Wednesday, April 2, 2014
STUFF ... Gazprom raised NG prices 44% for Ukraine to $385/1Kcm. Russia also shot 2 chocolate factories in Russia owned by leading Ukraine prez candidate. And cancelled missile purchases from Ukraine factory. (That's how bullies act, kids. I can understand Russia securing their Navy base in Crimea from Europe encroachment. But Jeeze Leweeze Vlad. Cool off.) ... India to award 1Gw solar permits over next 12 months. 30% above original target. 2Gw already built. Scaled back solar thermal to 100Mw, down from over 1Gw '12 target. (But we don't see any clean E reports coming out of Russia do we Vlad? No, it's all oil and gas from you. Know what redound is Vlad. Join the world Vlad.) ... Merkel may ease cuts in wind subsidies ... Carnegie Wind Energy (Australia) got last berth at England's Wave Hub 30Mw demo site. Seatricity (UK), Fortum (Finland) the other berthers ... Panama 1st ever solar plant online. 2.4Mw. $9M donation from Enel Green Power, Italy ... Latin Am's largest solar plant now online in Mexico by Aura Solar. 39Mw. $100M from World Bank, IFC, Mex-based development bank ... Brazil goal over 20Gw wind by '22: Navigant ... Rio Bravo wants to bring over 500Mw wind power online by yearend in Brazil. Wants to more than double that by '17 ... Enel building 102Mw combined hydro/solar plant in Brazil. 1.2Mw solar. '16 completion ... Caribbean getting $6.8M for clean energy development. 7 islands onboard after Branson summit ... NG selling for $13.66/MCF in Europe. Costs $4-5 to get it to 'em from Russia. Huh. Pretty sweet profit, A? ... Privatizing Ukraine NG pipeline system, energy assets could raise $50B for the country of Ukraine ... Germany brought NG pumping station online allowing NG flow to Poland in case of Russia supply disruption. (Got it yet, Vlad? Play nice.) ... Soaring US ethanol prices driving Brazil imports. 5.3M gal getting loaded up ... Brazil ethanol production jump 1st half March. Over 25M liters. Up over 1K% yoy. Up to 40 mills online ... Pump prices not substantially affected by ethanol content: MIT researcher ... Lukoil, Total to join in on W Siberia shale oil deposit. (There you go, Vlad.) 733K bl extraction this yr. Bazhenov the size of TX, GOM combined. 80x Bakken. Est. 75B bls. Exxon planning $300M pilot project with Rosneft. Wintershall (Germany) eyeing deal with Lukoil ... Lithuania joined in asking US to expedite NG exports. (Despite reality.) ... Oil tanker shot at in Hormuz. From skiff. Onboard hoses dispersed them. (What the hell ... duck and cover) ... Major Iraq oil field now producing. Lukoil. 120Kb/d to ramp to 400K by yearend. Est. 14B bls ... Mexico walking back opening up oil/gas production to world. Considering local content rules ... GDF Suez deal with Beijing Enterprise to develop China NG, energy efficiency projects. Switchover to NG from coal improving city's air quality. But they need increased NG storage, capacity ... Gamesa installed 1st onshore 5Mw proto wind turbine. 128m rotor, 184m height. Evolved from 4.5Mw model ... AZ Pub Svc clean energy goal to double now by '29. (wow. not by '29. how so?) Rooftop solar, energy efficiency to triple. (woo.) NG to surpass coal, nuke. (dudes, keep the nuke. it's clean.) Modernizing grid. Energy demand to grow 52% by then to 13Gw peak. 14% less CO2, 24% less water/Mwh by '29. $170M next 5 yrs on grid. (O come on APS. How many sun days a year? Sun intensity? There should be a law telling you to do more solar.) ... EverPower Wind to buy Suzlon's 240Mw IL wind farm. Suzlon may recover ~$90M. (Convoluted finance. Almost discombobulated.) ... India may upgrade fuel standards to match today's world by '21. 9 yrs behind Turkey, Brazil. Annual sales of light vehicles expected to near triple by then. (We're toast, kids.) ... Again: air pollution worldwide kills more than AIDS, diabetes and road accidents combined. Especially from diesel vehicles. Diesel car sales surging in India with subsidized diesel 23% cheaper than gasoline, better mileage. '21 timeline puts them in line with Vietnam. China to get there by '18. Upgrading a refinery costs $417M. ~20 state-owned refineries ... Phillips nextgen: 3D-printed LED lamps ... Trading in LDK Solar halted. Delisting started. Liquidation. China stopped funding ... Global PV installs to hit 48GW this year. Asia strong growth. (How much in Russia, Vlad?) ... ReneSola closed on 60Mw solar deal in China. 3 projects ... Sun Edison Yield Co got $250M finance from Goldman ... NRG closed on $2.64B buy of Edison Mission Energy. Also bought retail el biz of Dominion lately ... China intends to intro offshore wind FIT this yr. Wants 5Gw by '15. 390Mw so far ... EIB providing Eur750M for French clean energy thru '15 ... First Wind Capital to raise $75M w/ secured notes due '18 to partially fund 148Mw wind project and purchases of solar ... Abengoa to raise up to $600M from IPO of US Yield unit Abengoa Yield ... Sorgenia (Italy) selling all clean energy assets, exploration/production bis to reduce debt. Already divesting 5Mw solar .. Well, pards. onward and upward. Happy trailers. God bless.
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