QUICK NEWS, May 21: BIGGEST U.S. WIND PROJECT MOVES AHEAD; REITS NOT BRINGING BIG $$$ TO SOLAR; INVESTORS EYE GEOTHERMAL OPPORTUNITY (Pt 2)

BIGGEST U.S. WIND PROJECT MOVES AHEAD Permit submitted for proposed wind farm in Wyoming

May 14, 2014 (AP via Washington Times)

“The developers of what could become the largest wind energy project in the U.S. have submitted their application for a state permit to build the wind farm…The Power Company of Wyoming submitted its industrial siting permit application…for its proposed Chokecherry/Sierra Madre wind farm south of Rawlins…The Power Company is a wholly owned affiliate of Denver [oil and gas] billionaire Phil Anschutz’s The Anschutz Corp…It proposes to install 1,000 turbines that would generate enough electricity to power 1 million homes…The state Industrial Siting Council will hold a hearing [within 90 days and issue a decision within 45 days later]…” click here for more

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REITS NOT BRINGING BIG $$$ TO SOLAR Despite Promise, Clarified REITs Fail To Yield Additional Solar Financing Benefits

Michael Puttre, 12 May 2014 (Solar Industry)

“President Barack Obama made waves throughout the solar sector last week with a speech emphasizing the importance of solar power…[and said] the U.S. Treasury Department and Internal Revenue Service (IRS) would clarify how real estate investment trusts (REITs) relate to renewable energy installations…The role of REITs as a source of funding for renewable energy development is constrained by the requirement that the bulk of its assets must be ‘real property’…[The President predicted] regulation will identify those aspects of renewable energy property that clearly fit within the existing definition of real property…the president promised more than the IRS delivered…The clarification confirms that the types of property REITs can hold are probably not going to be subjected to a radical revision…[But investors say this will] not prevent developers from getting financing at comparable rates [and are especially bullish on Yield Cos]…” click here for more

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INVESTORS EYE GEOTHERMAL OPPORTUNITY (Pt 2) Here's How Geothermal Energy Will Soon Heat Up Wall Street

John Licata, May 2, 2014 (The Street)

“… [G]eothermal fields produce just one-sixth of the carbon dioxide that a clean natural-gas-fueled power plant produces and is seen by the Environmental Protection Agency as the most efficient, clean and cost effective for temperature control…[and it takes] a smaller footprint to develop geothermal versus solar or wind farms…[Geothermal is] a 24/7 base-load power source…[without the need to] depend on storage…[T]apping a constant source of power that will generate little if any greenhouse gases is becoming hard to overlook…Thanks to enhanced geothermal systems (EGS), engineered reservoirs that maximize technology, geothermal power may very soon make headways beyond the hotter western U.S. states, especially since the U.S. Geological Survey estimates this vast, untapped geothermal resource is between 100 and 500 gigawatts, enough to power millions of American homes…[Stocks likely to benefit include] industry giant Ormat Technologies (ORA), which has geothermal projects in Nevada, Hawaii, California and Kenya and recently received big supply contracts in Indonesia…More speculative plays include U.S. Geothermal (HTM),Alterra Power (MGMXF) and Ram Power (RAMPF)…” click here for more

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