QUICK NEWS, July 8: THE $10 TRILLION OPPORTUNITY; MONEY COMING TO WIND; DEMAND REPSONSE GROWING, BECOMING AUTOMATED
Climate Change Is the Next $10 Trillion Opportunity
Jigar Shah, July 2, 2013 (Yahoo Finance)
“With a 20% shift in our annual infrastructure spending from 20th century technology to 21st century technology we can drive a new global $10 trillion economy by 2020…That was an undercurrent in a powerful speech President Obama delivered…demanding EPA set new standards for climate change to reverse its effect on our health and the environment. That bold action will help set goals to meet the desire of many to clean the environment…[and will] be an engine for growth for years to come…[But] the president passed on the opportunity to focus on how the United States will compete with Germany and Japan as the largest climate-based wealth creators…” click here for more
MONEY COMING TO WIND Banker: Capital for wind projects has 'never been more available' than right now
Andrew Engblom, June 28, 2013 (SNL)
“Many utilities are closing in on their renewable portfolio targets and have relatively little need for new power, but there is ample capital available to finance projects able to get power contracts…Wind and solar finance may have years ago been a niche, but with investors looking for safe and steady returns on capital wind projects — and with relatively few projects moving ahead so far this year — banks and other investors are eager to finance projects…” click here for more
DEMAND REPSONSE GROWING, BECOMING AUTOMATED Market Data: Demand Response; Residential, Commercial, and Industrial Demand Response Participation and Sites, Load Curtailment, and Spending: Global and Regional Market Sizing and Forecasts
2Q 2013 (Navigant Research)
“While demand response (DR) can be considered a relatively mature market in the United States, it is just emerging in other regions…The adoption of automated demand response (ADR) looks especially promising, specifically in Asia Pacific, which will most likely leapfrog directly to ADR as the market accelerates. In Europe, the need to integrate intermittent renewables like wind and solar power will drive utilities to implement ADR programs. Navigant Research forecasts that global load curtailment will grow from 55,638 MW in 2013 to 155,479 MW in 2020…” click here for more
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