Wednesday, April 23, 2014
US/industry poised to spend ~$2T next 20 yrs replacing outdated power infrastructure ... Calpine sold 6 power plants - 3.5Gw total - for $1.57B ... Overall fuel efficiency of US cars, light trucks 13 MPG in '70. Today 20.7 MPG. (In 44 yrs, that's as far as we got. Pretty crummy.) ... Embry-Riddle students built hybrid EV-biodiesel car. 100 MPG ... Incbio (Portugal) delivered 8K metric ton/yr biodiesel plant to Tunisia comp. Assembly takes ~ 1 week. Used cooking oil feedstock ... Japan imported record levels of coal, LNG in FY ended March. LNG 87.7M tons, up 1% on year. Coal up 5% to 111.5M tons. Est. only under 1/3 of 54- reactor nuke fleet will actually be able to restart because of high cost of new standards, upgrades ... Con Ed installed 40Kw solar on roof of their NYC office tower. Suniva panels. Enough to light 2 floors. Saves ~ $7K/yr. DOE grant ... World Trade Center needs 14Mw of power. Empire State Bldg 9.5Mw. 30 Rock 4Mw. Madison Square Gardens 3Mw. Yankee Stadium 2Mw ... Western TX College, TX Tech joint wind energy degree program ... US Geothermal bought Cal project from Ram Power for $6.4M. 5 completed wells. leases on 3.8K acres ... IFC investing $26M in $132M Pakistan 50Mw wind project. (A little high. 30% the price of corruption in Pakistan?) ... Sempra Mexican unit selling 1/2 of 155Mw 1st phase of Baja wind project for $300M. 3.3Mw Vestas turbines. 1st cross-border wind project. Online 1H15 ... EDF Clean Energy Program in 9 US states that make up near half of US power market. Developing new finance tools: "on-bill repayment", Investor Confidence Project for commercial bldgs ... Clean energy VC/PE "valley of death" widening. Early stage investment at 5-yr low ... Return profile for VC clean energy investment improving despite exit probs: Yaletown ... Siem Offshore won contract to supply, install inner array grid cable for RWE offshore wind project in N Sea ... GE's Colo assets to be auctioned in May ... China Longyuan issuing $481M debt finance - 6-mo maturity - for wind power development ... Brazil's next power auction Sept 12 ... SPWR, Google teaming up to finance $250M residential solar leasing projects ... SUNE got $115M finance for 2 solar projects in Ontario.
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