Wednesday, June 4, 2014
US IMPOSED PRELIMINARY TARIFFS on China solar panels. 18-35%. To collect tariffs in advance of final decision expected later this year from Commerce Dept. (China protesting.) ... China-made solar panels have 2x CO2 footprint of Europe's: study ... US coal power gen over 2B Mwh in '07, NG powgen 857M Mwh '07. In '13, coal 1.58B, NG 1.2B. But NG starting to push out nuclear (clean power), keep investment from wind, solar ... NG flaring at US oil wells in '13 wasted enough to produce 27M Mwh, emitted 15.5M tons of carbon ... $1B earmarked for NYC seawall, other projects ... Calif preparing joint auctions of carbon permits with Quebec ... US approved FL test facility for ocean current power systems ... Canada "muzzling" meteorologists on climate change ... France to pay folks to bike to work. (How about walk? How about work at home? Well, they have that big bike race.) ... Red spruce recovery in New England from climate change ... World markets will look to Mid East for crude after '20: IEA. Predicting decline of N Am oil supply starting around then ... That IEA est. of $48T investment in energy needed by '35 more like $53T to further address global warming. They see 450 PPM CO2 will limit warming to 2*C, not the 350 PPM scientists think. (We're at 400 PPM now.) ... N Carolina comp bought 60M gal/yr ethanol plant for ~$15M. Built for $100M, idled after 9 months. New owner has biofuels from tobacco tech ... Study: US corn acres for ethanol to fall to 11% of crop by '26. (Now like what, 33%?) ... Australia to end Ethanol Production Grants Program next July. Tax will drop to zero, then rise 2.5 cents/liter each year for 5 years ... New India govt expected to give ethanol big push ... EnerVault (Cal) developing iron/chromium "flow battery". Among least expensive ways to store energy. Up to 20-yr life. Last year, Cal PUC directed utilities to invest in energy storage of over 1.3Gw capacity by '20. EnerVault is working with 1Mwh ... PSC of New Mexico to build 4 more 10Mw solar plants for $79M. (A good cost. Same as wind.) Will raise their total solar powgen to 107Mw ... Sun Edison (SUNE) to sell $500M debt vehicles. $350-400M to go for new solar projects, pay debt on solar farms held by subsid TerraForm Power ... Sunpower (SPWR) to build 19Mw solar plant at Nellis AFB for NV Energy, expanding on 14Mw plant built in '07 ... Open Hydro to install 2 tidal energy turbines offshore Brittany for EDF test. Also to install demo commercial-scale plant in Nova Scotia ... BT Group (UK) to buy all power from 22.5Mw Welsh wind farm in $167M deal over 15 yrs. Farm to start up mid-'15. Also buying 300M Pounds of Scot wind power over 20 yrs ... India court deferred First Solar (FSLR) dumping case to July 7 ... Japan comp broke ground on 51Mw solar project on former Japan golf course. Online mid-'16 ... 2 Mitsubishi comps to build 86Mw biomass plant in Japan. Up to $370M cost. Black liquor from making pulp for feedstock. Online in '17 ... Green bonds worldwide on track to surpass $40B this year. Over $16.6B issued so far. $14B issued in '13. (US corp bond market $1.4T.) ... ABO (Germany) targeting 200Mw wind power buildout this year ... E.ON CEO calling for end to clean/renewable subsidies in Europe ... Dorset County Council opposed 970Mw offshore wind farm in S England ... N Am Dev Bank, US-Mex Border Enviro Coop Commission to inject $490M into wind, solar projects ... Wisc Power & Light issued RFP for 600Mw clean power ... Mexico preparing to award up to 180 clean/ren projects this year. Mostly solar, wind ... Brazil registered 17Gw wind, 6Gw solar for Sept 12 auction ... Gates/Clooney in '16. Onward and upward, pards.
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