Monday, July 28, 2014
COMMERCE DEPT DUTIES ON CHINESE SOLAR 10-54% for dumping below market prices. Separate from June duties of 19-35% for unfair subsidies for China solar comps. Final rulings later this year ... Significant levels of bee-killing chem found in Midwest waters ... Sun Ed bought 156Mw solar project from Community Energy ... Hannon Armstrong (HASI) to finance Sunpower (SPWR) home solar projects ... Britain to make more land available for oil/gas drilling (fracking). 1st expansion since '08 ... Second hole in Siberia permafrost drawing fresh attention to warming Russia tundra ... US issued cessation orders against Tennessee coal mining comps ... US agencies continued to cut their GHG emissions in past year ... UK regulators getting support from industry, enviros on way to measure emissions from burning wood chips ... Tropical fish migrating north destroying temperate kelp forests ... Some flies may be poorly equipped for drier climates: study. (That may be good news?) ... DOI moving to open up more US Arctic offshore oil/gas leases ... Rosneft (facing sanctions) won't be joining Exxon in Arctic Alaska NG field development ... China State Grid Comp buying 35% stake in Italy grid for 2B Euros. (China buying Italy?) ... Australia OK'd largest coal mine ... German govt paying more utilities than ever - 20 - to help stabilize grid with increasing wind, solar power. Utilities pledging to cut, add power within seconds. $1.1B power balancing market. Can be paid up to 400x wholesale power prices ... White House indicating biofuel blend mandates to go up ... Venezuela $4B oil-for-loan deal with China. Venezuela inflation hit 62% in last year. $40B borrowed from China since '08. 100Kb/d more to be exported to China, 500K now. (China buying Venezuela?) ... US refineries' production highest level since '89. 16.8Mb/d last 2 weeks. Profit margins good ... Nigeria to probe 248 abandoned containers of power (grid?) equipment ... Sauds committing over $109B to clean/renewable power by '32. 20-23% of total power target ... First Solar (FSLR) to supply 100Mw for XSOL Japan projects ... Brazil's Pernambco held nation's 1st solar power auction last year. Now on hook to buy the power, unable to find other bidders. 96Mw @ $102.5/Mwh for 20 yrs. Solar power costs ~75% higher than wind ... GE to deliver 76Mw wind power equipment in India to 3 projects, 126Mw total for projects. Online mid-'15 ... Japan Asia Group to build 20Mw solar project in Japan. Construction start 1H15 ... NRG Yield planning $400M note sale to fund Alta Wind deal ... Hareon Solar to build $970M, 600Mw solar project. (Good luck with numbers?) ... Dutch consortium closed finance on 144Mw offshore wind farm.
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