Solar & Wind
Cypress Creek 20 MW Ayrshire Solar PPA with Duke Energy Carolinas.
PSEG 11 MW SL Babylon Solar PPA with LIPA.
Average price of utility-scale solar PV 6¢/kWh.
Solar PV panel efficiency 30%.
Google Project Sunroof search engine for residential solar lead generation.
VEPPI awarded solar PV project PPA 8.99 c/kWh. 2.2 MW Battle Creek solar PV on 40 acres @ 11.89 c/kWh.
Glasspoint 850 MW CSP + 26 PV project located in CA. World's largest CSP project. CSP used in EOR. Solar PV for project ops. Replaces natural gas-fired power.
NC HB 589 limits 3rd-party solar PV sales but allows 3rd-party leasing.
EverPower sells to Blackrock operating wind power projects, EU utility development projects.
GA RFP solar PV projects representing 510 MW 30-year contracts @ $36/MWh. Beat wind and other forms of generation. GA expects 525 MW auction in 2019.
C&I will add 5,000 MW of onsite power by 2026. 40% onsite generation systems include gas-fired power.
P&G, CEG Albany Green Energy 58 MW biomass power project. Steam sold to P&G.
US added 238 MW biomass capacity YTD 2017. 58 MW in September 2017.
Granite Shore Power JV of Atlas (ex Pegasus) and CCIS (ex Louis Dreyfus) acquire Eversource thermal assets located in NH.
Ares EIF solar 1.2 GW thermal power portfolio sold to Starwood. 2 projects in NJ, 1 in WV and 1 in AK.
Biomass 2% US power generation. Of that 2%, 20% from MSW and 16% from landfill gas.
Energy storage market expected to be $103 BN by 2030. 25% in the US.
MA 200 MWh of energy storage by 2020.
Renewables + Storage compete with gas-fired peakers at scale by 2025. Currently met by installing gas-fired GE LM6000 and LM100.
Oil & Gas
Total sells Norwegian fields to Statoil for $1.45 BN. Follows BP, XOM and Hess out of Norway.
Retirement of O&G and nuclear in the EU expected to be 12% O&G investment. Increased 40% in the UK to $1.4 BN.
CVS potential $68 BN bid for Aetna. Carlyle sells 25% TCW to Nippon Life Insurance. Carlyle IPO of Regalwood Global Energy SPAC (RWGE.U) raises $300 MM to acquire energy companies. GFL North American waste management company plans $1 BN IPO. EagleTree and Stars buy minority interest in WaterFleet provider of wastewater treatment. ArcLight buys gas production and midstream assets of Energy Corporation of America gas exploration company. Organic waste to fertilizer located in NYC. Ferments waste for 10 days that is dewatered, pelletized and sold as fertilizer. Tipping fees $70-80/ton. NYC tipping fee $110-120/ton. MSW to fertilizer. MRF equity from Ultra Capital and Covanta. Debt from FAME closed in October. Tipping fees $84-89/ton. 145,000 sq ft building.