QUICK NEWS, September 10: MONEY COMING BACK TO SOLAR MANUFACTURING; GERMAN INSURANCE FUND BUYS MORE NEW ENERGY; NEW ENGLAND CARBON MARKET AT 5 YEARS

MONEY COMING BACK TO SOLAR MANUFACTURING No Need to Rob the Banks, Upstream PV Revenues are Set to Rebound

Michael Barker, August 30, 2013 (SolarBuzz)

“…[I]t is intriguing that, given the new reality of PV manufacturing with highly automated fabs, governments concerned about ‘job creation’ would ignore the billions of dollars and hundreds of thousands of engineering, construction, and installation jobs that go into the downstream of the PV industry…[P]olicy makers can appear to be somewhat negligent, often resulting in outright antagonism to downstream market development…[T]he bright spot is that an industry-wide supply/demand balance, sometimes in spite of trade investigations, is now starting to emerge. While still below previous highs, this is leading to increased revenues and a return to higher margins…[A]s this balancing continues, it is likely that a more equal revenue split will emerge between upstream and downstream players…” click here for more

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GERMAN INSURANCE FUND BUYS MORE NEW ENERGY Allianz continues wind acquisition strategy

James Quilter, 6 September 2013 (Windpower Monthly)

“Allianz Capital Partners (ACP), the alternative investment arm of the German insurance giant, has taken its wind portfolio beyond 1GW with the acquisition of [the ten turbine, 20MW Haut Chemin project in France from Eole-RES…scheduled to come online in the summer of 2014…The acquisitions have taken Allianz's investment in renewables to around EUR 2 billion, and its portfolio now includes more than 40 wind farms in Germany, France, Italy and Sweden…” click here for more

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NEW ENGLAND CARBON MARKET AT FIVE YEARS 21st Auction Marks Five Years of Success for RGGI; CO2 Allowances Sold at $2.67

September 6, 2013 (Regional Greenhouse Gas Initiative)

"The nine Northeastern and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative (RGGI), the nation’s first market-based regulatory program to reduce greenhouse gas pollution, …[sold 38,409,043 CO2 allowances at a clearing price of $2.67 in its 21st auction, marking its fifth year of trading]. Allowances sold represent 100 percent of the allowances offered for sale by the nine states. Bids for the CO2 allowances ranged from $1.98 to $12.85 per allowance…The auction generated $102.5 million for reinvestment by the RGGI states in a variety of consumer benefit initiatives, including energy efficiency, renewable energy, direct bill assistance, and greenhouse gas abatement programs. Cumulative proceeds from all RGGI CO2 allowance auctions currently total $1.4 billion dollars…” click here for more

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