Friday, June 20, 2014
SPAIN SET NEW RATES for power suppliers using clean, renewable power sources based on "reasonable return". Ended subsidy system. 1,761-page regulation takes effect tomorrow. Return based on cost of investment, many more parameters. Country awarded $68B of subsidies last 25 years. Didn't secure all money needed to fund it, though. Subsidies cost about 9B Euros in '13. "Tariff deficit" carried by traditional power distributors, securitized in chunks to private investors. But Spain power generation over 50% clean on sunny, windy stretches ... France proposing cap on nuclear power generation at current level of 63.2Gw, shift reliance to other clean, renewable power. Nuke now 75%, target 50% by '25 ... India's plan to impose duties on solar imports threatens up to 3.5Gw of solar projects. Solar would no longer be cost-competitive with peak power prices on grid ... Italy proposing retroactive cuts to solar FIT ... China introduced offshore wind FIT of 12 cents/Kwh for inter-tidal projects, more for near-shore ... Fickle fed support, extremely high capital costs, weak demand for clean power investments (really?) holding back clean power bonds. State, municipal bonds offer proven way to address issue ... Tesla (TSLA) to expand fast-charge network in Europe. Drive across Europe by yearend. Opened 3 charging stations on German highways to reach Switzerland, Austria. 36 TSLA sales outlets Sweden to Italy. 23 charging stations now in Europe. Plans to open more than 30 service centers, stores in Europe ... Fuels America says E85 can save drivers 61 cents/gallon ... KiOR (KIOR) laying off workers at Mississippi cellulosic ethanol plant. Focus back on research, development. 55 workers still on site. 18 gone ... US ethanol production hit record 972Kb/d week ending June 17 ... US Chamber of Commerce estimates new EPA CO2 rule to cost economy $50B/year ... Biggest polluters in order: China, USA, India, Russia, Japan. China over 25% of global emissions ... BSNF said it would consider legal action if Montana made oil-by-rail shipment details public. US oil-by-rail shipments 110K cars in 1Q14. Now, Chicago safety officials will know when, how much oil goes through city after new rules. 1/4 of US rail freight goes through Chicago ... Breeding of farm animals moving toward limiting farting (methane emissions) ... Luke AFB to lease 100 acres to Arizona Public Service for 10Mw solar plant. 4Q14 construction start, online summer '15. 30-year lease for $6M ... Los Alamos partnering with Toshiba to remotely, safely peer inside nuclear reactors ... Poll: Duke Energy, not customers, should pay for coal ash ponds clean up. 91%. 33 ponds. Cost estimate $10B. 82% would vote against political candidates who want customers to pay. 77% want all ash ponds cleaned up. 63% concerned low-income communities will be targeted for ash disposal ... Asian Development Bank bought 25% stake in Welspun Group clean power unit for $50M. Will allow Welspun to double solar, wind capacity to 600Mw by 1Q16. ADB spending target $2B/year for regional clean power ... US National Park Service banned drones from parks ... Biden announced initiative to boost Caribbean clean power ... Pennsylvania suing dozens of oil comps over leaks, water pollution ... 8minutenergy (Cal) target $1B solar projects by '16 ... Two companies to build 1Gw solar park in Telangama India ... Proterra (S Carolina electric bus maker) raised over $30M to meet rapidly growing demand ... Japan installed over 7Gw solar power last fiscal year ... First Wind signed PPA with Berkshire Hathaway unit for 320Mw Utah solar park ... Sun Edison (SUNE) to buy 50Mw of solar projects from Blue Wave. 12 projects ... Trina Solar to supply 60Mw of panels to Xinyi Solar ... Next Era Energy Partners IPO to raise $341M.
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