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  • GREEN DEALS: Milestone elation | Business Spectator
    Tuesday trading session faded a little overnight however with the shares giving up 8 per cent on profit taking and a few concerns from analysts that its forecasts may be too optimistic First to earnings and First Solar expects net sales of 3 8 billion to 4 billion in 2013 well above average Wall Street analyst expectations of around 3 1 billion The company is also expecting to drastically bring down the cost per watt helping strained margins in the wake of sharp falls in the price of solar First Solar forecasts a cost per watt of between 63 and 66 cents in 2013 dropping to 53 to 54 cents next year and around 40 cents by 2017 The news gets better with its announcement of an efficiency world record in cadmium telluride solar technology The company said it has achieved 16 1 per cent total area module efficiency in tests confirmed by the US Department of Energy s National Renewable Energy Laboratory Finally the company confirmed the acquisition of Silicon Valley start up Tetrasun for an undisclosed sum It will begin commercial manufacturing of Tertasun s high efficiency crystalline silicon technology in the middle of next year with the move diversifying its solar technology options It has long been a champion of cadmium telluride technology while many of its main competitors have focussed on crystalline silicon The move will allow First Solar a greater avenue into the rooftop solar sector which it largely avoids at the moment instead focussing on utility scale developments Red Sky Energy Red Sky Energy is confident it can have a 4 4 million 2 5 MW solar project in development in Dubbo by the middle of next year The project has development approval and the potential to be expanded to as much as 12 MW Upon its completion nine months after the first module is installed in the middle of 2014 the company will look to offload 65 per cent to individual sophisticated investors The project was formerly in the hands of Soleir which was acquired by Red Sky in November last year Hydro Tasmania Hydro Tasmania and Chinese energy company Shenhua have signed a strategic cooperation agreement which should see the further collaboration on wind farms The company have already teamed on two wind farms in Tasmania Woolnorth and Musselroe This latest agreement could see as much as 700 MW installed by 2020 with investment of around 1 6 billion If you look at Woolnorth and Musselroe the two of those add up to 308 megawatts so we d be looking at adding 700 to that Hydro Tasmania chief executive Roy Adair told the ABC We d be looking at trebling the size of what we currently have Geodynamics Geodynamics and JV partner Kentor Energy have released the inferred geothermal resource assessment for their project in the Solomon Islands with the potential to supply the entire power requirement of the capital city of the Solomon Islands Honiara The median initial inferred resource of

    Original URL path: http://www.businessspectator.com.au/article/2013/4/11/green-deals/green-deals-milestone-elation (2014-01-13)
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  • GREEN DEALS: Australia’s geothermal milestone | Business Spectator
    first Enhanced Geothermal System EGS derived power in Australia Geodynamics chief executive Geoff Ward said We anticipate building on the good results achieved in the first two open flow tests and the major stimulation test already undertaken at Habanero 4 through additional open flow testing and closed loop testing we will undertake during the demonstration trial The good news story came just days after the company announced major backer Origin Energy had quit its joint venture arrangement That too was a long time coming after Origin first opted out of the work program last year before then deciding not to fund its joint venture share of the Habanero 4 well Origin is heavily focused on its gas resources off the coast of Queensland and any costs outside this are receiving heavy scrutiny right now The bottom line for Origin is that it sees geothermal playing no significant role in meeting the 2020 renewable energy target and as such sees little value in funding its development while it has major costs to cover in gas development Incidentally its endeavours on this front received a blow this week Origin s withdrawal from what is referred to as the Innamincka Deeps and Innamincka Shallows Joint Ventures will be effective from the end of the 2012 13 financial year six years after they were formed Investors reacted positively with Geodynamics share price up over 25 per cent since the commissioning announcement on Wednesday It had however lost close to 15 per cent on the news of Origin s exit last Thursday and remains 10 per cent off where it started the year At 10 cents a share the company is also a long way from its high of more than 2 back in 2007 Ceres wind farm The 1 3 billion Ceres project has received a setback after the local council voted unanimously against approving the development in its submission to the state government The project is currently before the South Australian Development Assessment Commission with a decision from them forthcoming later this year some time after receiving submissions by the due date of April 18 In the meantime the District Council of Yorke Peninsula has said it does not support the project in its current form and while the council s vote is not a hammer blow to the project it certainly doesn t help The final decision however rests in the hands of the state government A spokesperson for developer REpower Australia informed Climate Spectator that it was business as usual for the development with the company still hopeful it will receive approval around the middle of the year from the state It then plans to reach financial close before year s end The issues raised by the council were conditions precedent and REpower said it was confident it could allay the concerns raised If constructed now it would be the largest wind farm in Australia with 199 turbines and a generating capacity of up to 600 MW AGL Energy There has

    Original URL path: http://www.businessspectator.com.au/article/2013/4/4/green-deals/green-deals-australia%E2%80%99s-geothermal-milestone (2014-01-13)
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  • GREEN DEALS: Fluctuating fortunes | Business Spectator
    to offload a stake of the Boco Rock wind farm according to a Wall Street Journal report A buyer for at least 50 per cent of the project has been sought since late last year and according to the report a shortlist has been drawn up ahead of a decision late next month Among those reportedly on the shortlist are China Longyuan Power Group and Thailand s Electricity Generating PCL Boco Rock in southeast NSW is expected to house 67 turbines in phase one and has planning approval for a further 65 more Origin Energy Not a deal per se but rather the lack of one in the near future Origin Energy boss Grant King has provided an interesting to say the least chart of Origin s projections for wind build through to 2020 For some reason its focus on gas perhaps Origin is expecting no new wind build in 2016 with record amounts to follow in 2017 through 2020 wysiwyg field wf deltas 0 wf field field wysiwyg media wf formatter aibm ui media output wf settings style full width wf cache 1364268924 wf entity id 425566 wf entity type node It means those companies looking for a power purchase agreement with Origin might have to wait a bit longer It s a clear stalling exercise from Origin ahead of a likely change of government later this year The company is then hoping the Coalition upon another review of the renewable energy target likely in 2014 although legislation is on the way to extend this out to 2016 will happily scale back the target The RET will look a lot harder to achieve if the likes of EnergyAustralia and Origin Energy are unwilling to commit to new wind farms prior to 2014 meaning any review might help them get their way EnergyAustralia Speaking of EnergyAustralia formerly TRUenergy and the electricity retailer has seen the departure of its chief information officer on the back of some significant integration problems according to The Australian The report suggests difficulties in integration from when TRU took over EnergyAustralia have cost in the hundreds of millions with some staff allegedly so fed up they ve written to head office in China King Island wind farm There is reason to doubt the prospect of Hydro Tasmania s King Island wind farm proposal leading to development after the timetable was pushed back The massive by anyone s standards 600 MW 2 billion project hinges on community approval and given the consultation period has just been lengthened this must be a worry Hydro Tasmania was hoping to progress to a full feasibility study in the first few months of this year but has delayed that while it works to appease community concerns Bosch Manufacturing conglomerate Bosch has exited the troubled solar manufacturing sector after recording billions in losses The German giant entered the sector at the worst possible time the peak in 2008 when valuations had skyrocketed Bosch created its solar division on the back of majority

    Original URL path: http://www.businessspectator.com.au/article/2013/3/26/green-deals/green-deals-fluctuating-fortunes (2014-01-13)
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  • Green Deals | Business Spectator
    disaster for Britain Technology NBN Buzz Mobility BYOD Smart Devices Emerging Tech Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Green Deals GREEN DEALS Too big to fail There are contradictory rumours of a Suntech sale and involuntary bankruptcy Fact is it s in trouble Meanwhile Meridian and Infigen progress their retail moves and Panax Geothermal hits another hurdle by Daniel Palmer 11 12am March 15 GREEN DEALS Wind shift solar sale Ownership changes could be on the cards for some of Australia s largest wind farms while True Value Solar falls completely into the hands of its major backer by Daniel Palmer 4 06pm March 08 GREEN DEALS Musk s triumphs and tribulations Tesla s first quarterly profit is closer than forecast despite a 100 million review GE looks to boost its Australian wind focus an Aussie solar firm may be on the cusp of collapse and two proposed wind farms run into trouble by Daniel Palmer 4 05pm March 08 Arctic nations oil spill plans too vague environmentalists by Environment Correspondent Alister Doyle 3 05pm February 04 Arctic nations oil spill plans too vague environmentalists by Environment Correspondent Alister Doyle 3 02pm February 04 BlackBerry searching high and low in India Indonesia by Devidutta Tripathy and Andjarsari Paramaditha 8 04am February 04 German Economy Minister attacks power prices plan report 1 01am February 04

    Original URL path: http://www.businessspectator.com.au/climate/green-deals?page=1 (2014-01-13)
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  • Green Deals | Business Spectator
    per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Green Deals Field narrows for brown coal cash grants Further detail revealed on 90m brown coal technology grant program 11 49am January 07 2 comments Pacific Hydro to appoint new CEO Renewables provider to replace long serving chief Rob Grant in new year 11 50am October 10 Geodynamics in KUth Energy bid Hot rocks developer buys smaller player with assets in Australia Vanuatu 8 33am September 19 AGL ERM and China player firm for MacGen bid Report says trio will be among shortlist to make initial bid for state power utility 10 20am September 06 AGL ERM and China player firm for MacGen bid Report says trio will be among shortlist to make initial bid for state power utility 10 19am September 06 Geodynamics optimistic after writedown Geothermal energy producer optimistic on power source despite 88m Cooper Basin impairment 4 26pm September 03 US car share firm raises funding Local Motion raises 6 million adds Steven Sinofsky to board 7 43am August 29 100 renewables The King Island example The array of clean energy trials conducted down in King Island are showing the potential for a 100 per cent renewables future by Laurie Guevara Stone 8 37am August 09 4 comments GREEN DEALS CBD gridlock CBD Energy has seen a merger with Westinghouse Solar go up in smoke but it has more pressing issues Elsewhere AGL nears a big solar announcement Geodynamics toasts a good news month and King Island hits 100 renewables by Daniel Palmer 8 53am July 26 GREEN DEALS Sunshine State s solar statement The Sunshine Coast unveils plans for a major solar development geothermal group Petratherm moves into shale CBD Energy shareholders have a nervous wait and a new NSW wind farm seeks planning approval by Daniel Palmer 10 41am July 19 3 comments GREEN DEALS Silverton stoppage Silverton wind farm decision delayed a year CBD has a big announcement ahead Dyesol reaches a new solar record the Royalla solar farm could double in size and what s the thinking behind the CEFC s Macarthur loan by Daniel Palmer 10 35am July 12 2 comments GREEN DEALS King win The King Island wind farm moves to the feasibility study stage Silex takes a big stride forward in Mildura and there s progress at a couple of wind farms in New South Wales by Daniel Palmer 10 41am June 25 GREEN DEALS Yallourn s rain check Heavy rain has once again impacted the Yallourn coal mine the first CEFC investment may have been identified Waterloo

    Original URL path: http://www.businessspectator.com.au/climate/green-deals?destination=taxonomy/term/3360 (2014-01-13)
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  • Senators look to revive US climate debate | Business Spectator
    again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Senators look to revive US climate debate 10 Jan 11 44 AM Climate Policy Politics Democratic duo to launch task force to put issue back on agenda You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Reuters Two of the U S Senate s biggest environmental boosters have launched a drive to revive the issue of climate change in Congress and defend President Barack Obama s climate action plan against opposition from Republicans Democratic senators Barbara Boxer of California and Sheldon Whitehouse of Rhode Island told reporters on Thursday they would launch a new climate action task force with more than a dozen members and the full support of Senate Majority Leader Harry Reid The task force is likely to introduce a number of small scale bills and will push for increased discussion on climate topics in the full Senate The task force will also consult with officials at the White House including John Podesta the president s newly appointed adviser specializing in energy and environmental matters The purpose is to use the bully pulpit of our Senate offices to achieve that wakeup call Boxer told reporters during a meeting in her office We believe that climate change is a catastrophe that s unfolding before our eyes and we want Congress to take off the blindfolds In recent years Boxer who chairs the Senate Committee on Environment and Public Works spearheaded a few failed attempts to pass legislation that would put a price on carbon emissions by establishing an economy wide cap and trade system While she and Whitehouse said that is still at the top of their wish list they know they do not have the votes to achieve that goal in a bitterly divided Congress Among the smaller scale bills being mulled is one to protect the government s renewable fuel standard proposal and one to improve energy efficiency in federal buildings she said Although the task force whose members will be announced at an event on Tuesday will be on the offensive Boxer said they will also

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/policy-politics/senators-look-revive-us-climate-debate (2014-01-13)
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  • China approves massive new coal capacity | Business Spectator
    by Reuters the National Development and Reform Commission NDRC China s top planning authority approved the construction of 15 new large scale coal mines with 101 3 million tonnes of annual capacity in 2013 Given that China s total energy consumption is still growing along with the economy then coal production will continue to grow said Helen Lau senior commodities analyst with UOB Kay Hian in Hong Kong While China is trying to foster consumption from other sources like hydro and nuclear we expect actual coal production to grow 2 3 per cent a year in the next five years Chinese coal production of 3 66 billion tonnes at the end of 2012 already accounts for nearly half the global total according to official data The figure dwarves production rates of just over 1 billion tonnes each in Europe and the United States Much of China s new capacity is in regions like Inner Mongolia and Shaanxi reflecting a strategy to close small mines in marginal locations like Beijing and consolidate output in a series of huge coal industry bases that will deliver thermal power to markets via the grid While expanding output at such bases China has shut more than 300 million tonnes of old capacity in the last decade but critics say new mines are rapidly outpacing closures and the policy merely shifts China s environmental problems elsewhere Despite the climate change pressure water resource scarcity and other environmental problems the coal industry is still expanding fast in northwest China said Deng Ping a campaigner with environmental group Greenpeace in Beijing The scale of these coal bases has been rarely seen in other places in the world with open cast coal mines coal power plants and coal chemical plants all combined together The new projects involved a total investment of 54 1 billion yuan US8 9 billion In 2012 the administration approved just four coal projects with 16 6 million tonnes of annual capacity and a total investment of 7 8 billion yuan The list of approvals does not cover all mines launched in 2013 with many smaller projects under the purview of local authorities and not the central government According to rules issued in December coal mines producing more than 1 2 million tonnes per year need Beijing s go ahead while local governments can approve the rest It takes the NDRC months to announce new mine approvals so other projects may have been passed in the fourth quarter One 46 million tonne mine was approved in December but the NDRC has yet to publish details An NDRC spokesman was not available to comment Tackling smog With major cities hit by smog last year the government has promised to ease its dependence on coal a major source of air soil and water pollution as well as climate warming emissions It has issued guidelines to restrict mining in residential areas improve quality and reduce overcapacity But coal is cheaper than all the alternatives and China is the world

    Original URL path: http://www.businessspectator.com.au/news/2014/1/8/policy-politics/china-approves-massive-new-coal-capacity (2014-01-13)
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  • Australia failing the light bulb test | Business Spectator
    Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Australia failing the light bulb test 8 Jan 10 45 AM Climate Policy Politics Smart Energy Swathe of unregistered lamps undermining lighting energy efficiency standards You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter An audit report from Australia s green energy regulator has found about a quarter of light globes sold in the country are not compliant with energy efficiency regulations The Greenhouse and Energy Minimum Standards Regulator GEMS found 27 per cent of incandescent lamps and 22 per cent of compact fluorescent lamps were unregistered and therefore not compliant with lighting regulations A smaller proportion of linear fluorescent lamps 16 per cent were unregistered despite that type of lamp having been regulated since 2004 Overall 77 per cent of lamps met the requirement under GEMS legislation to be registered The survey examined lamps displayed in 60 stores in Sydney Adelaide and Melbourne and involved the individual inspection of 1203 lamps offered for sale in those

    Original URL path: http://www.businessspectator.com.au/news/2014/1/8/policy-politics/australia-failing-light-bulb-test (2014-01-13)
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