QUICK NEWS, November 27: SOLAR’S U.S. PIPELINE; RECORD 45% OF GRID POWER FOR IRISH WIND; $30BIL+ IN TRANS-OCEAN TRANSMISSION BIZ TO 2023

SOLAR’S HUGE U.S. PIPELINE The US has 43 nuclear power plants’ worth of solar energy in the pipeline

Todd Woody, November 25, 2013 (Quartz)

“The boom in solar energy in the US in recent years? You haven’t seen anything yet. The pipeline of photovoltaic projects has grown 7% over the past 12 months and now stands at 2,400 solar installations that would generate 43,000 megawatts(MW)… If all these projects are built, their peak electricity output would be equivalent to that of 43 big nuclear power plants, and enough to keep the lights on in six million American homes…Only 8.5% of the pipeline is currently being installed, with most of it still in the planning stages. Some projects will inevitably get canceled or fail to raise financing…But there’s reason to believe that a good chunk of these solar power plants and rooftop installations will get built over the next two years…” click here for more

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RECORD 45% OF GRID POWER FOR IRISH WIND Irish wind energy output hits record 1,564MW

20 November 2013 (SiliconRepublic)

“Wind power output reached a record 1,564 megawatts (MW) in Ireland this morning, enough to power more than 1m homes, the Irish Wind Energy Association (IWEA) reported…The record output, recorded at 8am, corresponded to more than 45pc of the Irish electricity demand at that time, according to figures from EirGrid…The IWEA's chief executive Kenneth Matthews said the new peak shows the vital role wind energy is already playing in Ireland's domestic energy supply, as sustained levels of wind generation are being created…” click here for more

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$30BIL+ IN TRANS-OCEAN TRANSMISSION BIZ TO 2023 Submarine Electricity Transmission; HVDC and HVAC Submarine Power Cables: Supply Constraints, Demand Drivers, Technology Issues, Prominent Projects, Key Industry Players, and Global Market Forecasts

4Q 2013 (Navigant Research)

“The market for high-voltage submarine cables is a small and highly specialized industry that will experience increasing growth over the next several years…As cable technology advances, more projects are being proposed that require longer, deeper, and higher-capacity cables…Even the most conservative growth models show that the industry will expand rapidly and the supply chain has expanded…[T]he primary restraints on the submarine cable market in the foreseeable future are restrictions in financing and regulatory roadblocks. Navigant Research forecasts that the high-voltage submarine cable market will realize $33.8 billion in cumulative revenue between 2014 and 2023 under a conservative scenario…” click here for more

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