Thursday, June 9, 2016

SOLAR TO REACH $1/WATT BY '20: GTM RESEARCH


US clean/renewable energy usage to grow 13% this year.

New US solar installs 64% of new elgen capacity in 1Q.

Global clean energy industry employs 8.1M folks.

Wind power provided 49% of elgen in S Australia last month. Australia wind power hit record gen in May.

UK generated more power from solar than coal in May for 1st-time ever.

Norway boosting its climate target. But shot down report of ban on gas/diesel car sales.

Comps failing to account for climate change at risk of decline, bankruptcy: Grantham/ESRC report.

DOE $40M grant for Lake Erie wind power project offshore Cleveland. $70M to be raised by developer.

DONG Energy IPO for 17.4% of shares raised $2.6B. Values comp at $15B. Denmark owns over 50%.

Juwi turned on 10.6Mw solar power plant at Australia gold/copper mine. 6Mw batt storage system. 19Mw diesel backup. $15.7M grant from Australia.

Clean Energy Collective in Mass. to add 21Mw more community solar power.

Eni 74Mw solar tender in Italy.

Landsvirkjun Energy 125M Euro EIB loan for 90Mw geothermal power.

Renovate America raised $305M more.

Hyundai to include EVs in new luxury brand.

Andorra 9K Euro subsidy for el cars, 11K for el pickups.

LA police fleet getting 100 BMW EVs.

Tesla co-founder to electrify Mack trucks.

Tesla sticking with Panasonic for batts.

Samsung dropping fuel cells to focus on batts for cars.

Solar-powered boat crossing Atlantic.

Global primary energy consumption up 1% in '15: BP. Rise in CO2 emissions from energy slowed.

USGS found huge natgas reserves in Colorado Mancos Shale.

Repsol leaving Alaska Chukchi Sea leases.

Marathon Oil $330M of upgrades to cut emissions.

EIA estimated US crude production up 10Kb/d last week. Production down 150K in May. Projecting increase in global oil supply.

Nigeria militants blew up another Chevron oil well Wednesday. 2nd militant group started up.

Ethiopia set up state-owned comp to develop biofuels, fossil fuels, mining.

New wildfire forced 2 more Alberta oil sands operators to evac. Conoco, meanwhile, restarted 1 oil sands site after fire.

US RFS linked to increased soil erosion, chemical use: study.

Sierra Club endorsing Clinton.

4 new elements added to periodic table.

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