Friday, August 31, 2012

Fitch Affirms New York Power Authority's Commercial Paper Notes at 'F1+' | Electric Power News | Energy Central

World's first commercial demonstration algae-to-energy facility operational

Enron clones still alive? California accuses company of taking excess electricity profits | Electric Power News | Energy Central

And guess who has resumed the gamer legacy? Couldn’t be an investment bank, could it?

 

http://www.energycentral.com/news/en/25780981/

Renewable Energy Sees Explosive Growth During Obama Administration | Renewable Energy News Article

Despite “Explosive growth”, coming from nothing in 2007, solar still produces less than 1 tenth of 1 percent of US generation. A truly massive market.

 

http://www.renewableenergyworld.com/rea/news/article/2012/08/renewable-energy-sees-explosive-growth-during-obama-administration?cmpid=WNL-Friday-August31-2012

Worries about region's reliance on natural gas surface | Electric Power News | Energy Central

see installation timeline, including substation

Gehrlicher connects 35 MW solar park to the German grid

31.08.2012: German project developer Gehrlicher Solar AG has energized a 35 MW solar park on the grounds of the former Perleberg military airfield in Brandenburg, in eastern Germany. Due to the solar park’s high capacity, the company also built a separate expandable 110 kV transformer station, which served to connect the solar park to the grid on August 23. Construction of the solar park took just two and a half months to complete. Gehrlicher did not disclose how much it invested in the project. … Source: Gehrlicher Solar AG; Summary: PHOTON

http://www.gehrlicher.com

http://www.gehrlicher.com/fileadmin/content/pdfs/en/pressemitteilungen
/PR-2012-08-30-Gehrlicher-Solar-connects-35-MWp-Solarpark-Perleberg-to
-the-grid.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

First Solar halts work on Agua Caliente solar project

Warren Buffet (MAH):  largest US project, producing bucks ahead of time.

 

First Solar halts work on Agua Caliente solar project

31.08.2012: Bloomberg reports that US thin-film module manufacturer First Solar Inc. has stopped installing solar modules at the 290 MW (AC) Agua Caliente power plant in Yuma County, Arizona because the project is ahead of schedule. The article reports that First Solar will not install any more modules at the site until next year in order to meet contractual milestones. In July, the California Independent System Operator confirmed that the first 220 MW (AC) of the project were on line, making the still incomplete project the world’s largest solar power plant in operation. The power plant relies on cadmium-telluride (CdTe) thin-film panels from First Solar. In DC terms, the 220 MW (AC) now energized is equal to approximately 264 to 308 MW, based on First Solar’s stated AC-DC conversion ratio of 1.2 to 1.4 for its projects. The $1.8 billion project, which is backed by a $967 million loan guarantee from the US Department of Energy, is jointly owned by NRG Energy Inc. (51%) and MidAmerican Energy Holdings Co. (49%). Originally, Agua Caliente was not expected to come on line until 2014, as determined by a power purchase agreement with Pacific Gas & Electric Co. (PG&E). However, the project is now expected to be completed by the end of 2013. … Source: Bloomberg; Summary: PHOTON

http://www.bloomberg.com

http://www.bloomberg.com/news/2012-08-30/first-solar-stops-installatio
n-at-agua-caliente-project.html

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

Thursday, August 30, 2012

FW: New York Passes Solar Tax Relief; California Advances Community Solar

 

 

 

 

 

New York Passes Solar Tax Relief; California Advances Community Solar

The federal government may be dragging its feet when it comes to renewing or extending valuable US tax incentives for renewable energy projects, but states continue to adopt innovative policies.

The latest examples comes from New York, where the governor has signed a series of solar tax exemptions, and California, which is preparing to debate legislation that would help support development of community solar projects.

New York State Adopts Solar Tax Exemptions

In New York, Governor Andrew Cuomo has approved a series of measures that will ease the tax burden for individuals and businesses investing in solar energy.

  • Bill A 34-B, which provides tax credits for homeowners who invest in solar energy through a lease or power purchase agreement that is at least 10 years long. The credit is available up to 14 years, up to a maximum of $5,000. The law takes effect immediately.
  • Bill A 10620, which takes effect January 1, 2013, and extends the property tax abatement that is available for solar-generating systems in cities of one million or more people through 2013 and 2014.
  • Bill A 5522-B, which exempts the sale and installation of commercial solar energy systems from state sales taxes and allows municipalities to grant systems a tax exemption as well. The law takes effect January 1, 2013.

"The bills signed today continue to build momentum for the state's NY-Sun Initiative by accelerating the installation of solar power while making it a more affordable option for residents and businesses," says Governor Cuomo. "Together with other NY-Sun incentives, these bills demonstrate the state's commitment to reducing energy costs, growing our green energy sector, creating jobs, and protecting the environment."

Current terms of the NY-Sun program calls for the installation in 2012 of twice the customer-sited solar electricity capacity that was added during 2011, and quadruple that amount in 2013.

The New York tax policies, which received bipartisan support, will help New York continue to drive toward its renewable energy goals, says the Solar Energy Industries Association (SEIA).

"By making it more affordable for businesses and homeowners to install solar systems, these laws are vital to helping New York realize its goal of 45 percent renewable-powered electricity by 2015," says Carrie Cullen Hitt, vice president for State Affairs at SEIA. "We look forward to continuing to work with state leaders so that New York can meet its total solar market potential in the near future."

There are already about 7,500 solar PV installations In New York, capable of producing about 121 megawatts (MW) of clean energy (enough for 20,000 homes).

The state already has a number of innovative policies in place, including a feed-in tariff (FiT) offered through the Long Island Power Authority; solar grant programs through the New York State Energy Research and Development Authority (NYSERDA); and a net metering program that lets customers sell excess clean energy generated back to local utilities.

California Community Solar Bill Advances

While it has plenty of way to go before coming law, we also hear that the California Senate's fiscal committee has approved the Wolk Community Shared Solar Bill (SB 843).

The legislation introduced by Senator Lois Wolk (D-Davis) aims to support development of community renewable energy systems. It will work by allowing customers of the state's major utilities -- PG&E, SCE and SDG&E – to receive credit on their power bills for their portion clean power generated in a given project, much as if those systems were located on site.

The fiscal approval clears the way for the bill to move on to a hearing by the entire state assembly.

"This legislation provides access to clean, renewable energy to the three out of four energy customers in California who are currently unable to generate their own on-site power from solar, wind, and other renewable energy sources," says Wolk. "It gives Californians the opportunity to save on their energy bill, and encourages more investment and creates local jobs in an important sector of our state's economy, all without spending any state funds."

An analysis released earlier this year by Vote Solar estimates that the bill would create 12,000 local jobs, and $7.5 billion in economic activity by expanding access to the state's renewable energy market. It is expected to encourage development of 2 gigawatts (GW) of new capacity in California, without requiring public funding.

Bib German investor heading to the Americas

German utility E.ON eyes US market

30.08.2012: Germany’s largest utility E.ON AG plans to begin developing large-scale solar projects in the US, a spokesman for the company told PHOTON. E.ON aims to install 120 MW of solar capacity annually in the US from 2015 onward, with work on the first projects beginning later this year. Up until now, solar has played a minor role in E.ON’s strategy: As of September 2011, the company’s photovoltaic portfolio stood at about 56 MW. Source: PHOTON

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

Wednesday, August 29, 2012

FW: Canadian Solar Nabs $93.8 Million from China to Fund Transition

It's an official first. Rather than simply acquiring one, the panel manufacturer actually transforms into a being a developer. And SkyPower pockets $186M for their pipeline.

 

Who could say that our business model didn't position us at the maximum point of value now?

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

Canadian Solar Nabs $93.8 Million from China to Fund Transition

Canadian Solar Inc. (NASDAQ: CSIQ) is getting a $93.8 million cash infusion from China to help fund its transformation into a solar project developer.

The world's third biggest solar panel manufacturer will use a five-year loan from China Development Bank to help finance its $186.6 million acquisition of a majority interest in 16 solar projects owned by Ontario developer SkyPower Ltd.

Those projects have an estimated generating capacity of 190-200 megawatts (MW), and are covered 20-year power purchase agreements under Ontario's feed-in tariff program.

"Our new credit agreement underscores Canadian Solar's bankability and strong competitive position. We are pleased to have the support of one of the world's largest banks as we continue to execute on our business and advance our goal to generate 40% of our revenue from total solutions, which include solar power generation project development, facilitation of financing arrangements, EPC services and total hardware kit sales," says Shawn Qu, chairman and CEO of Canadian Solar.

Canadian Solar is one of several solar panel-makers that are diversifying into project development and management, in an effort to avoid what's become a cut-throat, low-margin panel business. CSIQ is based in Ontario, Canada and manufactures in China.

A similar strategy has been used to great effect by First Solar, which provided a rare financial bright spot among solar panel manufacturers with its second quarter earnings report in July.

Although the loan from China Development Bank is its first, Canadian Solar's balance sheet includes $88 million in long-term debt from Agricultural Bank of China Ltd., Bank of Communications CO. and Export-Import Bank of China. China Development Bank has put up $47.3 billion since 2010 to the country's wind and solar manufacturers.

Canadian Solar estimates that projects will make up about 25% of its total revenue in 2012, up from 10% in 2011. The company owns 122 MW of utility-scale solar plants in the US, and has about 340 MW under construction in Canada.

 

Canadian Solar to build two solar parks in Ontario for Penn Energy Renewables

Canadian Solar to build two solar parks in Ontario for Penn Energy Renewables

29.08.2012: Chinese-Canadian photovoltaic module manufacturer Canadian Solar Inc. has agreed to build two solar parks totaling 18.7 MW (AC) in Ontario, Canada for solar project developer Penn Energy Renewables Ltd. Canadian Solar will provide turnkey engineering, procurement and construction (EPC) services as well as ongoing operations and maintenance services for the two solar parks. Construction of the projects will begin in the third quarter of 2012, with commissioning scheduled for summer 2013. … Source: Canadian Solar Inc.; Summary: PHOTON

http://www.canadiansolar.com

http://phx.corporate-ir.net/phoenix.zhtml?c=196781&p=irol-newsArticle_
print&ID=1729059&highlight=

The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/69162.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

Friday, August 24, 2012

Our US future under a Romney energy plan

Romney's energy plan calls for more drilling, less investment in Renewables

24.08.2012: In his newly released energy policy white paper, US presidential candidate Mitt Romney lays out how he would make North America energy independent by 2020. Romney’s plan relies almost entirely on dramatically increasing oil and gas production in the US, Canada and Mexico, but it also calls for reducing regulatory and permitting barriers that slow down the development of all types of energy projects. One way Romney would speed up energy development would be to give states control over development on federal lands within their borders. The white paper generally mentions solar and other Renewables only to say that alternative energy technologies should not be singled out for preferential treatment and that the government should not provide loans or subsidies to companies developing unproven technologies. Romney argues that the federal government does have a role to play in facilitating innovation in the energy industry, but he believes this has more to do with eliminating barriers than actively providing support. Romney unveiled his energy plan yesterday during a campaign stop in New Mexico. … Source: Romney for President; Summary: PHOTON

http://www.mittromney.com/blogs/mitts-view/2012/08/mitt-romney-sets-go
al-north-american-energy-independence-2020

http://www.scribd.com/doc/103646979/Energy-Policy-White-Paper-8-23?sec
ret_password=10rki016qc2ergap31c0

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

Thursday, August 23, 2012

Global installed PV capacity grew by 13 GW in first half of 2012, 18 GW expected in second half

Global installed PV capacity grew by 13 GW in first half of 2012, 18 GW expected in second half

23.08.2012: More than 13 GW of new photovoltaic (PV) capacity was added globally in the first six months of 2012, according to the latest quarterly report from IMS Research. The Americas market saw significant growth in the period, growing 120% year on year to reach 1.7 GW of new capacity. “The Americas market, led by the USA was unseasonably strong in the first half and did not show any significant slowdown resulting from the anti-dumping duties,” said IMS Research PV Director Ash Sharma. The report found that Germany was still the world’s largest PV market; however, IMS Research forecasts that the European market as a whole will shrink by nearly 3 GW in 2012 due to fewer opportunities in Germany and Italy. IMS Research predicts that 18 GW of PV will be added globally in the second half of 2012, driven by demand in China, Japan and the US. The US is expected to become the third largest PV market in 2012, with at least 3.5 GW of new PV capacity added. The US added about 1.8 GW of PV last year. … Source: IMS Research; Summary: PHOTON

http://www.imsresearch.com

http://imsresearch.com/press-release/Americas_PV_Market_Grew_120_in_Fi
rst_Half_of_2012_USA_to_Become_3rd_Largest_Market_in_2012

The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/68991.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

Monday, August 20, 2012

FW: 9 NEW PROJECTS LISTED - FINALIZE YOUR REGISTRATION

See online project exchange below

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

From: Sell My Solar Project [mailto:info@sellmysolarproject.ca]
Sent: Monday, August 20, 2012 12:21 PM
To: mbannerman@arcstarenergy.com
Subject: 9 NEW PROJECTS LISTED - FINALIZE YOUR REGISTRATION

 

Having trouble viewing this email? http://www.sellmysolarproject.ca/index.php?option=

 

solarsell

 

9 NEW PROJECTS HAVE BEEN POSTED
Our Clients are Selling Projects and Require Supply Bids 


After an extremely successful Summer Launch, our site has made some minor changes to suit the requirements and demands of our clients.

Projects will now be posted in "White Page" format. Some projects may still be posted in an auction room once a series of Qualified Buyers have been secured and approved for the potential auction.

Our Current clients have asked that the bids be kept private - and due to overwhelming popularity, we will now be qualifying buyers, accepting letters of Intent (LOI) and passing the information on to the potential seller of projects. This process will allow us to ensure proper prices are posted and that the transaction will be completed once the proper due diligence has been completed by the potential buyer.

Click the following Link to complete your registration

http://is.gd/b9UIT3

You will be required to finalize your registration with our administration department. Registration Fee's are refunded upon the completion of your first transaction.

Thank You To All our new members. 


  

August 20th - 2012

 

AUGUST 20TH UPDATE  -

300kW -Rooftop FIT 1.0 - For Sale

30mW - Rooftop Portfolio - For Sale
300kW -Rooftop- Requires Supply
150kW -microFIT's - Require Supply
240kW - FIT 1 Rooftop - For Sale
230mW - PPA - USA Based- For Sale
1.3mW - FIT 1.0 Rooftop For Sale
1082 Acre Class 6 Land - For Lease
10mW - FIT 2.0 - FOR SALE


Follow us on Twitter

Like us on Facebook

 

 

 

Sell My Solar Project | Your Solar Broker Inc | Burlington | Ontario | L7S 2K9 | Canada

EPA handbook on developing Renewables on contaminated lands

Brownfield development is going to ramp like crazy and our early involvement needs to be leveraged or others will overtake us. This handbook for Renewables development on contaminated lands was just released by the EPA.

 

http://www.epa.gov/oswercpa/docs/handbook_siting_repowering_projects.pdf

Rockefeller's Passionate Plea to Coal Constituents | EnergyBiz

Reality finally sets in and the Senior Senator of Coal states the obvious to his fossil-heads and climate-deniers in a surprisingly honest way.

 

http://www.energybiz.com/article/12/08/rockefellers-passionate-plea-coal-constituents&utm_medium=eNL&utm_campaign=EB_DAILY2&utm_term=Original-Magazine

PHOTON price index shows sharp drop in module prices

PHOTON price index shows sharp drop in module prices

18.08.2012: Solar module prices dropped considerably last week, with prices falling below 60 euro cents per watt for the first time. According to PHOTON’s module price index, the average price of multicrystalline modules on the German spot market fell more than 12% to 58 euro cents (71¢) per watt. The average price of modules produced in Asia also fell to 58 euro cents per watt, after dropping 6.5%. Multicrystalline module prices have fallen more than 46% in the last year, while Asian module prices have fallen nearly 44%. Meanwhile, monocrystalline module prices were down 11% from the previous week at 66 euro cents (81¢) per watt. The entire module price index, as well as indexes for other regions, cell technologies and inverters, is published on a regular basis in PHOTON International. The Monday edition of the PHOTON newsletter includes only an excerpt from the various price indexes. Source: PHOTON

http://www.photon.info

The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/68832.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

The Bahamas considers support programs for renewable energy

The Bahamas considers support programs for renewable energy

18.08.2012: According to local news source Tribune 242, the Bahamas’ Ministry of Environment is considering proposals for renewable energy power plants to be built across the island nation. Speaking at a cabinet meeting, Minister of Environment Kenred Dorsett said his ministry is considering several proposals from local and foreign companies interested in developing solar, biomass, wind and ocean thermal power plants in the Bahamas, a country which relies heavily on imported fossil fuels. The ministry is also considering a number of measures and incentives that would encourage the development of renewable energy. This includes the introduction of a renewable energy act, the details of which have not been released, and the creation of both an electricity regulator and a sustainable energy unit within the Ministry of Environment. Dorsett also wants to make it easier for consumers to deploy self-generation and grid-connected distributed energy systems. … Source: Tribune 242; Summary: PHOTON

http://www.tribune242.com

http://www.tribune242.com/news/2012/aug/16/headhere/

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

New York governor signs news laws to support solar

New York governor signs news laws to support solar

18.08.2012: New York Governor Andrew Cuomo has signed into law three bills that aim to make solar energy more affordable for New York homeowners and businesses as well as create new jobs in the state’s solar energy sector. The new laws include statewide tax credits for the lease of solar equipment and power purchase agreements (A 34-B/S 149-B), statewide sales tax exemptions for commercial solar equipment (A 5522-B/S 3203-B) and an extension of the real property tax abatement in New York City for solar installations (A 10620/S 7711). The bills are all linked to the Governor’s NY-Sun Initiative, a two-year old program that supports the development of photovoltaic (PV) systems in New York through incentives and cash grants. Earlier this month, Cuomo announced that the NY-Sun Initiative would distribute $107 million over the next two years to support the deployment of PV systems greater than 50 kW in size. That announcement came just a day after Cuomo revealed that the initiative had awarded a total of $30 million to 16 solar project developers to help them finance 34 MW of PV projects. The 16 projects, due to come online in 2013, will require co-funding, with state funding capped at $3 million per project. Also this month, Cuomo announced an expansion of the NY-Sun Initiative’s PV program for systems less than 50 kW in size. Monthly funding under the program has increased from $2 million to $3.5 million for the remainder of 2012 and will continue at $3.1 million per month in 2013. New York aims to get 45% of its electricity from renewable energy sources by 2015. … Source: Governor Andrew Cuomo; Summary: PHOTON

http://www.nyserda.ny.gov/en/About/Newsroom/2012-Announcements/2012-08
-17-Governor-Cuomo-Signs-Legislation-to-Make-Solar-Power-More-Affordab
le.aspx

http://www.governor.ny.gov/press/08172012-affordable-solar-power

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

Thursday, August 16, 2012

FW: Ontario Launches Municipal Infrastructure Strategy & Funding

More grist for Bob’s grant mill.

 

 

 

From: Ontario News [mailto:newsroom@ontario.ca]
Sent: Thursday, August 16, 2012 1:56 PM
To: mbannerman@arcstarenergy.com
Subject: Ontario Launches Municipal Infrastructure Strategy

 

Ontario Launches Municipal Infrastructure Strategy

August 16, 2012

McGuinty Government Strengthening Local Economies

Ontario is helping small, rural and Northern municipalities strategically plan to maintain and build critical infrastructure required by families and businesses to build strong local economies.

The new Municipal Infrastructure Strategy will require municipalities that request provincial infrastructure funding to show how projects fit within a comprehensive asset management plan. Asset management plans help municipalities make smart planning decisions about building, operating, maintaining, renewing and replacing infrastructure over the long-term.

Through the strategy, Ontario is providing $60 million over the next three years to municipalities. Up to $9 million will be used to help municipalities prepare their plans, while the remaining funds will be used to address critical projects identified in those finalized plans.

Investing in infrastructure is part of the McGuinty government's plan to create jobs for Ontarians and strengthen the economy. A strong economy protects the services that mean the most to families - health care and education.

QUOTES

"Our government has made unprecedented investments in infrastructure across the province. We will continue to partner with all municipalities to invest in local infrastructure to support economic growth and enhance quality of life."

 – Bob Chiarelli
Minister of Infrastructure, Minister of Transportation

"With this investment, the province is ensuring that small, rural and northern municipalities have the means to implement robust infrastructure asset management practices, which are crucial to meeting the expectations of residents and business."

 – Alan Korell
President of the Ontario Good Roads Association

"The federal, provincial and municipal governments need to work together to fund the infrastructure that makes Ontario communities prosperous. The Province's decision to provide funding to small municipalities to prepare asset management plans confirms a commitment to approaching infrastructure needs in partnership, and to investing wisely."

 – Gary McNamara
of the Association of Municipalities of Ontario

QUICK FACTS

  • Eligible communities can apply for funding to help them prepare asset management plans. The deadline to apply is Oct. 22, 2012.
  • An online guide and toolkit are available to help municipalities prepare their asset management plans.
  • Since 2003, the McGuinty government has invested $13 billion to help municipalities modernize and expand transit, repair and upgrade roads and bridges, improve water and wastewater treatment, and revitalize community infrastructure.
  • The 2012 Budget preserves the high level of infrastructure investment that was committed to in Building Together - more than $35 billion over the next three years.

LEARN MORE

CONTACTS

  • David Salter
    Minister’s Office
    416-327-1815

  • Kirby Dier
    Communications Branch
    416-326-4542




Ministry of Infrastructure
ontario.ca/infrastructure

 

PV module price declines continue: pv-magazine

FW: Made-in-Ontario Clean Wind Power Creating Jobs

 

 

From: Ontario News [mailto:newsroom@ontario.ca]
Sent: Thursday, August 16, 2012 10:50 AM
To: mbannerman@arcstarenergy.com
Subject: Made-in-Ontario Clean Wind Power Creating Jobs

 

Made-in-Ontario Clean Wind Power Creating Jobs

August 16, 2012

Clean Energy Industry Supporting Supply Chain Across Ontario

Ontario's clean energy economy is bringing more renewable energy online while creating good jobs for families across the province.

Components for two renewable energy projects, the Erieau Wind and East Lake St. Clair wind farms, are being made at Thurston Machine in Port Colborne. In addition to specializing in mining, locomotive, and steel equipment, the nearly 100-year-old company is now also supplying Ontario's clean energy industry.

Expected to be online by mid-2013, the Erieau Wind and East Lake St. Clair wind projects will each produce 99 megawatts of clean, renewable energy, enough electricity to power over 27,000 homes or a city the size of Newmarket.  Each of these projects will also create about 150 construction jobs in Chatham-Kent.   

Building a clean energy system and a culture of conservation is part of the McGuinty government's plan to create and support jobs for Ontario families while ensuring we have the electricity we need to power our homes, schools, hospitals and the economy.

QUOTES

"These projects are great examples of how Ontario's clean energy industry is strengthening our economy and creating jobs across the province. As the industry grows and increases the supply of clean, renewable energy, Ontario moves closer to eliminating coal-fired electricity generation, ensuring cleaner air and a healthier environment."

 – Chris Bentley
Minister of Energy

"International Power is proud to be part of the Erieau Wind and East Lake St. Clair Wind projects. Both of these projects will not only capitalize on the vast wind resources in Chatham-Kent they will contribute to creating cleaner air and moving the province's clean energy mandate."

 – Michael Crawley
President and CEO, International Power

"Thurston Machine's strength has always been the flexibility of handling a diverse range of projects. Our plan to get involved in the renewable energy sector weighed heavily into our decision to move forward with our recently completed $11.5 million expansion which will ultimately create an additional 20 jobs."

 – Mark Yallin
Division Manager, Thurston Machine

QUICK FACTS

  • The Erieau Wind and East Lake St. Clair wind projects are also benefitting Ontario's steel industry as all the steel in the manufacturing of the foundations of both projects is being made in Sault Ste. Marie.
  • Established in 1915, Thurston Machine employs 80 skilled workers that provide machining, fabrication and assembly services.
  • In 2009 more than 80 per cent of Ontario's electricity generation came from emission-free sources like wind, solar, biogas and nuclear.
  • In 2003, Ontario had 19 dirty polluting-coal units and just 10 wind turbines; today, the province has over 1,000 new wind turbines and by 2014 all coal units will be closed.

CONTACTS

  • For media inquiries only call:
    Jennifer Kett, Minister’s Office
    416-327-6747
    jennifer.kett@ontario.ca
  • For media inquiries only call:
    Kirby Dier, Communications Branch
    416-326-4542
    kirby.dier@ontario.ca
  • For public inquiries call:
    1-888-668-4636
    TTY: 1-800-239-4224




Ministry of Energy
ontario.ca/energy

 

FW: ONTC Divestment Transportation and telecom privatization under way

 

 

From: Ontario News [mailto:newsroom@ontario.ca]
Sent: Thursday, August 16, 2012 11:13 AM
To: mbannerman@arcstarenergy.com
Subject: ONTC Divestment Update

 

ONTC Divestment Update

August 16, 2012

McGuinty Government Focused on Ensuring Affordable, Efficient and Modern Transportation System for Highway 11 Corridor

The province is moving forward with a new era of transportation and telecommunications services for the Highway 11 corridor in Northeastern Ontario.

The divestment of the provincially owned Ontario Northland Transportation Commission (ONTC) was announced in March 2012. Important steps are now being taken in that process, including:

  • The Northlander train from Cochrane to Toronto will stop running after September 28, 2012. Regular train service will continue until that date.  Every community served by the Northlander train is also served by ONTC bus service that will continue to run as usual.
  • The Polar Bear Express train service will not be affected and will continue to provide the same service to rural and remote communities between Cochrane and Moosonee.
  • The Niska I ferry, which sails between Moosonee and Moose Factory Island, is being transferred to the Owen Sound Transportation Company, with no changes to service.
  • Ontera, a telecommunications system operating in Northeastern Ontario, will be the first ONTC business line put up for sale. Infrastructure Ont! ario will be inviting interested buyers to submit their qualifications to purchase Ontera.
  • An environmental assessment exemption has been granted for all activities of the ONTC divestment process; however, Ontario's strong legislative and regulatory requirements must still be met.


Funds used to operate the ONTC are better spent in helping tackle the deficit, protecting the province's gains in health care and education and in valuable Northern Ontario job creation and infrastructure programs such as the Northern Ontario Heritage Fund Corporation and the Northern Highways Program.

QUOTES

"In a time of fiscal belt-tightening, we cannot afford an inefficient and expensive government-owned transportation and telecommunications system. This is an historic opportunity to deliver innovative and sustainable solutions that meet the needs of Northerners now and in the future, and help foster private sector investment and economic growth across the Northeast."

 – Rick Bartolucci
Minister of Northern Development and Mines

"Today's announcement shows commitment to a better, more sustainable transportation and telecommunications system for the Northeast. This process is about offering an opportunity for the private sector to provide services in a manner that can stimulate local economies in the North, create jobs and provide viable transportation options."

 – Ted Hargreaves
Chair of the Board for ONTC

QUICK FACTS

  • Since 2003, Ontario has invested over $430 million in the ONTC ? increasing the subsidy provided to the ONTC by 256 per cent. Based on current trends, supporting the ONTC today would require annual support of approximately $100 million ? compared to $27.6 million in support in 2003.
  • The Growth Plan for Northern Ontario features a Multi-Modal Transportation Strategy, which includes the development of an integrated air, rail, marine and road strategy.
  • In keeping with the government's commitment to improving transportation in Northeastern Ontario, the province has completed the four-laning of Highway 11 on time, and it is now fully open to traffic.

CONTACTS




Ministry of Northern Development and Mines
ontario.ca/north

 

RWE's 2,200 MW coal-fired power station officially begins operations in Germany

Wednesday, August 15, 2012

Press Release: Solar insurance and finance improves policy terms and conditions of solar PV insurance: pv-magazine

FW: Solar market primed for rise

http://www.pennenergy.com/index/power/display/4625724608/articles/pennenergy
/power/renewable/2012/august/solar-market_primed.html?cmpid=EnlDailyPowerAug
ust142012


Solar market primed for rise


August 13, 2012
The prevailing narrative of solar energy has been one of an industry
struggling to compete against still-cheap fossil fuels. But Forbes' Peter
Kelly-Detwiler reports that the current market actually provides an
increasingly promising outlook for solar power and other distributed
technologies.

The aging electricity transmission and distribution grid continues to make
it difficult for utilities to provide sufficient power in the areas where it
is most needed, with regions like New York and New Jersey suffering dramatic
congestion.

Meanwhile, technological advances have begun to spread much more quickly,
which has led some older companies to struggle against more efficient
competition. Kelly-Detwiler notes that even the collapse of Solyndra last
year can be attributed at least in part to the rise of newer technologies.

At the same time, an increasingly large proportion of people are giving
credence to calls to reduce carbon emissions, which can support natural
gas-fired generation to an extent, but ultimately will push carbon-free
sources like solar.

The Solar Energy Industries Association reports that the U.S. added the
second-most solar capacity of any quarter in the first three months of 2012,
despite the expiration of key subsidies.

Analysis of the U.S. solar market is available at PennEnergy's Research
area.


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Conergy reduces losses

Conergy reduces losses

15.08.2012: German solar module maker Conergy AG was able to reduce its losses in the fist six months of the year. Conergy reports its net loss for the first half of 2012 was €20.3 million ($26.0 million), compared with a net loss of €41.0 million ($50.5 million) for the same period last year. The company also reported negative earnings before interest and taxes (EBIT) of €14.6 million ($18.0 million), up from a negative EBIT of €29.4 million ($36.2 million) for the first half of 2011. In the second quarter alone, the company reported positive earnings before interest, taxes, depreciation and amortization (EBITDA) of €0.5 million ($0.6 million) – this is the first positive EBITDA the company has seen since autumn 2010. CEO Philip Comberg said he still hopes to achieve a small positive EBITDA for full year 2012. … Source: Conergy AG; Summary: PHOTON

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com