Monday, February 17, 2014
STUFF ... WTI up ~$101, Brent over $109. NG up to $5.45. New Italy PM. Merkel calling for Euro internet ... Kellogg to stop buying deforested palm oil after pressure ... US solar industry now ~$11.5B market ... Arctic summer melt season month or more longer now than in '79. Primarily from delayed fall freeze up. 7 lowest Sept ice extents in last 10 yrs. Artic temps up twice as much as global avg ... FERC approved new permit for 240Mw Alaska tidal energy project. 2 extra years to explore feasibility ... Global oil stocks 103M bls below 5-yr avg. at end of '13 ... Iran oil exports up 100Kb/d in Jan ... Libya production now down to 390Kb/d. Protesters partially blocking pipelines ... NG pipe crossing Sinai blown up again ... China installed 94Gw new power gen cap in '13. 36Gw thermal (mostly coal), 30Gw hydro, 14Gw wind, 11Gw solar, 2Gw nuke. Total gen cap now 1,250Gw ... OPEC production up 28Kb/d in Jan to 29.7M ... Egypt signed oil/NG exploration deals expected to bring in $265M in new investment ... US crude shipments by rail up 8.7% in Jan over last year ... Biodiesel tax incentive renewal intro'd in US Senate. 3-yr extension. $1/gal incentive ... NY awarded $3M to 18 research institutions, tech developers, biomass fuel businesses to encourage growth of high efficiency, low emissions wood-fired heating equipment ... 3% of UK fuel renewables - over 350M gal/yr - but 19% goes to US. 50% ethanol, 37% biodiesel ... No foreign drillers to be allowed in Iran's Caspian waters: Iran. EIA est. Caspian may hold up to 250B bls recoverable oil, another 200B potential reserves, up to 9.2TCM recoverable NG ... Turkey's state-owned TPAO opting out of Iran South Pars NG project. But TPAO to build NG pipeline Iran to Turkey. South Pars est. 14TCM NG, 18B bls condensates ... To be many more closures of coal-fired power plants in US over next 2 yrs than has been announced: EIA. Up to 40Gw. Est. ~60Gw by '20. Existing 310Gw coal cap. New limits on mercury emissions take effect in '15 (possible one year extension) ... Duke issued request for 300Mw new solar in NC ... NV PUC directed NV Energy to submit plan for closure of coal-fired plant, disclose expected cost to ratepayers ... Vestas finishing up 84Mw wind project in Romania, option for up to 150Mw ... India plans to start work on at least 2Gw solar in year starting April that will near double current cap. Country planning 6x increase in solar cap by '17. Added 29Gw power cap last April to Dec. Peak power deficit dropped to 4% from 11.4% year earlier ... Geronimo Energy targeting 1Gw US wind by '16 ... Kleiner Perkins most active VC/PE clean energy investor for 2nd yr in row in '13 ... Copenhagen Infrastructure Partners to invest Eur384M in 900Mw offshore wind grid connection to be built by TenneT (Netherlands) ... Wanxiang won auction for Fisker with $149M bid ... US ITC ruled against crystalline solar imports from China, Taiwan ... Euro consortium, including EIB, to provide Eur350M to wind developer for 195Mw wind project, to be largest farm in Netherlands ... Trina Solar took 51% stake in Shenzhen S.C. subsidiary.
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