Tuesday, March 31, 2015

MHI/VESTAS SET TO OFFER 8MW OFFSHORE WIND TURBINE. Leapfrogging Siemens' 7Mw turb. Avg offshore turbs 3.7Mw in '14 .... Vestas supplying 53Mw Finland wind project. 3.3Mw turbs. 1Q16 deliveries. Online 3Q16. Also Vestas 50Mw China order .... Solar Power (SOPW) paying $25M in stock for 80% of Solar Juice - Australia wholesale solar distributor. Australia '15 solar installs may reach over 900Mw this year .... Enel got $170M loan from KfW IPEX for 111Mw S Africa wind project. 3Mw turbs. Enel also started training S Africans to sell, install small solar projects .... GE unit to invest in 96Mw solar plant in Japan. Online in '18. $291M of bank loans. Trina panels .... Marubeni to expand industrial solar sales to residential mart. Hanwha (HQCL), JA Solar (JASO) panels. Zep Solar mounting systems .... Brazil approved ~1/3 higher auction rate - $65/Mwh - for small hydropower (50Mw or less). Auction next month. BNDES to finance no more than 50% of small hydro. Used to finance 70% .... NEXTracker got 16Mw solar project in Mexico .... Conergy entering Turkey solar mart .... Ft Collins CO utility biz model profitably embraces power efficiency, solar. City wants to be carbon neutral by '50, 80% GHG emissions reduction by '30. "Integrated Utility Services." Also broke ground on 632Kw solar project .... US using less gasoline than in '05 .... Going speed limit, trucks often go faster than tires can handle .... Drought blamed for foul smell, bad taste of San Fran tap water. Lawsuit over stable aquifer.

TUESDAY CLOSE .... Market down 200/46/18. Volume slightly heavy. WTI under $48, Brent over $55. US natgas up to $2.66. Iran nuke talks extended to June 30. (What, giving them more time to build a bomb?) New Nigeria president .... (stock #s in %) PTOS up 90 with volume. WWPW up 32. JUHL up 22. AETI up 10. SOPW up 8. ENOC up 2 with news .... AXPW down 28 with volume. May be bottom unless they go bankrupt or end up charlatans. PSPW down 22 with volume. AWSL down 17. AMLM down 16. RNWEF down 13. CCTC down 12. CLNT, EVSI down 11 with volume after reporting. LYSDY down 11. HIIT down 10.

US PLEDGED 26-28% GHG EMISSIONS CUT BY '25 FROM '05 LEVELS. (Republicans to try to block anyway they can. Don't you just love that?) China, India, many others to miss today's informal deadline to submit pledges. US has already cut more carbon emissions than any other country .... Russia pledged at least 1/4 GHG emissions cut from '90 levels by '30 .... Global clean/renewable power investment up 17% in '14 to near record: UN .... 100Gw new clean/renewable power built in '14 .... Automakers surpassed US light-duty GHG emission standards by wide margin 2nd year in row. 1.4MPG better than standards in '13, fleet record avg 24.1MPG, .5 over '12. 30MPG Vs up 3x v. '08. SUV fuel econ increasing fastest of any type .... Wettest March in century in India .... Deadly Chile rains linked to global warming climate change: WMO official .... France mandating "green" roofs for all new bldgs in commercial areas. At least 50% cover with solar or plants .... Blue crabs migrating to north of Cape Cod with warmer ocean .... Bighorn sheep returning to Cal natl parks .... USDA $332M to protect environmentally sensitive lands .... China moving to prevent new solar production capacity .... Terra Form (TERP) bought 168Mw of solar plants from Sun Edison (SUNE) in 1Q15 for ~$110M .... Canadian Solar (CSIQ) completed buy of Recurrent from Sharp .... Space X to buy $90M of Solar City (SCTY) bonds .... $38M of grants to fund "down payment" to communities hit by coal downturn .... HECO approved backlog of rooftop solar on Maui, Big I. 331 on Maui, 336 on Big I. Also 90% of 2,479 aps pending on Oahu to be cleared by May .... EnerNOC (ENOC), Sunpower (SPWR) strategic agreement to allow SPWR customers to verify impact of solar investment, drive optimum power savings .... Yingli started on 50Mw solar plant in China. Online 4Q .... Thailand wants to be EV manufacturing hub.

TUESDAY OPEN .... Market down 67/16/6. Volume light. WTI over $48, Brent over $55 .... (stock #s in %) DPSM up 29. PSON up 14 .... AXPW down 28 with volume. AWSL down 14. CCTC down 12. LYSDY down 11. ENZR down 10. CABN down 8.

Monday, March 30, 2015

MONDAY CLOSE .... Market up 263/56/25. Volume a little light. WTI over $48, Brent over $56. US natgas up to $2.65. Russia left Iran nuke talks. Yemen ports under blockade. Small tsunami in Papua New Guinea after major quake. Supreme Court rejected Obamacare "death panels" challenge .... (stock #s in %) BLQN up 95. AXPW up 58 with volume on rebound. WSGP up 42. LEXG up 41. PSPW up 18 with volume. AMLM up 16 with volume. ENZR up 12. GPRC up 10. SLTD up 10 with volume .... ASPW down 21 with volume. ZNNMF down 17. GEVO down 15 after reporting. XSNX down 13 with volume. PSON down 12. NFEC down 11. SSOL, CCGI down 10. CSIQ down 4.

$1B CREDIT LINE FOR INDIA CLEAN POWER .... Pakistan guarantees for $600M wind power development .... Paris briefly had world's dirtiest air last week. Rationed driving .... More rain with fewer storms in tropics .... UK cut red tape for commercial rooftop solar. Installs up to 1Mw don't require full planning permission. Was up to 50Kw. (But new April 1 FIT regime.) .... Japan whaling ships returned from Antarctic with no catch. 1st time in near 30 yrs .... Bill to open up Georgia residential rooftop solar mart on gov's desk .... Clean Power Plan could tank Wyoming coal industry: report .... China shale project shelved .... More fossil fuel comps filing bankruptcy .... SPI Solar (SOPW) to buy 12.3Mw of projects in Italy, Cal .... US crude inventories up 8.2M bls last week, more than expected .... Wellhead prices for US natgas under $1.50. Limited transmission, local demand saturation. Rig count down ~1/2 of oil rig decline since oil price drop start .... Yemen was producing 130Kb/d before troubles .... Syria rebs captured city between Damascus, Aleppo .... Kurds got 2nd payment ($408M) from Baghdad. Talk of 3-way Iraq partition on rise. (Seems most logical answer.) .... Italy deployed naval forces along Libya coast. UN resolutions for ceasefire, partial lift of arms embargo so 2 sides fighting each other for Libya can fight ISIS .... Statoil started NG pipe project across Norwegian Sea in Arctic .... Kuwait won't make goal of 25% more oil production by '20. Political opposition to foreign oil comps .... New Brunswick Canada lawmakers voted for 1-yr fracking ban to study .... US oil rig count down 12 last week to 813. NG rigs down 9 to 233. US offshore operating rigs down 3 to 34, down 16 yoy .... Schlumberger agreed to $232M US penalty for conspiring to violate sanctions for Iran, Sudan '04-'10. Also agreed to halt activity in those countries 3 yrs .... Over $10B worth of new drillships idled at sea. Cost up to $200K/d/ship to maintain .... Shell moving 2 drillships to Alaska for Arctic push .... Coal share of US power mix 36.8% in Jan, down from 40.7% in Dec. Down from 46.5% Jan '14. NG 28% this Jan .... Eni, Exxon started production at new Gulf of Mex deepwater NG field .... Petro China no longer wants stake in Canada oil sands .... Bluefield bought 50Mw solar farm in England for $84M. (Bargain basement sales before April 1 FIT change.) .... Canadian Solar (CSIQ) sold C$68M solar plant to DIF .... M+W Group to build 111M Pound waste-to-power project in Scotland .... Brazil close to launching floating solar farm .... Amarenco borrowing up to 150M Euros for Irish solar portfolio .... Ecoppia (Israel) robot tech cleans solar panels without water .... Race on to save N west US grizzle bears .... Obama admin making "down payments" to hard-hit coal mine towns .... SC cities trying to block offshore oil drilling leases .... Revised EPA haze proposal allows AZ coal plant's emissions to rise .... Brown signed Cal drought relief bill. Over $1B.

MONDAY OPEN .... Market up 262/36/19. Volume a little light. WTI over $48, Brent over $55. Denmark applied to join Asia "world bank". Arab leaders forming joint military force .... (stock #s in %) XDSL up 20 with news. LEXG up 16. AXPW up 14 in rebound. PSON up 11. SLTD up 10 with volume. GPRC up 9. BYDDF up 5. WNDW up 4. SEDG up 1, new high .... CCTC down 22. XSNX down 13. SSOL down 12. NFEC down 11. CCGI down 10. CABN down 6 after reporting. ERII down 2, new low.