Wednesday, September 30, 2015

Re: Costa Rica's ICE slashes use of fossil fuels by a remarkable 94 percent - Inside Costa Rica | Inside Costa Rica

I would agree fully that these statements are not honest. Typical monopoly spin:)

We are prepared to discuss the bid rules etc. whenever you signal.

Monty

On Sep 28, 2015 4:19 PM, "Roberto Kopper" <rk@loskosa.com> wrote:
this stament in NOT entirely true.  They have consumed fossil fuel every month!!! Plus they have imported power that we do not know what the source is, could be renewable as well as fossil fuels!!!
RK


On Mon, Sep 28, 2015 at 1:56 PM, Monty Bannerman <mbannerman@arcstarenergy.com> wrote:

A tale of conflicting facts; massive increase in low cost energy supply and massive decrease in expenditures on oil, at the same time as massive rate increases to ratepayers. Only a monopoly can work this way.

http://insidecostarica.com/2015/09/28/costa-ricas-ice-slashes-use-fossil-fuels-remarkable-94-percent/




--
Roberto Kopper
 
   
Aptdo 80 - 4059
San Pedro de Poas / Escazú
COSTA RICA
Tel. ++506 8343 9988

Check this eye-popping solar auction price in Spain

I think we have to assume this is the guys like Renovatio who already have a plant and no PPA

 

Spain's largest utility company Endesa SA has purchased 300 GWh of power through the Iberian solar energy auction it held on Sep. 29. The auction ended with a closing price of €51.94 ($58.40) per MWh. Endesa had set a starting maximum price of €53.5 per MWh for the auction. The company said that the 300 GWh it has purchased through the auction is equivalent to an installed capacity of 1,200 MW of PV producers. The auction was managed by Endesa and OMIP, the agency overseeing the Energy Derivatives Market in the Iberian Peninsula, which includes Spain and Portugal. Spanish and Portuguese PV power producers selected through the auction will be granted contracts based on a representative index of Spain's solar output. The auction will be held four times a year. The next auction is scheduled for December. © PHOTON

 

Monty Bannerman

ArcStar Energy

+1-646-402-5076

www.arcstarenergy.com

 

Tuesday, September 29, 2015

Bloomberg: Chinese Solar Company Threatens Default as Xi Makes Green Push

Former tier one manufacturer and IPO darling with murky but certain communist State ownership must have fallen from party grace and is about to fry its Western shareholders.

A Chinese maker of solar components is threatening to become the nation's next company to default on bonds, highlighting industry challenges as President Xi Jinping pushes to cut global-warming emissions.

To read the entire article, go to http://bloom.bg/1P4MuVP

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Big Utilities Enter Market For Small Rooftop Solar

Specific argument and strategic proposal Allen and I delivered to Duke Energy in 2009.  Now finally grinding into motion only after the damage to their monopoly position is already undeniably occurring. People don’t really like to act until the train-wreck is already upon them (or already over).

http://www.manufacturing.net/news/2015/09/big-utilities-enter-market-for-small-rooftop-solar?et_cid=4845468&et_rid=45614407&location=top

Alaska Fears Fallout Of Shell's Arctic Drilling Decision

Monday, September 28, 2015

Bloomberg: China to Congress: This Is How You Tackle Climate Change

Maybe a good communist threat will do what facts are failing to accomplish. After all, it was the Russian threat that got us to the moon.


One-upped.

Science, economics and even the Holy See have failed to persuade the U.S. Congress to tackle climate change. Now, perhaps an even more powerful influence may come to bear: the determination not to be outdone by China.

To read the entire article, go to http://www.bloombergview.com/articles/2015-09-25/china-to-congress-this-is-how-you-tackle-climate-change

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Re: Costa Rica's ICE slashes use of fossil fuels by a remarkable 94 percent - Inside Costa Rica | Inside Costa Rica

this stament in NOT entirely true.  They have consumed fossil fuel every month!!! Plus they have imported power that we do not know what the source is, could be renewable as well as fossil fuels!!!
RK


On Mon, Sep 28, 2015 at 1:56 PM, Monty Bannerman <mbannerman@arcstarenergy.com> wrote:

A tale of conflicting facts; massive increase in low cost energy supply and massive decrease in expenditures on oil, at the same time as massive rate increases to ratepayers. Only a monopoly can work this way.

http://insidecostarica.com/2015/09/28/costa-ricas-ice-slashes-use-fossil-fuels-remarkable-94-percent/




--
Roberto Kopper
 
   
Aptdo 80 - 4059
San Pedro de Poas / Escazú
COSTA RICA
Tel. ++506 8343 9988
Tel. Of ++ 506 2228 4997

Costa Rica's ICE slashes use of fossil fuels by a remarkable 94 percent - Inside Costa Rica | Inside Costa Rica

A tale of conflicting facts; massive increase in low cost energy supply and massive decrease in expenditures on oil, at the same time as massive rate increases to ratepayers. Only a monopoly can work this way.

http://insidecostarica.com/2015/09/28/costa-ricas-ice-slashes-use-fossil-fuels-remarkable-94-percent/

Friday, September 25, 2015

BBC News: Syria crisis: US-trained rebels give equipment to al-Qaeda affiliate

That's only $100M per fighting man. 

Syria crisis: US-trained rebels give equipment to al-Qaeda affiliate
A group of US-trained Syrian rebels has handed over their vehicles and ammunition to fighters linked to al-Qaeda, the US military admits.
Disclaimer: The BBC is not responsible for the content of this email, and anything written in this email does not necessarily reflect the BBC's views or opinions. Please note that neither the email address nor name of the sender have been verified.


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Moody's highlights rise in renewables refinancing - Power Engineering International

Thursday, September 24, 2015

Equinix to Make California Data Centers 100% Renewable -- REDWOOD CITY, Calif., Sept. 23, 2015 /PRNewswire/ --

http://www.prnewswire.com/news-releases/equinix-to-make-california-data-centers-100-renewable-300147687.html?utm_source=newsletter&utm_medium=email&utm_campaign=PHOTON+Newsletter+-+International+edition+from+September+24+2015&newsletter=PHOTON+Newsletter+-+International+edition+from+September+24+2015


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Coronal Group and Panasonic Make Strategic Investment in Blue Oak Energy to... -- GLENDALE, Calif., Sept. 22, 2015 /PRNewswire/ --

Panasonic group buys developer.


http://www.prnewswire.com/news-releases/coronal-group-and-panasonic-make-strategic-investment-in-blue-oak-energy-to-support-continued-expansion-of-blue-oaks-engineering-and-epc-business-300147215.html?utm_source=newsletter&utm_medium=email&utm_campaign=PHOTON+Newsletter+-+International+edition+from+September+24+2015&newsletter=PHOTON+Newsletter+-+International+edition+from+September+24+2015


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BBC News: Hinkley Point owner defends cost of new nuclear plant

$24B capex (estimated, never delivered, overruns funded by taxpayer, debt guaranteed by taxpayer), $92/MWh PPA. 

Hinkley Point owner defends cost of new nuclear plant
The head of French company EDF, which owns the Hinkley Point nuclear power station, defends its plan to build a new plant at the Somerset site.
Disclaimer: The BBC is not responsible for the content of this email, and anything written in this email does not necessarily reflect the BBC's views or opinions. Please note that neither the email address nor name of the sender have been verified.


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Wednesday, September 23, 2015

BBC News: Ignore Pope on climate, says Republican Marsha Blackburn

Second ranking Republican on the congressional energy committee speaks out about climate change and evolution.
MB

Ignore Pope on climate, says Republican Marsha Blackburn
One of the most influential US energy politicians, Republican Congresswoman Marsha Blackburn, rejects the Pope's plea to tackle climate change.
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BBC News: Beauty beyond - winning astronomy photography



Beauty beyond - winning astronomy photography
Shimmering phenomena in the night sky - and starry sights billions of light years away - see the finalists in the 2015 Astronomy Photographer of the Year competition.
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Press Releases: SolarPower Europe presses EU to remove Chinese duties

http://solarpowereurope.org/media/press-releases/?utm_source=newsletter&utm_medium=email&utm_campaign=PHOTON+Newsletter+-+International+edition+from+September+23%2C+201&newsletter=PHOTON+Newsletter+-+International+edition+from+September+23%2C+201


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Thursday, September 17, 2015

FPL details progress on large-scale solar expansion - Sep 16, 2015

What a bunch of BS the politicians and PSC are facilitating and the public being fed.

http://newsroom.fpl.com/2015-09-16-FPL-details-progress-on-large-scale-solar-expansion?utm_source=newsletter&utm_medium=email&utm_campaign=PHOTON+Newsletter+-+International+edition+from+September+18%2C+201&newsletter=PHOTON+Newsletter+-+International+edition+from+September+18%2C+201


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Early days for solar in Brazil

Brazil doubles 2024 solar target to 7 GW

Brazil has currently an installed PV capacity of approximately 19 MW. 

17.09.2015: Brazil’s Ministry of Mines and Energy (MME) has released a new 10-year energy plan (Plano Decenal de Expansão de Energia – PDE 2024) that aims to increase the country’s PV generation capacity to 7 GW by 2024. In the previous version of the plan, which was published in December 2014, the MME had targeted only 3.5 GW of installed PV power by 2023. If achieved, the 7 GW would be enough to cover up to 3.3% of Brazil’s electricity demand in 2024. Moreover, the MME forecasts that Brazil will cover over 84% of its total power demand with renewable energy by 2024, with hydroelectric power continuing to play the dominant role in the country’s energy mix. Hydroelectric power is expected to cover 56.7% of the country’s power demand in 2024, down from 67.6% currently. Meanwhile, Brazil’s cumulative installed wind power capacity is expected to reach 24 GW in 2023, enough to cover 11.6% of demand. Brazil has currently a grid-connected installed PV capacity of only 19 MW. © PHOTON

epe.gov.br

 

 

Monty Bannerman

ArcStar Energy

+1-646-402-5076

www.arcstarenergy.com

 

Friday, September 11, 2015

Wednesday, September 9, 2015

Bloomberg: Brooklyn Plans to Avoid Blackouts With Utility-Disrupting 'Microgrids'

From Bloomberg, Sep 9, 2015, 7:00:00 PM

If you want to see how U.S. utilities could lose control of the electricity industry, keep an eye on Brooklyn's Red Hook neighborhood, which spent a week in the dark after Hurricane Sandy hit New York in 2012.

To read the entire article, go to http://bloom.bg/1UCncmE

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BBC News: Brazil cut to 'junk' credit rating by Standard & Poors



Brazil cut to 'junk' credit rating by Standard & Poors
Brazil has lost its investment-grade credit rating following a downgrade by Standard & Poor's to "junk" status.
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Public unions organizing largest strike in decades; ICE union boss threatens journalists could face violence - Inside Costa Rica | Inside Costa Rica

ICE workers just as determined to preserve the monopoly gravy train as their bosses and socialist politicians. Their economy and foreign investors have only one way to go.

http://insidecostarica.com/2015/09/09/public-unions-organizing-largest-strike-decades-ice-union-boss-threatens-journalists-face-violence/


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Tuesday, September 8, 2015

Fwd: A Game-Changer for the Global Oil Market





A Game-Changer for the Global Oil Market

Tue, 09/08/2015 - 8:53am
Lindsay Hock, Editor

Image: ShutterstockImage: ShutterstockShale technology is a game-changer for the global oil market. Today, this new technology has been developed mostly in the U.S. And, over the past five years, shale oil production in the U.S. has increased by almost a factor of 10—"every two years a 'new Norway' has been put in production," says Oliver Appert, President of the World Energy Council French Committee in an interview with R&D Magazine.

Despite the continuous increase of world oil demand, this has resulted in an over-supply of 1 to 2 Mb/d, million barrels per day, since 2004. "Surprisingly, the Organization of the Petroleum Exporting Countries (OPEC) didn't react to this new situation by decreasing its production as it has during past decades," says Appert. And, as a result, the price of oil has dropped dramatically. Today the price of oil has reached its lowest level since the economic crisis in 2008.

"At the same times, shale technology has had a dramatic impact on the global gas market," says Appert. And thanks to shale gas, the U.S. is set to become self-sufficient for its gas supplies, and will start to export on the international market within the next few months.

Shale: The next "swing" producer in the global market
For the past 40 years, the OPEC has played the role of the "swing producer" in setting the price of oil on global markets. This means the OPEC producers increased their production when the market was tight, as was the case in 1990, and reduced their quotas when the prices dropped due to over-supply. "This happened in 1986, 1999 and 2008, after which, a few months later, the price went up," says Appert.

Today, the OPEC has decided not to react to the over-supply due to shale oil in order to keep its market share. Shale production is more flexible than conventional oil, so if the price of oil is up, investments in shale will increase rapidly and production will follow.

"Experts were anticipating that shale oil production would decrease with lower prices; however, this hasn't happened," says Appert. "In fact, while the number of drilling rigs has dropped by almost a factor of two in the U.S. since Sept. 2014, shale oil production has remained almost stable." This is due to the improvement of shale technology in just a few years. For example, the well cost has been reduced from $8.1 million in 2012 to $5.5 million in 2015. The drilling cost per foot has also been reduced by 44% in five years, and the completion costs by 34%

"So, in the present circumstances, if the OPEC decides to reduce its quotas, prices will go up and shale producers will restart investing massively with production going up again thank to the low inertia and the flexibility of the U.S. industry," says Appert.

As a result, shale oil in the U.S. is setting the price on the market.

How is shale technology accessed
The bulk of oil production in the U.S. and elsewhere is still coming from conventional fields. And, those fields, require large initial investments. However, after many years of operation, they are still producing at low operating costs.

"As long as oil prices are higher than operating costs, oil companies will continue to produce using conventional methods," says Appert. "However, the drop in oil prices has affected oil companies' investments, which have dropped by 20 to 40% with the cuts mostly focused on exploration expenditures and postponement of new developments." Over times, this will have a clear impact on oil production.

For the time being, shale is called "non-conventional," according to Appert. "But experience in the oil sector shows that non-conventional technologies soon become conventional technologies," says Appert. "Take for example ultra-deep offshore technologies."

Shale technology, however, is based on two major components: fracking and horizontal drilling. Shale oil and gas is produced in very tight geological formations, so it's necessary to increase the permeability of the rock by fracking the formation and increasing the contribution that horizontal wells make. "This increases dramatically the contribution to production compared to simply using vertical wells," says Appert.

Fracking and horizontal drilling technologies have been known for many years. In fact, the first frack was done in 1949, and the first horizontal wells were drilled in the mid 1980s. "By efficiently combining these two technologies, it's now possible to exploit new resources such as tight reservoirs or source rocks efficiently and cost-effectively," says Appert.

Shale production has boomed in the context of high oil prices; and, thanks to an industrialization of both technologies, it's now possible to produce shale resources in the present context of lower prices.

The issues with fracking
In many areas, fracking technology is facing strong opposition from environmentalists and local communities due to misplaced perceptions about the environmental impact it can have. "For example, fracking technology is banned in some countries, and even in some states in the U.S.," says Appert.

The environmental impact of fracking may be minimized by implementing state-of-the-art technologies. "It is also mandatory to gain support of local communities and land owners before it can begin, which means greater transparency to the benefit of all stakeholders," says Appert.

The International Energy Agency released a report recently on shale describing the "Golden Rules" to implement in order to mobilize the shale resources. And these rules must be put in place by industry and governments.

The future of shale technology
While worldwide shale resources are huge according to the U.S. Energy Information Agency, there are still uncertainties about the economics of its production and environmental issues. "Shale production in the U.S. has experienced a dramatic growth in the last five years, which will continue in years to come," says Appert.

In fact, the U.S. Dept. of Energy anticipates a significant growth in shale oil production at least until the end of the decade, "but for it to grow globally in countries such as China, Argentina and the U.K., these countries must tackle their particular economic, industrial, environmental and legal issues," says Appert.

The future growth of shale will heavily be dependent on the price of oil. However, it's certain that shale technology is here to stay.

• CONFERENCE AGENDA ANNOUNCED:

The highly-

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--
Monty Bannerman
ArcStar Energy
+1 646.402.5076
www.arcstarenergy.com

Monday, September 7, 2015

Fwd: Colorado PUC Orders No Changes to Solar Net Metering - Renewable Energy World





Colorado PUC Orders No Changes to Solar Net Metering

September 2, 2015
 
Freelance Journalist

In what is being lauded as a "fair outcome" for consumers, utilities and the solar industry alike, the Colorado Public Utilities Commission (PUC) last week voted that no changes will be made to the state's net metering policy, which currently reimburses solar customers at the retail rate of 10.5 cents per kilowatt hour.

Colorado's largest utility provider, Xcel Energy, argued that existing net metering rate design was giving solar customers hidden incentives that could result in a cost shift between solar and non-solar customers. The utility asked the PUC to examine if existing rates were too high, which they claimed could result in solar customers not paying their share of grid costs. The PUC's oral decision, which is expected to be released in written form in the coming weeks, concluded that no changes would be enacted.

The result of the ruling is expected to bolster confidence among existing and potential solar customers, who will continue to receive bill credits of 10.5 cents for every kilowatt hour of electricity their rooftop systems put into the grid.

Sara Birmingham, director of western states for the Solar Energy Industries Association (SEIA), said the PUC's decision was "incredibly important" and will deliver a message of "predictability and transparency" that she views as necessary to consumers still on the fence about the cost effectiveness of adopting solar for their homes.

Rebecca Cantwell, executive director of the Colorado SEIA, said net metering "provides an important right for consumers to generate their own clean energy and receive fair credit for power they are sharing with neighbors." She added that the PUC's decision "will hopefully provide confidence to people who are considering going solar."

The PUC's ruling came after more than a year of exhaustive deliberation that included the hosting of a series of workshops and brought in the involvement of experts from numerous groups on both sides of the dispute. Birmingham praised the proceedings as a "deliberate and collaborative" effort she believes serves as a positive example of how such future discussions could and should be held.

"The process the PUC put forward is one that should be replicated across the country," Birmingham said. "It really gave a chance for all of the stakeholders to come forward and give their perspectives, and put all of that data into the record."

That drawn out, comprehensive process is likely to ensure that no appeals to the decision will be filed by Xcel Energy, although avenues do remain open for that possibility. Early indications are that no appeal will be pursued, with Xcel Energy spokesperson Mark Stutz having said, "There's really nothing to appeal."

According to the PUC, the Xcel Solar Rewards program has resulted in the installation of more than 25,000 solar systems since 2006.

The PUC's finding came the same week that the Nevada PUC voted to keep net metering in place through the end of 2015, following NV Energy's announcement that the state's 235 MW net metering cap had been reached.

Lead image: Two solar workers install solar panels on home Credit: Shutterstock

19
20

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Monty Bannerman
ArcStar Energy
+1 646.402.5076
www.arcstarenergy.com

Fwd: Florida Supreme Court Takes Up Solar Question - Renewable Energy World





Florida Supreme Court Takes Up Solar Question

September 3, 2015

Oral arguments were scheduled Sept. 1 before the Florida Supreme Court regarding the language of the state's Solar Choice ballot initiative.

Because Florida remains one of only four states where current laws expressly deny citizens and businesses the freedom tobuy solar power electricity directly from someone other than an electric utility, the Solar Choice ballot initiative is drawing support from business leaders and owners around the state, according to Floridians for Solar Choice.

Supporters of the ballot measure have gathered over 225,000 petition signatures with almost 110,000 already verified by the Florida Division of Elections and another 115,000 in process.

According to information on the court website, sponsors of a proposed constitutional amendment dealing withsolar power collected 10% of the signatures they need to get on the ballot, "warranting review by this Court of the scope of the measure and the wording of the ballot language."

"The Court reviews citizens' initiatives to determine compliance with two requirements: Amendments must deal with one subject only and the ballot title and summary must fairly describe the amendment. The Court also reviews a financial impact statement prepared by state analysts," according to the Supreme Court website.

The Florida Electric Cooperatives Association, (FECA) submitted an initial brief opposing the Solar Initiative on June 10.

The proposal "would expressly usurp the authority of all levels of state and local government to require local solar generating facilities to comply with zoning, environmental, and any other health, safety or welfare regulations," according to the cooperative association.

"After today's successful oral arguments before the Florida Supreme Court, we now eagerly await a decision by the justices," said Stephen Smith, PhD, Board Member of Floridians for Solar Choice and Executive Director of Southern Alliance for Clean Energy. "We are optimistic that the court will rule in our favor so that the people of Florida will be given the opportunity to vote for Solar Choice on next year's ballot," Smith said Sept. 1

The case number is SC15-780 Advisory opinion to the Attorney General Re: Limits or prevents vs.  Barriers to Local Solar Electricity Supply.

This article was originally published on GenerationHub and was republished with permission.‎
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Monty Bannerman
ArcStar Energy
+1 646.402.5076
www.arcstarenergy.com

Thursday, September 3, 2015

BBC News: Emissions 'far above' 2C target

Emissions 'far above' 2C target

Researchers say that global efforts to cut carbon are far short of what's needed to avert dangerous climate change.

Read more:
http://www.bbc.co.uk/news/science-environment-34135202


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The BBC is not responsible for the content of this e-mail, and anything written in this e-mail does not necessarily reflect the BBC's views or opinions. Please note that neither the e-mail address nor name of the sender have been verified.


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Tuesday, September 1, 2015

BBC News: Canadian economy enters recession

Canadian economy enters recession

Canada's economy fell into recession in the first half of the year, official figures show, as falling oil prices took their toll.

Read more:
http://www.bbc.co.uk/news/business-34116189


** Disclaimer **
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Fwd: FW: Stock Market Observations | September 1, 2015



From: Craig Drill Capital <cdrill@cdccorp.com>
Reply-To: <cdrill@cdccorp.com>
Date: Tuesday, September 1, 2015 at 9:26 AM
To: <mike@greensward.com>
Subject: Stock Market Observations | September 1, 2015




September 1, 2015

The Great Fall of China   

The swift and severe correction in risk markets was triggered by China adjusting its currency peg on August 11 (Chart 1).   Many interpreted this "devaluation" as indicative of China growing more slowly than its official figures suggested.

  
 Chart 1 | Chines Yuan (CNY/USD) 
 
Oil and other commodity prices collapsed again, punishing producers. At the same time, the beneficiaries of lower prices are slow to spend their windfalls.

In financial markets, massive outflows occurred from equity funds, emerging markets, and high yield bond funds. By August 24, 90% of the world's equity markets were trading below their 200 and 50 day moving averages.

In the US, volatility not seen in years and a rare 10% fall in the S&P 500 Index in four days unnerved investors (Chart 2). Markets participants had been lulled into complacency by four years without a correction of 10% or more and the economy doing rather well.
  
 Chart 2 | S&P 500 Large Cap Index

Panic
comes on suddenly, especially in markets subject to abrupt moves by price insensitive sellers: risk parity/algorithms, high velocity traders, robo advisers, and leveraged ETFs.   What price/earnings multiple should investors pay in markets capable of such sharp corrections?

Meanwhile, the underlying investment case remains for a long-lasting economic expansion and a consistently friendly Federal Reserve.   Low growth, low inflation, and low interest rates are more likely than a recession.

Will the Federal Open Market Committee start to normalize rates at its September 16-17 policy meeting in these circumstances?   It has no need to do so, other than making good on a commitment it feels it has made.

Watchful waiting may be harmless, whereas the risk of being blamed for another down leg in commodities and equities is not the way to win friends in Congress. We will know the Fed's decision soon...and whether the markets frankly give a damn.
 
 

About the Portfolio Manager

 

Craig A. Drill is the portfolio manager and founder of Craig Drill Capital, a

private hedge fund group based in New York City.    

 

From 1973 through 1987, Mr. Drill was employed by The First Boston Corporation as Vice President of the Equity Department, National Research Coordinator, and a senior member of the firm's Investment Policy Committee.  From 1969 to 1973, Mr. Drill was employed by Burnham and Company as National Institutional Sales Manager and a Corporate Vice President, and he served on the firm's Investment Policy, Buying, Pricing and Marketing Committees.

 

Mr. Drill holds a BA from Princeton University and an MBA from Harvard Business School. He served as an officer in the United States Navy from 1964 to 1967.

 

 

Craig Drill | Tel 212.508.5757 | Fax 212.508.5758 | cdrill@cdccorp.com

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IMPORTANT NOTICE

These observations are confidential and proprietary. They are for informational purposes only, and they are not intended to be used, and may not be used, as investment or tax advice. No express or implied representation or warranty is being made with respect to their accuracy or completeness. No obligation exists to inform the recipient when the observations herein are no longer current.   These observations do not constitute an offer to sell or a solicitation of an offer to buy any securities or interests of any entities, or to provide investment advisory services. Any such offer or solicitation may only be made to eligible persons by means of approved offering documents. The use of these observations in certain jurisdictions may be restricted by law.

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