Friday, April 4, 2014

STUFF ... In '07, Medvedev said Gazprom (OGZD) market value would quadruple to $1T in 7-10 yrs. He was off ~$910B. No comp among world's top 5K suffered bigger collapse of market value ... Milwaukee sinking. Groundwater depletion undermining foundations ... US seeking changes to "skewed" data in UN climate draft ... Opower pricing $116M IPO at high end, $19/share ... Delta (Netherlands) to buy 85% of power from 600Mw offshore wind farm. 15% sold to HVC ... RAME Energy IPO in London to finance Chile wind projects ... SCTY to raise over $70M with note offering. 4.59% interest ... SUNE to buy 660Mw of solar cells from Shinsung (S Korea) next 3 yrs. To use SUNE silicon wafers ... AES unit to build 100Mw energy storage in Ireland to support wind power, improve grid efficiency ... Ioxus (NY) raised $21M in series C round. Ultracapacitor developer ... Enel to invest eur6.1B to add 4.6Gw clean energy through '17. 2.9Gw in emerging markets ... SSE (UK) transferring lease for 200Mw Scot tidal project to DP Energy (Ireland) ... Georgia Power launched 495Mw solar request for proposals for '15, '16 connections ... Anadarko to pay $5.1B settlement for enviro cleanup incurred by subsid Kerr-McGee. (Remember Karen Silkwood?) Govt sought up to over $20B ... 1/4 of Europe's bees face extinction: study. (We need the bees, folks. I still feel bad for spraying pesticides on a Colorado sunflower field full of bees.) ... TSLA appealing NJ direct sales rule in state court ... Lowe's ordered to pay $18M for enviro violations ... 2nd oil spill reported from Utah ... Japan cancelled Antartic whale hunt. (YES Japan! Thank you!) 1st time in 25 yrs. UN recent ruling against. (YES, UN! Now the dolphins, A? Stop that.) ... DOI has thousands of injection wells on fed lands banned by EPA for near decade. Threatens US water supply ... Competition to develop sensors to detect methane eimissions from oil/gas ops announced by EDF, 5 industry partners ... Arctic sea ice 5th lowest level on record this year ... US loan to boost Russia LNG export capacity held up ... Fracking rules set in Alaska ... US comp's oil sands export pipeline plans moving forward ... New Mich law seeks to boost CO2-based oil extraction ... Gazprom market value has tumbled ... US Senate committee voted to extend $85B tax break for wind power ... UK announced solar policy. 20Gw cap by '20. Double residential rooftop cap to 1M homes this yr. Arrays for commercial, public bldgs. 1Gw on public bldgs by '20 ... Global solar market forecast $134B by '20 ... Solar cheaper than LNG for power gen in many parts of Asia ... Global energy mart $5T ... $250M Iowa plant to start producing cellulosic ethanol by July. JV with Poet, Royal DSM. 20-25M gal/yr cap. Full production by yearend. Corn waste feedstock ... 9.4Mw combined heat, power from waste plant in development in OH. Largest of kind ... Sungevity (Cal) got $70M from investors including E ON, GE to expand in Europe, Australia. ~2/3 of their biz now in US. '13 sales doubled ... Tar sands likely caused sickness that forced 6 families to abandon homes: Canada regulator ... Z Energy (New Zealand) to build $21M biodiesel plant ... 9 biobased ventures raised $39M 1Q14. Biggest was SZYM's $158M project. 8 ventures raised $128M 4Q13. $1.3B raised last 12 months, up from $1.23B. PEIX raising $28M with 1.75M share offer ... Scania added new biodiesel engine to truck lineup. 5 now ... UK Coal may close 2 of last 3 mines. US shale gas used for powgen forcing more US coal overseas. US coal exports to UK up 11.8% in '13. UK coal production down 24% in '13. But still over 40% of powgen mix ... Russia, Iran moving closer to $15-20B oil-for-goods deal ... LNG prices hit over $20 in Feb from Asia demand. $15 lately. S west Europe LNG hit near $13 this week after $17 at peak. S Am demand pushing up Europe prices ... Apache selling $374M more of Canada oil/gas assets. Divesting dry gas ... China to exempt EV buyers 10% sales tax. Including hybrids. Subsidies for EVs to be reduced slower than planned. 5% drop this yr v. 10% example .... Clean Energy Collective, RGE Energy to deploy 1st community-owned solar farms in Mass. 2 arrays of near 1Mw each. Online by July ... Egypt has 1 of worst air pollution levels in world. But their Cabinet approved use of coal for powgen ... PA giving First Energy 14 yrs to close coal ash dump polluting groundwater in PA, WV ... EDF Energy shut down nuke. 2 advanced gas-cooled reactors. Over 1Gw total. Online from '83 ... Boeing building Guam's 1st solar plant for NRG Energy. 25Mw. To save $300M of diesel, fuel oil costs. Lowest cost energy on average ... SoftBank unit to invest in 90Mw offshore wind project in Japan. 2B yen just for studies. Happy trailers, pards. Onward and upward. Gates for president.

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