The US wind power industry is facing huge problems that have led analysts to forecast a 60% drop in installations this year. This will be the first year since 2004 that the industry will not grow. The main reason for this set back is that we have nearly run out of high wind areas with easy access to transmission. This combined with extremely low prices for natural gas have led the industry back to the drawing board. (more…)
What you don’t know will hurt you. That’s the message in Michael Lewis’ new book, “The Big Short,” which traces today’s worldwide economic downturn to a single problem: the secretive nature of prices in the subprime mortgage bond markets.
What’s this got to do with energy? Our industry has its own opaque corners that can cause widespread damage. This week the International Energy Agency (IEA) is attempting to focus light on a big one: energy subsides for fossil fuels. (more…)
Power purchase agreements and solar leases can eliminate up-front costs and are ideal for commercial use.
When considering solar energy for your business, what you really want is the power, so why shell out for the system? That’s the basic scheme of financial agreements known as power purchase agreements and solar leases that cover up-front equipment and installation costs while the customer pays only a monthly amount.
Does this sound too good to be true? Well, it isn’t, but the process can be rather complicated and contracts become very complex, according to Matt Lugar, vice president of sales at Stellar Energy in Rohnert Park, Calif. Lugar outlined the primary types of financial structures available for solar and the impacts of the 2008-09 financial crisis on the marketplace during a workshop held at the California Center for Sustainable Energy in San Diego, Calif.
The oil industry’s decommissioning costs will dwarf those of nuclear power. The money being made now should be put aside to meet them.
Has BP ever made a profit? The question looks daft. The oil company posted profits of $26 billion last year. There’s no doubt that BP has been pumping money into the pockets of its shareholders. The question is whether this money is what the company says it is. BP calls it profit. I call it the provision the firm should be making against future liabilities. (more…)
David Orazietti, Member of Provincial Parliament (MPP) for Sault Ste. Marie, announced last month the approval by the Ontario provincial government of a $1,875,000 loan to Heliene Canada to launch a solar module manufacturing plant in the city. The financing is in accordance with the Green Energy Act – an ambitious bill designed to create a sustainable electricity system in the Canadian province. The loan will be disbursed to Heliene Canada through the Northern Ontario Heritage Fund Corporation (NOHFC). (more…)
(Reuters) – BP and Anadarko Petroleum Corp, with a combined 90 percent stake in a ruptured Gulf of Mexico oil well, could handle up to $35 billion in costs from the spill, independent research service CreditSights said on Wednesday.
Assuming costs come in under $35 billion, stocks and bonds of the companies are attractive for long-term investors willing to take on significant risk, CreditSights analysts Brian Gibbons Jr and Jake Leiby said in a report. (more…)
After watching the video below from an old professor from college, I found myself with the sudden urge to blog on the topic of money,cash flow, and sustainability.
The video demonstrates how people feel about cash and the different types of cash. Needless to say, an interesting topic for everyone because we all have it and usually want more of it. But how does cash relate to sustainability and the decisions that are affecting our planet, our lives and our species.
My hypothesis: Feelings of cash correlate directly with assumptions of sustainability investments. (more…)
Elite electric car manufacturer Tesla Motors has revealed in a revised S1 filing with the SEC that it will cooperate with Toyota on the development of Tesla’s Model S sedan. To grease the deal, Tesla will pay Toyota $42 million for the New United Motor Manufacturing Inc.( NUMMI) auto plant in Fremont, California where the vehicles will likely be produced.
The NUMMI facility, which had been the site of a joint venture between Toyota and General Motors, had closed its doors earlier this year as part of GM’s financial liquidation. Indications are that several thousand laid-off auto workers from the area could be rehired as a result of the agreement. (more…)
Currently winding its way through the legislative hoops of Capitol Hill is HOME STAR, a highly touted piece of legislation by President Obama. The program is perhaps the most important piece of legislation, outside of the Recovery Act and will provide for direct energy efficiency incentives for homeowners.
HOME STAR’S potential benefit to homeowners is simple: money. There are two proposed tracks: Silver and Gold. Under the Silver Star track ($3,000 cap/homeowner), homeowners will be eligible for rebates from individual energy efficiency measures such as replacing air conditioning units, water heaters or adding insulation. (more…)