Thursday, June 19, 2014
EXXON, BP EVACUATING Iraq workers ... Ukraine vowing unilateral ceasefire ... Large swaths of land in India turning into desert ... Iraq officials est. ISIL 6K strong ... Clean energy, if properly adopted, could create better paying jobs, improve intl trade balances, promote industrial development around world: IRENA ... Sempra Energy got final US approval for Louisiana LNG export terminal. US' 2nd. Construction start later this year. $9-10B. 75 conditions. Fully online '18. 1.7BCF/d. Partnered with GDF Suez, Sumitomo Mitsui, Mitsubishi/Nippon JV ... Oakland voted to reject investments in fossil fuels, oppose rail oil shipments ... Global oil/gas exploration/production spending to hit record $712B this year: Barclays. But comps slowing offshore development spending. Costs skyrocketing ... Prices for Chinese solar panels to rise avg. 14% in US from import duties that may be imposed later this year: GTM Research. Price of panels on spot market now 79 cents/w ... Russia to shut Nord Stream NG pipeline for maintenance. (Uh-huh. Good timing, Vlad.) ... Coal met 30% of world's energy demand in '13. Highest since '70. Up 3% from '12. Oil met 33%. Coal use to jump 1.2B tons '12-'17: IEA. (We'll see.) ... Panasonic, Sharp, Sunpower (SPWR) new tech for record solar efficiency. 25.6%. Cost competitive with fossil fuels. Broke 20-yr 25% record ... Manchester NH going with LED street lights with PSNH help. El bill to be cut near in half from $1.4M/yr. $3.7M city bond to cover cost. 9K lights. Net savings $300K/yr. Also savings having city workers maintain. LEDs cast brighter light than sodium lights ... Solar World, RGS Energy (RGSE) partnering to deploy US-made solar panels nationwide ... Dominion to buy 20Mw Cal solar project from EDF US unit ... Rocky Mountain Power (Buffett unit) closed 2nd deal this month to buy solar power from First Wind Holdings projects. 4 80Mw solar farms in Utah ... FLS Energy began building 38Mw N Carolina solar farm ... Onzo (UK) raised $2.4M to expand in US. Gathers data on public energy use for utilities ... Smart grid investment last year in Americas $3.6B ... Joule Assets financing 10 firms with potential $90M pipeline. In talks for up to $270M.
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