Solar and wind strong annual capacity growth and record-low long-term contract prices.
74MW $100MM solar PV development in SC. Adger industry veterans have developed 750MW in SC. Executives ex Suzlon, NextEra, ARE, Deepwater Wind.
NC HB 589 amends PURPA, Duke supports, unlikely to get Senate approval. 2.66GW RFP for solar PV within 3.75 years.
CHP performance over 90%. Absorption chillers recover from 15-25% more waste energy, and improve the overall fuel system efficiencies to over 90%.
Oil & Gas
Conglomerates sell energy business. Cargill sells to Macquarie power and gas business as well as global petrochemical business. Deal with Riverstone failed.
US expects to increase rates 50bps by 2020. Amazon acquires Whole Foods for $13.7BN. McKinsey research finds 2002-10 conglomerate annual return to shareholders was 7.5% vs. 11.8% for more focused companies. Nestle seeking buyer for $3BN US confection business. Dow and DuPont US approval to merge. PE benefits from 5-year statute of limitations. Fed agrees to raise rates. China investment in US companies through investment funds, use JV, early investment. Background on Tesla’s acquisition of SolarCity. Wastewater to energy. No CCGT additions in New England. 7.5GW coal retirements in most markets, PJM bulk of new CCGT 7.4GW. TX regulators rejected NEE's $18.7BN bid to acquire Oncor, for the 2nd time. ECA finance for FL based wood products company. $60MM 8.5-year term loan with SEB guaranteed 70% by GIEK. Japan will require importers of wood pellets to register chain of custody. USDA provides background on Japan’s Clean Wood Act. Business case for microwave pyrolysis and gasification technology. Creates energy from plastic waste and biomass. Solar developers become storage developers. AES solar + storage 4.5c/kWh PPA, FPL 50MW solar + storage, NextEra 100MW solar + 30MW storage/120 MWh, Cypress Creek 50MW storage and others including NRG and sPower.