NewEnergyNews: QUICK NEWS, May 3: BUFFETT BUYING NEW ENERGY; SOLARCITY IN IPO; JAPAN BANKS BACK DUKE-SUMITOMO BIG KANSAS WIND DEAL

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

  • FRIDAY WORLD HEADLINE-PROOF OF GLOBAL SEA LEVEL RISE FROM NASA
  • FRIDAY WORLD HEADLINE-ISRAEL TURNS TO THE SUN
  • FRIDAY WORLD HEADLINE-INDIA FIXES WIND
  • FRIDAY WORLD HEADLINE-EU BACKS WIRELESS EV CHARGING PILOT
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, August 27:

  • TTTA Thursday-A WAY TO MAKE THE PARIS DEAL WORK BETTER
  • TTTA Thursday-COST OF NO CLIMATE: $44 TRILLION – CITIBANK
  • TTTA Thursday-SHALE GAS OUTPUT DROPS
  • TTTA Thursday-THE STATUS OF SELF-DRIVING CARS
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    THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: WHAT SUNEDISON'S BIG BUY INTO BATTERY STORAGE COULD OFFER
  • QUICK NEWS, August 26: NEW ENERGY READY TO TAKE CONTROL; THE PRESIDENT BOOSTS SOLAR; EV CHARGING ON THE GO
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: SOLAR THIS YEAR
  • QUICK NEWS, August 25: SOLAR CHEAPER THAN NAT GAS; WIND TO THE RESCUE; NUKE PLANT COSTS STILL RISING
  • AND THE DAY BEFORE THAT

  • TODAY’S STUDY: TOWARD A 21ST CENTURY ELECTRICITY SYSTEM IN CALIFORNIA
  • QUICK NEWS, August 24: FAITH IN A TIME OF CHANGING CLIMATE; A TEXAS SOLAR BOOM?; WIND COULD BE THE CLIMATE HERO
  • THE LAST DAY UP HERE

  • Weekend Video: Hot Times Become Hottest Times
  • Weekend Video: The Google Way To Solar Savings
  • Weekend Video: Is Solar The Next Texas Energy Boom?
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    Anne B. Butterfield of Daily Camera and Huffington Post, is an occasional contributor to NewEnergyNews

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    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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    Your intrepid reporter

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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  • Thursday, May 03, 2012

    QUICK NEWS, May 3: BUFFETT BUYING NEW ENERGY; SOLARCITY IN IPO; JAPAN BANKS BACK DUKE-SUMITOMO BIG KANSAS WIND DEAL

    BUFFETT BUYING NEW ENERGY Buffett's MidAmerican sets sights on renewables, midstream M&A by summer

    Abby Gruen, April 23, 2012 (SNL Financial)

    “MidAmerican Energy Holdings Co., which has been on a renewable energy asset buying spree in the past six months, is on the prowl to buy more clean energy projects, as well as natural gas pipelines, by the summer of 2012.

    “With expiring federal subsidies hurting wind and solar developers such as First Solar Inc., which sold its 550-MW Topaz Wind Farm project to MidAmerican in February, and troubles in the shale patch from low prices stressing natural gas pipeline owners such as Chesapeake Energy Corp., Warren Buffett's utility is ready with cash to make deals at the right price…[S]everal new deal announcements could be imminent…”

    ”Backed by $2 billion in equity support from its parent, Berkshire Hathaway Inc., the generation and distribution powerhouse with sprawling networks of assets, mostly west of the Mississippi River, is looking to expand through mergers and acquisitions. Unique among its peers, the private power company doesn't pay dividends, so it has more flexibility to enter, and exit, the market opportunistically without worrying about pushback from shareholders. The company is also more willing to stretch its balance sheet in the near term for assets it plans to hold long term…

    “…[Executives say] Buffett…is very committed to growing MidAmerican…While MidAmerican continues to look at buying utilities, it will remain extremely patient’ for now, because many are overvalued…Pepco Holdings Inc...[and] Oncor Electric Delivery Co. LLC. [have been mentioned as acquisitions]…Looking to expand its footprint in renewables, and offset Berkshire Hathaway's hefty tax bills, MidAmerican formed MidAmerican Renewables LLC in January. They are specifically hoping to repeat MidAmerican's First Solar Topaz deal, funded with $850 million in publicly rated bonds, executives [said]…MidAmerican is one of a dozen premier utilities…”

    SOLARCITY IN IPO SolarCity Files SEC Papers For Initial Public Offering

    30 April 2012 (Solar Industry)

    ”SolarCity Corp., a solar project integrator and provider of other clean energy services, plans to conduct a registered initial public offering (IPO) of its common stock.”

    ”The offering is expected to commence after the Securities and Exchange Commission (SEC) completes the review process initiated by SolarCity's confidential submission on April 26 of its draft registration statement…The company has not disclosed any further information on the timing or other details…”

    JAPAN BANKS BACK DUKE-SUMITOMO BIG KANSAS WIND DEAL Duke Energy, Sumitomo Secure $353M In Financing For Kansas Wind Farms

    26 April 2012 (North American Windpower)

    ”Duke Energy Renewables and Sumitomo Corp. of America (the U.S. subsidiary of Japan-based Sumitomo Corp.)…have finalized their 50-50 ownership arrangement for two Kansas wind farms and secured approximately $353 million in financing for construction and operating costs.

    “Duke Energy Renewables, a commercial business unit of Duke Energy…[will] sell a 50% stake in the 131 MW Cimarron II Windpower Project…[and in] the 168 MW Ironwood Windpower Project…to Sumitomo. The companies will complete construction of both wind farms later this year.”

    ”The financing consists of a construction and term loan facility of approximately $330 million and a letter of credit facility totaling roughly $23 million. The lenders involved in the deal were Sumitomo Mitsui Banking Corp., Mizuho Corporate Bank Ltd. and Bank of Tokyo-Mitsubishi UFJ Ltd…

    “…Kansas City Power & Light will purchase all of the electricity and associated renewable energy credits (RECs) produced by Cimarron II under the terms of a 20-year agreement. Westar Energy will buy all the power and RECs produced by the Ironwood wind farm through a 20-year agreement.”

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