Wednesday, February 5, 2014

STUFF ... Europe Parliament voted in favor of 30% clean/ren target for '30, binding national targets ... Sao Paulo's biggest water supply system could run dry in 45 days ... Ormat (ORA) got 3rd geothermal plant online at Kenya complex. Now 110Mw ... REC Solar sold residential unit to Sunrun. Unit grew 65% in '13. REC to focus on commercial market that grew 40% in '13. REC has 350 comm projects in 14 states. Sunrun can go after Solar City (SCTY) biz ... 3 comps fined total $93K for mislabeling crude oil in rail transit. Hess, Whiting, Marathon. Regulators also expanding to include corrosives, H sulfide, gas concentrations, more ... Admin announced 7 regional "climate hubs" to help farmers, rural communities respond to climate change risks including drought, invasive pests, fires, floods, etc ... US econ lost $50B from drought '11-'13. Mostly ag ... Acre of corn net US farmers avg $284 this yr (land owned). Veg ops using plastic covers can net up to $100K/ac. US farmland growing veg ~1.8M ac. in '12 from 1.9M in '02. 2.8M ac. in fruit/citrus in '12. Was 3.2M in '02 ... DONG to invest Eur4B in '14 ... Reykjavik Geothermal to raise $1.5B debt finance for Ethiopian project ... NRG unit to launch $300M debt offering to buy more clean energy assets ... Morocco secured Asian investors for $9B solar project in disputed W Sahara region ... aleo Solar (Germany) sold ops, Brandenburg factory, brand to SCP Solar (Germany) ... IBC Solar (Germany) to cut jobs in shift to non-Europe markets ... Vattenfall to invest Eur1.25B in wind power '14-'18 ... BLM undervalues coal leases: GAO report ... EPA gave TX agency authority over GHG permitting. 30-day comment. TX emits most of all states ... U of E Anglia scientist funded to study how Arctic sea ice reacts with atmos. 8 cubic meter chamber ... Climate change will increase UK's heat-related deaths 257% by '50: study ... S west England's severe floods continue ... UK GHG emissions up 3.2% in '12 ... Sattelite data raising questions about safety of oil sands extraction. Focus on polycyclic aromatic HCs (PAHs) - priority pollutants: EPA ... Nevada Hydro told FERC its making progress on interconnect issues for 600Mw pumped storage hydro project in Cal ... Nordex (Germany) sees its wind installs up 30% this yr ... WattJoule license deal with Battelle/PNNL for vanadium redox flow batt tech. Dec. deal with ORNL, U of Tenn. PNNL tech to help double energy density, widen temp range. 1st gen product "finished". ~3 yrs from market ... Green Charge Networks installed ~750Kw in 4Q13, ~1M installed now. 7-11, Avis, Walgreens among customers. Peak el shaving, demand charges focus ... Aemetix (AMTX) added distillation unit to 50M gal/y biodiesel, glycerin plant in India to meet EU biodiesel standards ... UC Davis developed process for cellulosic biofuel from farm, forest, muni green waste with levulinic acid ... Iowa AG says EPA can't legally cut RFS ... Congressional Black Caucus asking EPA to keep RFS under 10%. Food prices ... US coal industry produced 984M tons in '13. 1st time since '93 under 1B ... Arch Coal (ACI) 8th straight Q of losses. Stock down to $4 from $70 pre-recession. $35 3 yrs ago ... US burned 35M more tons coal for power in '13 v. '12 ... Nigerian oil comp suing Total, Samsung, others for exclusion from $200M local component of $3.8B floating oil/gas production vessel ... Japan utilities to step up LNG imports. TEPCO deal with Qatar - 60-90K tons/y '16-'18, 180K to '30. Toho 20-yr deal with Sempra for LNG from Louisiana project. Kansai 20-yr deal for MD terminal NG. Bottom line: Japan pressuring US to approve LNG terminals. Using Henry Hub prices v. link to oil prices ... Petrobras stock at 8-yr low. Down 25% last 12 mo. Much-hyped deposits offshore now big letdown. Rising debt ($112B). Govt interference on pricing, local content. Comes in last in free cash flow out of 113 oil/gas comps ... Shell started production from "Olympus" in GOM. "Mars B" field in 3K-ft water. Field ~60Kb/d in '13. Shell hopes for 100K. BP 28% stake. Discovered '89, production start '96. 770M BOE taken out to date, 700M original est. Shell says could last past '50 ... Rosatom (Russia) launched talks with Jordan for their 1st nuke plant ... World's largest solar thermal plant started operating 3 units. 392Mw for over $2B. NRG Energy. Mojave Desert ... NRG deal to power 75% of Brit VI island with clean/ren micro grid ... US el demand up 1.4% in '13. 1st gain since '10. Coal 39%, up 2%. NG 28%, down 3%. Clean/ren 13%, up 1% (33% with nuke). 1st increase in CO2 emiss since '10. CO2 down ~10% from '05, peaked in '07 ... DOE: spate of reactor closures threatens US climate goals ... "Sustainability" new VC buzzword. Making way into bond ratings ... Bees got short shrift in US farm bill. Buzz ... DOI to advance OR floating wind turbine proposal ... House GOP ruling out linking Keystone XL to debt ceiling ... Obama threatening veto of House bill offering more water for Cal farms (?!) ... Fed criminal probe into WV chem spill ... TX utility to reopen 3 coal plants early ... Global wind cap up 12.4% in '13 ... EPA: discharges of industrial toxins down 12% in '12.

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