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Why Fracking May Support Renewables

Hydraulic fracturing, or fracking, is shunned by the environmentalists that laud renewable energy sources. However, by not supporting both initiatives, they may be working at cross purposes. Natural gas, booming largely because of fracking, complements renewable energies on the grid. The two seemingly opposite technologies are, for the moment, inextricably linked.




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Summers’ Law Strikes Again

Lawrence Summers famously wrote, “there are idiots, look around” in an attack on the theory that markets are rational. What some have called “Summers’ Law” certainly applies to the markets’ response to the slide in the price of oil as it relates to stocks of renewable energy companies.




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Carbon Market Overhaul Closer After EU Lawmakers Approve Plan

European Union negotiators are endorsing an accelerated overhaul of the bloc’s carbon market after the price of emission rights fell to levels that fail to deter polluters.





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Germany's Powerhouse Feels Pinch of Merkel’s Shift to Renewables

North Rhine-Westphalia, the German state that’s home to utilities RWE AG and EON SE, is losing its standing as the country’s powerhouse as wind and solar energy begin to displace conventional sources.

Electricity consumers in the western state, which has one-third of Germany’s installed conventional power capacity, last year paid 3.1 billion euros ($3.5 billion) more to subsidize clean energy generation than producers there were awarded, the BDEW utility lobby said in a report Tuesday. The biggest recipient was Brandenburg in the east with a positive balance of 838 million euros.

 

 





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What Drives Alternative Energy Stocks?

Alternative energy became a serious market player after the turn of the millennium. Since that time, solar, wind, smart grid and other alternative energy stocks have experienced both strong up and down trends. The forces at work driving these markets are complex, counterintuitive, and sometimes mysterious. This article looks at what has been driving the price of alternative energy markets, and as a result, alternative energy company stocks.




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Canada Announces Weak Climate Target

Last week, Canada has announced its contribution to the global effort to reduce greenhouse gases by announcing its post-2020 target. The target announced today is off-track to the 80 percent cut by 2050 they committed to in 2009 and significantly higher than the U.S. target. They also announced a series of new measures, but failed to address their largest source of growing emissions — tar sands.




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Managing the Risks of Renewable Energy Projects in Developing Countries

Driven by rapid expansion in developing countries, renewables are becoming a significant source of the world’s power.  According to the United Nations Environmental Programme’s (UNEP) 9th “Global Trends in Renewable Energy Investment 2015,” investment in developing countries was up 36 percent in 2014, totaling $131.3 billion.





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EU Raises Concern That UK, France Won't Meet Renewables Goal

The European Commission raised concern that the U.K. and France may not meet their 2020 renewable energy targets, saying the two countries should examine whether they’re doing enough to reach the goals.




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Where Coal Was King, Pope's Climate Warning Faces a Tricky Sell

In West Virginia, where workers have harvested coal seams for centuries, Pope Francis’ new warning about the risks of fossil fuels will find skepticism even among the faithful.




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Wave Energy Week Will Mix Marine Energy Developers with Traditional Hydropower

Oregon Gov. Kate Brown, Democrat, has proclaimed “July 13-17, 2015 to be Oregon Wave Week in Oregon and encourages all Oregonians to join in this observance.”

 




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Mid-Year Celebrations: Fireworks, A World Cup, And Clean Energy Momentum

This month alone, we Americans celebrated our nation’s birthday, capped off perfectly by the USA women’s soccer team’s sensational 5-2 victory in the World Cup final. As we hit the halfway point of 2015, the clean-energy industry also has much to celebrate, much of it in the month of June alone and much of it financial.




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Climate Talks Nearing Consensus in Behind-the-Scenes Meetings

Publicly, the United Nations climate-change talks look mired in disputes over everything from money to the length of the proposed agreement.




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Listen Up: Vampires Sucking Power from your House

Here’s a nightmare for you: at night, when you’re asleep and you think things are quiet, there are vampires sucking power out of your house and increasing your electric bill. The fact of the matter is that every plugged in electrical device in your home uses a small amount of standby power -- even if you think these devices are off.




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Makai Builds Ocean Thermal-Energy Demo Plant With U.S. Navy

Makai Ocean Engineering Inc. has built an ocean thermal-energy conversion demonstration plant in Hawaii.




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World Bank makes US$390 million loan Pakistan's Tarbela hydroelectric plant extension

The World Bank has approved US$390 million in additional financing to be used by Pakistan's Water and Power Development Authority for extensions of its Tarbela hydroelectric plant.




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Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




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Marubeni Begins Geothermal Survey in Japanese National Park

Marubeni Corp. began a geothermal survey of Daisetsuzan National Park on the northern island of Hokkaido that will continue through February in the hopes Japan will discover more clean-energy sources.




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Reykjavik Geothermal Agrees to Build 1,000 Megawatts in Ethiopia

Reykjavik Geothermal, the Icelandic company that’s helped build power plants in more than 30 countries, agreed to develop as much as 1,000 megawatts of projects in Ethiopia over the next 10 years.




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The Viability of Germany’s Energiewende: Mark Jacobson Answers 3 Questions

To those in the climate change field the name Mark Z. Jacobson needs no introduction. The director of the Atmosphere and Energy Program at Stanford University is credited with having written the book on computer modeling for atmospheric changes, as well as being a recognized expert in the impacts of energy production and a staunch supporter of renewables.




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Capturing Geothermal Opportunity Amidst a Transitioning Market

“I can remember as a young man driving from Carson City to Reno for the first time and I saw this steam coming out of the ground,” Nevada Senator Harry Reid told the geothermal industry last week. Although the congressman was in Washington DC trying to prevent a government shutdown, as his representative Vinny Spotleson reminded the audience, he and Senator Dean Heller both conveyed their support and appreciation of geothermal via video remarks at the opening plenary session of the GRC Annual Meeting and GEA Geothermal Energy Expo in Las Vegas.




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International Geothermal Industry Developing Strong Partnerships, Robust Market

This year’s Geothermal Energy Association (GEA)’s Geothermal Energy Expo and Geothermal Resources Council’s Annual Meeting incorporated a wide range of meetings on international development. U.S. interest in exporting geothermal goods and services is ever-increasingly met with outside interest in U.S. knowledge and materials, particularly from developing countries.




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Germany Seeks Renewable Energy Reform as Households Pay Record Green Surcharge

Germany’s power grid operators boosted the surcharge consumers pay for renewable energy by 18 percent to a record, adding to pressure on Chancellor Angela Merkel’s government to act against rising electricity bills.




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Forty Years Post-Oil Embargo: How Does the Energy Landscape Look?

October 17 marks the 40th anniversary of the start of the 1973 Arab Oil Embargo — an event that arguably launched the United States' ongoing pursuit of a national energy policy.




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Six Weeks, Twelve Clean Energy Stocks

It's been a busy six weeks since I last updated readers on the news events driving my Ten Clean Energy Stocks for 2013 and six alternative picks. I looked into the performance of the portfolio as a whole at the start of the month, along with some comments about the four renewable energy developers. I thought at the time we might be seeing a bottom for these beleaguered stocks, but if I was right, we have yet to see the upturn. Nevertheless, the fundamental factors I discussed are still in place.




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Shocked into Pursuing Renewables: What Will Jolt Us Next?

Historical events have a way of jolting us – again and again and again – into the reminder that energy plays a big role in our well-being.




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Four Green Dividend Stocks that IPO'd In 2013

Canada’s stock exchanges have long had the lead as the place for energy infrastructure companies to list. This includes green energy, as well as the fossil fueled sort. Because Canada’s reporting rules are somewhat less stringent, and its markets less liquid than those in the U.S., the large number of offerings trade at lower valuations and higher yields than do their (few) U.S.-listed equivalents.




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International Geothermal Market Set for Development Boom but Challenges Remain

What’s the next big opportunity for geothermal? According to panelists at last week's Renewable Energy World North America international geothermal session, it’s emerging markets. Kicking off the two-hour discussion, special guest Agnes Dasewicz of the U.S. Agency for International Development (USAID) explained the Power Africa initiative, which launched in June 2013. USAID is attempting to unlock energy growth in six countries: Kenya, Tanzania, Ghana, Nigeria, Liberia, and — of particular interest to the geothermal crowd — Ethiopia.




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Navigating New Developments in Turkey’s Growing Renewable Energy Market

In February of this year, Turkey’s Energy Minister Taner Yildiz, announced plans to increase the ratio of the country’s renewable energy resources to 30 percent of total energy production by 2023. Over the next ten years The Turkish government is seeking considerable investments to fund projects in wind, solar, hydropower, biomass and geothermal energy, believing a thriving renewable industry to be pivotal to future economic growth. Turkey has already enticed major international investors such as General Electric and Siemens AG; General Electric opened the 22.5-megawatt (MW) Sares wind farm and 10-MW Karadag site, and is scheduled to supply turbines to Fina Enerji Holding AS; Siemens is contracted to supply turbines to a 50-MW wind farm, and the firm expects to be involved in further projects in 2014.




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Earnings Season for Ten Clean Energy Stocks

The third quarter earnings season has been quite eventful for my Ten Clean Energy Stocks for 2013 and six alternative picks model portfolios, so much so that writing about them has taken a back seat to keeping up with the announcements. There were a number of earnings disappointments and earnings announcements which were in line with my expectations but the market treated like disappointments. These resulted in an overall decline of 2.5 percent for the portfolio since the last update, even as my industry benchmarks, the Powershares Wilderhill Clean Energy (PBW) and my small cap benchmark (IWM) were up 1.0 percent and 3.9 percent over the months since October 15th.




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What the Energy Future Looks Like: West Village, University of California at Davis

In the global competition for appealing clean energy solutions, a leading entry is the new West Village at the University of California at Davis (UC Davis), which today celebrated significant progress toward its goal of becoming the largest planned “zero-net energy” community in the United States.




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Is Geothermal the Only Baseload Power Replacement that Makes Sense?

There are no plans for new coal plants to be built in the United States. This opens doors for the geothermal industry possibly more than ever before in U.S. history. In an Energy Information Administration (EIA) forecast to 2018, coal was one of the top-cost commissioning technology options; geothermal was one of the lowest.




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Asia Report: Why India's Solar Market Looks Brighter in 2014

India's solar market is on track to be roughly the same in 2013 as it was in 2012, which is surprising given the ~20 percent overall growth projected for global solar demand. But optimism and expectations continue to emerge for India's solar potential.




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Latin America Report: Gauging Mexico's Wind Energy Market

The U.S. market for wind energy is something of a contradiction: it's one of the world's larger markets and fastest growing with its own supply chain, yet it's still heavily reliant upon a production tax credit, which was renewed at the last minute last December (yet late with enough uncertainty to chill many projects in the pipeline), and this time its renewal is even less certain.




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Ten Clean Energy Stocks for 2013: Lessons Learned

As we come into the final stretch of 2013, my annual model portfolio of Ten Clean Energy Stocks for 2013 looks certain to break its five year winning streak of beating its industry benchmark. As of December 6th, the model portfolio's total return has been 19.0 percent, compared to a sunny 56.1 percent for my benchmark, the Powershares Wilderhill Clean Energy (PBW). The broad market, as represented by the Russell 2000, also resoundingly beat my model portfolio, and is up 37.5 percent. My six alternative picks fared even worse than my top ten.




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World Bank Prepares Djibouti’s Geothermal Project for Private Sector Expertise

Developing countries that are interested in geothermal energy may see transformational results by approaching World Bank and other institutions, as Djibouti did. In an interview, the World Bank Djibouti geothermal project team talks about the project investment, lessons from Kenya’s experience, and preparations that are being made for the private sector to take up the next steps.




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Geothermal Energy 2013 Year-in-Review: An Awakening Global Market

As the thousands of people in the geothermal energy industry wrap up an exciting and challenging year, they are united by some recurring themes. Investigative geologists, problem-solving engineers, and pioneering international business leaders are some of the players who worked this year to bring together the heat of the Earth with the cities, customers, and other industries that need its unique environmental and economic benefits.




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Renewable Year-end Focus: Turkey

As the renewable energy market shifts and evolves each year, industry experts need to know where the next hot region will be in order to keep up with the changing tides.




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Top US Clean Energy and Climate Breakthroughs in 2013

The United States broke one record after another for extreme weather in 2013. From deadly floods in Colorado to prolonged drought across the Southwest, Americans saw what unchecked climate change can do to our communities. But we also witnessed another kind of powerful force: real and positive climate action.




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Cameron Tells EU Renewables Goal May Cost UK 9 Billion Pounds

Prime Minister David Cameron urged the European Commission to reject calls for a renewable energy target, saying such a plan may cost U.K. consumers 9 billion pounds ($14.8 billion) a year by 2030.




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Renewable Energy Loses Out in Europe's "Lame-Duck" Climate Plan

Wind and solar power producers say they're at risk of losing investment after the European Union's executive arm scrapped proposals for a mandatory target on renewable energy use in 2030.




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Citi Sees Capital Markets Reviving Renewables as Banks Bow Out

Renewable energy companies will derive more of their funding from bond markets as banks curb lending to the industry, Citigroup Inc.’s head of environmental finance said.




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Musk Says Renewable Energy Shift to Bring ‘Strife’ for Utilities

Tesla Motors Inc. Chief Executive Officer Elon Musk said shifting to greater use of solar and wind power will challenge utility companies.




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Energy Price Concerns Resonate in EU Talks on 2030 Climate Goals

The European Union should ensure that future climate and energy policies do not undermine the competitiveness of its industry, already weakened by a price gap with the U.S., the bloc’s member states said.




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Reykjavik to Start Drilling on $2 Billion Ethiopia Geothermal Project

Reykjavik Geothermal, the Icelandic power-plant builder, plans to begin drilling in Ethiopia by July as part of a $2 billion project to develop the renewable energy source, Chief Operating Officer Gunnar Orn Gunnarsson said.




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Will UK Carbon Emission Rules Lead to Energy Shortages?

The U.K. risks power shortages because utilities may react to Europe’s toughest carbon emissions rules by closing plants without replacing them.




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Germany’s $2.8 Billion Power Link With Norway Threatened

Talks between Germany and Norway about how to boost the trading of electricity from renewable sources are being held up by concerns that the power cable running under the North Sea won’t ever make money.




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UK Renewable Electricity Generation Rose 28 Percent in 2013

U.K. renewable power generation rose 28 percent last year as more wind farms and solar plants came online, the Department of Energy and Climate Change said.