NewEnergyNews: QUICK NEWS, May 31: Climate Change Preparation Shifts Power To Locals; First U.S. Ocean Wind About To Turn On; Potential Geothermal Buy-Ins

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YESTERDAY

  • FRIDAY WORLD HEADLINE-Three Top Takeaways From The Bonn Climate Summit
  • FRIDAY WORLD HEADLINE-Seven Global New Energy Trends
  • FRIDAY WORLD HEADLINE-World’s First Floating Wind Project Goes Online
  • FRIDAY WORLD HEADLINE-VW Commits $11.8BIL EV Spend In China
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, November 16:

  • TTTA Thursday-Big Thumbs Up For Gore’s ‘Inconvenient Sequel’
  • TTTA Thursday- Trends In Global New Energy Through 2040
  • TTTA Thursday-How Wind Energy Learned To Be Better
  • TTTA Thursday-The Secret To See-Through Solar
  • THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: Does New Energy threaten power reliability?
  • ORIGINAL REPORTING: How the Colorado decoupling proposal united Xcel and distributed energy advocates
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: How Distributed Solar Is Cutting Aussie’s Power Costs
  • QUICK NEWS, November 14: Green Roofs To Fight Climate Change; Solar Tariffs Threaten National Security; Unions Back Great Lakes Wind
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: U.S. Solar Is Growing Diversity With Power
  • QUICK NEWS, November 13: Sponge Cities Can Help The Climate Fight; Surf’s Down – Wave Power Travails; Powering Homes With Car Batteries
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  • WEEKEND VIDEOS, November 18-19:

  • Global New Energy To Boom Through 2040
  • The Power Of The Sun
  • World’s First Floating Wind Project

    Tuesday, May 31, 2016

    QUICK NEWS, May 31: Climate Change Preparation Shifts Power To Locals; First U.S. Ocean Wind About To Turn On; Potential Geothermal Buy-Ins

    Climate Change Preparation Shifts Power To Locals Climate Change Is Rewiring Government-Citizen Relationships

    Alec Applebaum, May 30, 2016 (Newsweek)

    “…[Federally funded teams are attempting to learn from [failed urban projects] as they try to protect low-income communities from storm surges and heat waves as the climate continues to change and weather becomes more destructive…To ensure that communities went all-in for [its Rebuild by Design projects started after Hurricane Sandy, the federal Department of Housing and Urban Development] upended the normal infrastructure process: Instead of deciding what to build, municipal governments have to earn federal money by presenting ideas developed in close consultation with civic groups representing coastal communities from Connecticut to New Jersey…When the waters subsided, a coalition of 38 groups—including [Lower East Side] residents’ associations, advocacy groups, resource-rich charities like the Red Cross and corporate sponsors like Whole Foods Market—came together as LES Ready to organize immediate aid and develop long-term plans to better prepare the area for future environmental disasters…This approach is a trend around the world…” click here for more

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    First U.S. Ocean Wind About To Turn On Offshore Wind Arrives in U.S. Waters; By the end of this year, the nation’s first offshore wind farm should begin generating electricity

    Daniel Cusick, May 31, 2016 (ClimateWire via Scientific American)

    “The first offshore wind farm in the [U.S., Deepwater Wind’s 30 MW Block Island project off Rhode Island, will] begin delivering power to Rhode Island’s electricity grid by year’s end, a milestone that could help reshape energy markets from New England to South Florida, experts say…[T]o achieve its full potential, as much as 4 gigawatts of capacity, it will need a major influx of capital and know-how, much of which will come from Europe, where the technology has a 25-year performance record and now accounts for 11 GW of generation capacity on the continent…[Leaders say the] industry should act now to establish the technical, logistical and policy frameworks to build more offshore wind farms…[including] setting up domestic supply chains to serve offshore regions and training a skilled workforce to deploy into the offshore wind environment [that could support hundreds of turbines by 2025]…” click here for more

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    Potential Geothermal Buy-Ins 2 Geothermal Pure Plays At Their Turning Points

    Simple Digressions, May 26, 2016 (Seeking Alpha)

    “…[There are only two pure geothermal plays listed on major exchanges: Polaris Infrastructure (OTCPK:RAMPF) and U.S. Geothermal Inc (NYSEMKT:HTM)…[In 2015, Polaris restructured, reduced] its debt load, issued new shares and changed its management…[It’s one operating plant, San Jacinto in Nicaragua, has a stable] operating revenue of roughly $50 million…[from a contract that] expires in 2029…[The company claims one megawatt of power is equal to $1 million in the annual EBITDA…[U.S. Geothermal operates three [U.S. geothermal plants, two of which are outperforming and one underperforming. The three operating power plants are a source of stable income and cash flows. However, a big part of these earnings and cash flows is utilized by non-controlling interests - earnings and cash flows by Enbridge…and tax credits by Goldman Sachs…[leaving little for] shareholders…Increasing the EBITDA attributable to US Geothermal shareholders from today's $10 million to $16 million could transition US Geothermal into a dividend-paying company…” click here for more

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