energy Intl (Germany) to build world's largest multi-feedstock (waste materials) biodiesel plant in Netherlands for $64M. 250K tons/yr cap ... ~70% of US ethanol production shipped by rail ... Origin Oil (OOIL) licensing its tech for hydroponics in E Asia ... With higher NG prices, coal use rose to 39% of power gen in US in '13. NG fell 2% to 28%. EIA says coal will add another 1% in '14. NG to fall below 27% ... Another oil (w/ LPG) train derail/fire Wednesday in E Canada. 150 evacuated ... China's rare earth industry still dominated by illegal ops despite 2-yr campaign ... NY governor committing $1B over 10 yrs to solar initiative. Goal 3Gw. Also to help schools go solar ... EIB priced $388M Climate Awareness Bond ... NRG Energy to partly finance Edison Mission acquisition with $700M debt offer ... Ambienta (Italy) raised extra 50M Euros for 2nd enviro fund ... Chengdong sold 7.75% stake in GCL-Poly for $400M ... Abengoa to build $1B 110Mw concentrated solar plant in Chile ... US ITC launched antidumping investigation on China, Taiwan solar products.
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