Monday, June 30, 2014

POLICIES CURBING GLOBAL WARMING can boost economic growth, create jobs, save millions of lives: World Bank President. Policies to reduce CO2 emissions in Brazil, China, India, Mexico, US, EU would increase global GDP $1.8T/yr ... Clean/renewable power 14% of total US power gen 1st 4 months '14. (~34% including nuclear.) ... Warmest May globally in over a century. Oceans also set heat record: NOAA ... Costs of power outages in US up to $150B/yr. Up 285% from '84. (Isn't almost everything?) US grid worth est. $876B. More than 70% of transmission lines over 25 yrs old. Avg. power plant over 30 yrs old ... Oil prices have 94% chance of going up 25-36% next 3 mo to year: charting expert. (Maybe he'll be wrong.) ... SInohydro to build 124Mw hydropower plant in Bolivia. Online in '18. $235M ... Pattern Energy (PEGI) bought 38.5% stake in 115Mw Chile wind project from AEI. Brings PEGI stake to 70% ... French initiative will facilitate loans for clean/ren power, energy efficiency, other projects in Jordan ... REC Solar, Kaua'i Island Utility Coop broke ground on 12Mw solar project. Online in '15. 6Mw lithium ion batt storage system ... OPIC approved investment guarantee of up to $230M for 141Mw First Solar (FSLR) Chile plant ... New $7B transmission line boosting wind power from west TX to east TX cities. Completed last year. 3,500 miles. TX hit 10Gw wind power capacity in March ... Sun Edison (SUNE) closed $190M finance for 73Mw Chile solar project. $48.9M from OPIC, $50.3M from IADB, $16M from Clean Tech Fund, $39.8M from Chile bank. Also local value-added tax facility worth $35M. Online later this year ... Brite Energy Solar got $14.2M in finance round to expand business ... Boralex (Canada) closed $194M finance for 2 wind projects in Quebec. 75Mw total. All online by late '15 ... Caribbean needs up to $30B investment to cut reliance on fossil fuels, expand clean power: Caribbean Development Bank. $20B needed next 5-10 years to replace power plants, upgrade grid. $10B to improve roads, airports, "climate-proof" infrastructure ... UK audit questioning $28B for 8 clean/ren power projects. 5 offshore wind, 2 coal-to-biomass, 1 biomass heat & power. "Too generous to developers."

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