Thursday, May 29, 2014
1.3GW SOLAR POWER INSTALLED in US in 1Q. 2nd largest total on record after 4Q13. Up 79% from 1Q13. Residential installs up 36% to 232Mw. Utility-scale farms 873Mw v. 322Mw in 1Q13. 225Mw from commercial, govt, non-profit projects. Installs may reach 6.6Gw this year. 12Gw of utility solar projects in development ... Intl GHG reporting tool measuring farm emissions for 1st time ... Ohio legislature voted to put RPS on hold for 2 yrs. Governor expected to sign. (Republicans believe in free markets. What's so free market about utility monopolies or heavily-subsidized oil/gas sector?) ... Oil tanker exploded off W Japan. 1 missing (the captain). Not loaded ... Regional GHG Initiative (RGGI) has reduced CO2, other pollutants AND el prices in US Northeast: study. 29% drop in CO2 emissions. 8% drop in el prices. (New Jersey dropping out of RGGI. Go figure. O yea, Republican governor.) ... New investments in clean/renewable energy down 5% in '13 in N America to $56B, lowest since '10. N Am oil/gas investment $168B ... Half of new power gen capacity in US in '13 was NatGas. 6.86Gw ... China wind cap up 21% in '13 to 91.4Gw. Also up 21% in '12 ... China spending up to 4x more than US in developing shale gas fields ... US clean energy comps raised $2.9B of equity in '13 ... Survey of US shale drillers says their debt has doubled in last 4 yrs, revs up only 5.6%. (Consolidation may be coming sooner rather than later.) ... Libya militias have closed down what little oil exporting they had going. Now 2 prime ministers. US embassy has warned all Americans to get out ... Egypt election facing widespread boycotts of voting ... Boulder has created its own muni power/heat utility ... Malaysia comp to build $700M methanol plant in Kazakhstan. Already owns large NG reserves there ... Finland comp sold waste-to-ethanol plant to Sweden comp. Biowaste, bakeries residue feedstock. 5M liters/yr cap. Online next year ... Iran shipped est. 317K tons LPG to Asia in May ... Japan approved plan to freeze soil around Fukushima nuke plant to prevent radioactive groundwater from entering water supply. To take almost year to build. $314M ... Two 75Mw solar farms now online in S Africa ... Nordex to install 62.7Mw wind farm in Netherlands. 3.3Mw turbines ... Groupon, Solar City (SCTY) offering deals on solar installs. $1 for $400 off for limited time ... Wind power most popular energy source in UK ... Wal Mart to double up on solar installs at US stores. Already 240 installs. Each store ~380Kw ... FIrst Wind finished 3Mw solar farm in Mass. Also 14Mw solar project online next month ... Sun Edison (SUNE) planning IPO for unit to own, operate clean energy plants - TerraForm Power. Initial portfolio 524Mw of solar in US, Canada, UK, Chile. Looking to raise $50M in IPO ... Solazyme (SZYM) began production at Brazil plant making oil, lubricants. Full cap 100K metric tons/yr within 12-18 months ... Failed pipeline spilled 600 barrels crude in Powder R. Basin ... Tornado damaged large Marathon oil refinery in Louisiana ... Innovative Solar Systems (NC) intends to build 12 solar projects in state. 25-80Mw each for 620Mw total ... Brazil registered 248 wind project proposals, total 6.1Gw, for June 6 auction ... Iberdrola abandoned $150M New Hampshire wind farm ... Demand for new solar installs in Europe to drop 7.7% this year to 10Gw ... UK will need to install more onshore wind to meet '20 goal of 15% clean/ren energy ... France annulled wind FITs. To create new FIT rules.
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