NewEnergyNews: QUICK NEWS, October 19: BIG BIZ WANTS CLIMATE ACTION; WIND’S FIGHT HEATS UP; HOW LOW WILL SOLAR GO?

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While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on climate change makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

  • TODAY’S STUDY: The Truth About The Transmission New Energy Needs
  • QUICK NEWS, September 19: All About Climate Change In 17 Short Answers; New Energy Ready To Step Up; How Old Energy Attacks Solar
  • THE DAY BEFORE

  • TODAY’S STUDY: The Private Sector Gets Into The New Energy Biz
  • QUICK NEWS, September 18: The Key Climate Change Unknown; Beer Brewer Anheuser-Busch In Big Wind Buy; Montana Grew Solar 400% In 2016
  • THE DAY BEFORE THE DAY BEFORE

  • Weekend Video: A Bill Maher Debate About The Climate
  • Weekend Video: Sweet Winds
  • Weekend Video: This Is Not Natural
  • THE DAY BEFORE THAT

  • FRIDAY WORLD HEADLINE-The Chocolate-Climate Change Connection
  • FRIDAY WORLD HEADLINE-The New Energy Future Is Within Reach
  • FRIDAY WORLD HEADLINE-The World Is Turning Off Nuclear Power
  • FRIDAY WORLD HEADLINE-European Ocean Wind’s ‘Apollo Moon Landing’
  • AND THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT THURSDAY, September 14:

  • TTTA Thursday-Think Like A Planet
  • TTTA Thursday-Illinois Moves To Join Community Solar Boom
  • TTTA Thursday-Grid Rules Need To Boost Battery Storage’s Stacked Values
  • TTTA Thursday-New Energy Delivering Big In Midwest Economy
  • THE LAST DAY UP HERE

  • ORIGINAL REPORTING: Record low prices allow wind’s boom to go national
  • ORIGINAL REPORTING: MA delivers a landmark replacement for net metering
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    Founding Editor Herman K. Trabish

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    Research Associate and Contributing Editor Jessica R. Wunder

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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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  • ---------------
  • TODAY AT NewEnergyNews, September 20:

  • ORIGINAL REPORTING: Is 100% renewable energy the best goal to cut power sector emissions?
  • ORIGINAL REPORTING: Have California's efforts to value distributed resources hit a roadblock?

    Monday, October 19, 2015

    QUICK NEWS, October 19: BIG BIZ WANTS CLIMATE ACTION; WIND’S FIGHT HEATS UP; HOW LOW WILL SOLAR GO?

    BIG BIZ WANTS CLIMATE ACTION Global companies sign White House pledge on climate change action

    Demetri Sevastopulo and Barney Jopson, October 19, 2015 (Financial Times)

    “Johnson & Johnson, Procter & Gamble, Nike and Ikea are among dozens of global companies that have signed a White House-sponsored pledge to take more aggressive action on climate change, as part of a broad push by President Barack Obama to corral corporate support for a global climate deal this year in Paris…68 companies have joined the 13 original signatories to the so-called American Business Act on Climate Change Pledge…[L]arge oil and gas companies such as ExxonMobil and Chevron were notably absent…Mr Obama hopes that support from companies with a combined market capitalisation of more than $5tn will boost the chances that the delegates from almost 200 countries can reach a climate accord in Paris. He also plans to use the pledges to craft a legacy on climate change during his final 15 months in office…” click here for more

    WIND’S FIGHT HEATS UP Wind industry betting on PTC extension

    Michael Copley, October 15, 2015 SNL

    “Wind companies are continuing to plan projects that rely on the federal production tax credit…even though the incentive expired at the end of 2014 and there is uncertainty whether Congress will reinstate it…[T]he industry seems to have worked through the pipeline of projects that were rushed into development in order to qualify for the production tax credit's safe harbor provision, and…[companies have new deals ready to go if Congress reinstates the subsidy…If developers are betting wrong, they will have to mothball projects…But if they do not take the gamble, [they fall behind their competition]….That calculation illustrates the pressure industry lobbyists are under to win over lawmakers who have started challenging tax policy that historically has had bipartisan support…The Senate Finance Committee in July voted to reinstate the PTC, which credits developers $23 per MWh that a wind farm generates, as part of a larger tax-extenders bill. However, House Republicans would rather select a few of the expired tax breaks and make them permanent. The production tax credit has not been one of them…” click here for more

    HOW LOW WILL SOLAR GO? Austin City council ups solar procurement to 450MW

    John Parnell, 16 October 2015 PV Tech

    “The council of Austin, Texas voted to up its solar procurement plans to 450MW…[by the end of 2019 and its utility, Austin Energy,] is eyeing post-investment tax credit (ITC) savings by owning its solar assets itself…Documents from the meeting put the annual cost of procuring up to 650MW at US$44 million valuing the 25-year power purchase agreements at US$1.1 billion. Up to 450MW has been costed at US$17 million a year and US$425 million in total...Concerns over the impact on energy bills resulted in a 1% increase cap on consumer bills…A presentation by Austin Energy also dismissed the impact of the ITC's step-down from 30 to 10% at the end of 2016…The company said it had been offered power from post-ITC cut projects for less than 2% more than the cost of pre-2016 projects…[which plant ownership would offset] with lower build costs.” click here for more

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