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PG&E Pledges to Keep All Power Purchase Agreements Despite Bankruptcy



Utility Pacific Gasoline & Electrical stated it could honor all current energy buy agreements in a forthcoming plan to reorganize and emerge from chapter.

Whether or not or not legacy energy contracts would survive has been a scorching subject inside energy trade circles for the reason that utility’s function in lethal wildfires despatched the corporate into chapter 11. PG&E has dedicated to energy contracts totalling $42 billion, most of which come from renewable energy crops. Early offers with wind and photo voltaic builders now carry a big premium in comparison with as we speak’s market, so backing out of the contracts held the potential to avoid wasting PG&E billions of {dollars}.

Dropping the contracts would additionally ship a shockwave by way of the renewables trade, notably affecting the renewable vitality models of Consolidated Edison, Berkshire Hathaway and NextEra Power, but additionally threatening California’s legislative mandate to decarbonize the electrical grid.

A courtroom submitting from August 6 means that end result won’t occur. The brand new debtor’s plan would see PG&E increase cash from current shareholders and securitized bonds to pay out wildfire victims, collectors, obligations to staff, and energy buy agreements, all apparently with out elevating electrical energy charges for purchasers, S&P reported.

“We wish to be clear, we won’t suggest to reject these agreements as a part of our plan of reorganization,” PG&E spokesperson Lynsey Paulo informed S&P.

That might put some fears to relaxation, though the plan has not been finalized and will nonetheless change. It additionally leaves open the potential for “voluntary modification” of contracts by the counterparty, which has already occurred.

Recurrent Power took a voluntary pay minimize of 10 % on three photo voltaic tasks, Reuters reported. Hummingbird Power Storage and mNOC took the identical minimize on their vitality storage contracts, a part of the Moss Touchdown portfolio to offer cleaner alternate options to gasoline peaking capability within the South Bay area.

The California Public Utilities Fee authorized the Moss Touchdown portfolio two months earlier than PG&E filed for chapter. Initially, mNOC was speculated to get 10 megawatts/40 megawatt-hours on-line by October 2019, whereas Hummingbird had till December 2020 to construct 75 megawatts/300 megawatt-hours.

Uncertainty round PG&E’s intentions towards its contracts makes it arduous for builders to safe financing and break floor on the brand new tasks. Although a lot of PG&E’s current contracts have been working for years, those who minimize a cope with the utility are nonetheless in improvement. These builders opted to commerce a fraction of their mission worth for certainty that their buyer would settle for it in any respect. The utility expects to avoid wasting $20 million from the 5 renegotiations, Reuters famous.

It stays to be seen whether or not PG&E can shake some extra free change out of its different contracts, or if all the opposite builders will get to maintain them intact.

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China Electric Vehicle Sales — The Light At The End Of The Tunnel? | CleanTechnica




Printed on January 20th, 2020 |
by Jose Pontes

January 20th, 2020 by Jose Pontes 

After some horrible months (-42% in November), the Chinese language plug-in market appears to have lastly bottomed out, falling simply 22% 12 months over 12 months (YoY) in December, to 149,000 models, with each powertrain applied sciences dropping. Totally electrical automobiles (BEVs) suffered much less (solely -17% YoY) than plug-in hybrids (-45%).

A major consequence of the subsidy modifications final summer season is the autumn from grace of plug-in hybrid electrical automobiles (PHEVs). Regardless of the drops within the second half of the 12 months, BEVs nonetheless managed to finish the 12 months with a 13% progress fee, whereas PHEVs went down by 13%.

And the pattern is turning into extra seen each passing month. In December, BEVs represented 86% of registrations, versus the 80% common of 2019, which conveys a powerful message to the gamers on this market: “Go BEV, or Go Dwelling.”

Apparently, the general automotive market additionally appears to be seeing the sunshine on the finish of the tunnel. Though 2019 witnessed the second 12 months in a row of gross sales drops (-10% YoY), one thing unprecedented occurred within the final 30 days — in December, the market solely dropped 1% YoY. So, we may see a return to progress in 2020, which may imply even higher progress views for the native plug-in automobile market.

The truth is, within the midst of this antagonistic atmosphere, December’s plug-in automobile (PEV) share reached a reasonably good 6.8% (5.8% BEV) market share, pulling the 2019 PEV market share to its ultimate results of 5.5% (4.4% for BEVs alone). That’s considerably above the 2018 end result (4.2%). Alternatively, it’s nonetheless properly beneath the 6.3% peak of final June. Possibly we’ll get there once more within the second half of 2020?

Whereas many fashions noticed their gross sales dry up, and even full manufacturers have gone the best way of the dodo, like Hawtai, new fashions are taking up the void. Additionally, the costliest finish of the market continues to thrive, serving to international OEMs to extend market share. On this specific portion of the business (international automakers), Tesla was the winner, with the California-based model taking 4% of the Chinese language plug-in market.

However to be honest, whereas as a person model Tesla was the winner, with virtually 43,000 automobiles registered, automotive teams as a complete, the Volkswagen Group took the trophy, with some 47,000 automobiles registered.

Was this specific race (Finest Promoting Foreigner) in China the opening salvo for an Apple vs. Microsoft–like international rivalry within the foreseeable years? Focus on!

In December, Beijing Auto (BAIC) had a smashing month, with the EU-Sequence sedan scoring 21,963 registrations, a brand new month-to-month file for a single mannequin in China, whereas the smaller EC-Sequence additionally registered a five-digit end result, its first and just one in 2019.

However the shock of the month was the brand new FAW Bestune B30 EV sedan popping out of nowhere to eight,735 models in December. Fleet deal?

Listed below are final month’s prime 5 greatest promoting fashions:

#1 – BAIC EU-Sequence: The electrical sedan took the same old December peak to attain a file efficiency, with the 21,963 models of final month being a brand new month-to-month excessive for a single mannequin in China. The truth is, if we disregard Tesla Mannequin Three performances within the USA, it was the perfect efficiency ever, by any EV, wherever. What’s the secret to its success? A pretty design and specs at an honest value assist (215 hp, 416 km/260 mi NEDC, $32,500), however there should be extra to it than simply specs and an honest worth for the cash…

#2 – BAIC EC-Sequence: Subsequent to the file efficiency of its EU-Sequence sibling the 11,409 models of BAIC’s small EV might sound puny, but it surely was sufficient for a #2 place. It was additionally the primary (and solely) time in 2019 that town EV managed to attain a five-digit quantity. Will the EC-Sequence get better its mojo this 12 months?

#3 – FAW Bestune B30 EV: FAW’s bread and butter electrical sedan was one thing of an underdog, with its gross sales paling subsequent to the class’s greatest sellers. For example, it had bought 3,434 models in the entire 12 months of 2018. Then, out of the blue, the electrical sedan registered a file 8,735 models in December! Little question attributable to a fleet deal or extra, as a result of regardless of an okay design, its specs (33 kWh battery, 80 kW motor) are actually weak for the class. Anticipate this mannequin to proceed to do properly all through 2020 due to fleet offers (taxis, and so forth.), however one factor is definite: FAW, one of many main automotive makers in China, actually wants a shot within the arm with regards to EVs.

#4 – GAC Aion S: The rise and rise of the Aion S continues, because the smooth sedan is bettering its efficiency each passing month, having scored one more file, 8,460 registrations, in December. It reached 4th place final month, its sixth prime 5 spot in a row. And if we added the 1,178 models of the badge-engineered Toyota iA5 EV, which is nothing apart from a Aion S with a Toyota badge, the GAC sedan would have registered 9,638 models, which might place it in third. However again to the Aion S, past its trendy (and aerodynamic — 0.245cd) seems to be, this new mannequin bears some spectacular specs: a 59 kWh CATL NCM 811 battery, 510 km/318 mi NEDC vary, and Stage 2 driving aids, however the actual killer is the worth: Round 180,000 CNY ($26,000) earlier than subsidies!

#5 – Baojun E-Sequence: With the top of subsidies for many small metropolis EVs unable to achieve the minimal 250 km vary, the Baojun E-Sequence gained the lottery. The Shanghai Auto and Basic Motors offspring watched its gross sales leap prior to now few months, successful consecutive podium positions, however final month it was solely fifth, having registered 8,352 models. The entry to the present subsidy, added to its aggressive value (CNY 93,900 / $14,700 earlier than subsidies), makes it an interesting mannequin for carsharing firms, in addition to different kinds of fleets.

2019 Rating

We’ll begin by celebrating the primary greatest vendor trophy of the BAIC EU-Sequence, with a brand new yearly file (111,047 models) because the cherry on prime. The dangerous guess by Beijing Auto — switching its focus from the small EC-Sequence, a two-time greatest vendor (2017 and 2018), to the bigger EU-Sequence sedan — has payed off. It’s virtually like BAIC knew what was forward…

The runner-up spot went to the BYD Yuan EV, which at a given time gave the impression to be a powerful contender for the management place, however then it was hit with a full frontal by the subsidy modifications. The other occurred to the threerd positioned Baojun E-Sequence — because the new guidelines had been applied, gross sales went via the roof, permitting it to leap from obscurity onto the rostrum! Additional, that was the primary podium place for a SAIC mannequin since 2012, when the small Roewe E50 was #3, with 238 models … yeah, that many.

There have been loads of last-minute place modifications, with the Roewe Ei5 recovering some positions and ending the 12 months in 7th, an amazing enchancment over the #15 spot of 2018. It appears Chinese language consumers do like station wagons in spite of everything…

However the Climbers of the Month had been as soon as once more the GAC Aion S, leaping 6 positions to #6, and the Tesla Mannequin Three joined the highest 10, ending 2019 in #8, with the Californian being the primary international nameplate to finish a 12 months within the prime 10.

What’s spectacular relating to these two fashions’ efficiency is that, whereas each ended the 12 months with file performances, each have even larger progress views for 2020. The Aion S is rising quick (it has grown month after month because it landed), whereas its badge-engineered Toyota twin, the iA5, is already in 4 digits (1,178 models) in solely its second month available on the market. So, including each collectively, as they’re principally the identical mannequin, we get 9,638 models in December. So, I presume over 100,000 models gained’t be not possible for the Aion S in 2020, one thing that the Tesla Mannequin Three also needs to be capable to attain, due to the beginning of native manufacturing in Shanghai (the primary 30 Made-In-China models had been delivered in December).

With the BAIC EU-Sequence already at 100,000 models/12 months and SAIC’s Baojun E-Sequence frequently at 8,000-something performances, we may see no less than Four fashions hit the 100,000 mark in 2020 … which might make the highest 5 race in 2020 fairly attention-grabbing, wouldn’t it?

The BAIC EC-Sequence had a supply peak (11,409 models, 12 months greatest) final month, permitting it to leap 6 spots to #13, whereas the MG eZS EV joined the rating within the final month of the 12 months, due to a file 4,714 models, permitting it to be #19 in 2019.

However one other necessary metric for the Shanghai Auto electrical crossover is the habits in abroad markets, with the Sino-British EV scoring near 2,000 models in export markets final month, the perfect end result ever for a China-made EV.

The truth is, this electrical crossover has a number of ready lists to be fulfilled exterior China. In spite of everything, there are already 2,100 orders for it in India, whereas within the UK I heard the attention-grabbing story that days after the worth was introduced within the UK, a number of months in the past, MG representatives had been already asking for extra models from the HQ in China, because the 2019 allocation had already been absolutely booked. It appears demand gained’t be an issue for the MG eZS EV, however we’ve got a query:

Will SAIC have sufficient manufacturing functionality to fulfill demand?


Does the MG crossover have sufficient demand (and manufacturing) to achieve 100,000 models globally in 2020?

With a ruling presence within the Metropolis EV area with the Baojun E-Sequence, and the MG eZS EV succeeding each in home and export markets, SAIC is turning into a fierce rival for each BYD and BAIC, and we may even see it overcome them throughout 2020.

(Basic Motors may revenue from the rise of Shanghai Auto, contemplating the particular relationship it has with it, however for that to occur, GM administration would wish to play its playing cards proper, one thing that it has didn’t do when involves electrical automobiles.)

Talking of Basic Motors, among the many a number of good outcomes exterior the highest 20, the Buick Velite 6, GM’s trendy twin to the Roewe Ei5, had a file month in December, with 1,005 models registered. Will the Buick electrical station wagon lastly begin to promote in vital numbers this 12 months?

Additionally exterior the highest 20, a point out is as a result of ramp up of the Volkswagen e-Lavida, now at 3,872 models. Moreover, the Audi Q2L e-tron registered 1,049 models in solely its second month available on the market. Volkswagen Group is rising…

A ultimate reference goes out to the three,455 models of Dongfeng’s Venucia D60 EV. Will this new electrical sedan change into the maker’s bread and butter EV?

Wanting on the producer rating, BYD (19%) gained its sixth trophy in a row, whereas beneath it, #2 BAIC (14%, up 1%) and #Three SAIC (12%, up 1%) benefitted from robust performances in December to achieve share.

Geely (6%) ended removed from the rostrum, and needed to maintain a detailed eye on GAC (5%) as a way to maintain the market’s 4th place till the top.

Apparently, the rostrum performers have been repeating these very same positions since 2017, however by the look of issues, 2020 will likely be a way more balanced race within the producer rating, with the highest Three makers nearer at the moment than prior to now, and GAC and Tesla (and Volkswagen?) operating as darkish horses.

Cool New Youngsters on the Block

There have been a number of landings final month. Changan launched the X7 EV midsize SUV, which has okay design however common specs (405 km/253 mi NEDC vary, 150 kW motor), and a small minivan (F202 EV). Dongfeng introduced out one other Renault Okay-ZE rebadge, the Fengshen EX1, so the small Renault now has two Chinese language rebadges (Venucia e30 and Fengshen EX1), each from Dongfeng. In case you ask, “Why?!?”, my reply will likely be: “As a result of it’s Dongfeng,” as this specific Chinese language OEM has 17 completely different EV nameplates, a lot of them going after the identical type of clients. … I do know, product planning will not be certainly one of their robust factors.

Again to new fashions, JMC launched a brand new metropolis EV, the E180, with 305 km of NEDC vary, so the maker now has an EV with entry to subsidies. Moreover, Volvo launched the native manufacturing of its S60 PHEV sedan.

Lastly, we welcome a brand new EV-only model, Zedriv:

Two fashions (GC and GX5) of their Three mannequin lineup landed final month. The attention-grabbing GT3 small coupé (260 km NEDC vary, 0–100 km/h in 7.6 secs) is about to return later. Zedriv is aiming for an city viewers in search of low cost n’ stylish transportation, one thing that the GC embodies properly. It should be trying to go after the BAIC EC-Sequence and Ora R1 clients. With an attention-grabbing design and good specs (36 kWh battery, 338 NEDC vary), contemplating the low value ($12,000), the 456 models of December generally is a good signal for the brand new model in a really aggressive area. Will it attain 2,000 models/month? It it does, then Zedriv can breathe and begin to consider enlargement.

As for the GX5, a small crossover being marketed as a extra higher market proposition, the 338 km NEDC vary and a 46 kWh battery go away it behind the class’s greatest fashions (e.g., BYD Yuan EV), which, by the way, are struggling with the brand new market situations (as in, dropped subsidies). So, regardless of its aggressive pricing ($20,000), it would already be good if the GX5 reaches 500 models monthly.

In case you choose gross sales charts with “Others” (all different fashions mixed) included, right here these are:


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Tags: BAIC, BAIC EC-Sequence, BAIC EU-Sequence, BAIC EX-Sequence, BMW, BMW 530LE, BYD, BYD E5, BYD Qin Professional PHEV, BYD S2 EV, BYD Tang PHEV, BYD Yuan, changan, Changan Eado EV, Chery, Chery eQ, China, China EV gross sales, dongfeng, Dongfeng Group, EV gross sales, GAC, GAC Aion S, geely, Geely Emgrand EV, Nice Wall, Nice Wall Ora R1 EV, JAC, JAC iEV E-Sequence, MG eZS EV, MG ZS EV, SAIC, SAIC Baojun E-Sequence EV, SAIC MG eZS EV, SAIC Roewe Ei5 EV, SAIC Roewe Ei6 PHEV, Tesla, Tesla Mannequin 3, Tesla gross sales, Venucia D60 EV, volkswagen, Volkswagen Passat GTE

In regards to the Creator

Jose Pontes All the time within the auto business, notably in electrical automobiles, Jose has been overviewing the gross sales evolution of plug-ins via the EV Gross sales weblog since 2012, permitting him to achieve an professional view on the place EVs are proper now and the place they’re headed sooner or later. The EV Gross sales weblog has change into a go-to supply for folks thinking about electrical automobile gross sales around the globe. Extending that work and experience, Jose is now a associate in EV-Volumes and works with the European Various Fuels Observatory on EV gross sales issues.

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Green Technology

IEA: Energy Transition Possible, But More Expensive, Without Oil & Gas Buy-In



The power transition will likely be cheaper and quicker with the complete help of the oil and gasoline sector, however nationwide oil firms, specifically, are falling behind, the IEA warned in a report compiled with the World Financial Discussion board and introduced at Davos 2020.

For all of the discuss of the power transition, main international oil and gasoline firms invested simply $2.1 billion into photo voltaic, wind, biofuels and carbon seize tasks final 12 months, or a mere 0.eight p.c of their general capital expenditures, in accordance with the IEA..

Complete M&A exercise or different investments into low-carbon firms — similar to minigrid builders, EV infrastructure corporations or power storage suppliers — was below $2 billion final 12 months from main oil firms, the IEA mentioned.

The IEA report echoes the decision final week from the U.Okay. Oil and Gasoline Authority for the trade to speed up its transition or danger dropping their “social license.” 

The oil trade faces “twin threats” within the types of monetary strain and eroding social accepability, the IEA mentioned. “There are already indicators of each, whether or not in monetary markets or within the reflexive antipathy in the direction of fossil fuels that’s more and more seen within the public debate, not less than in components of Europe and North America.”

Step one must be slashing operational emissions, the report says, particularly from methane leaks and flaring. However larger involvement in low-carbon tasks should occur in tandem.

“With their intensive know-how and deep pockets, oil and gasoline firms can play an important position in accelerating deployment of key renewable choices similar to offshore wind, whereas additionally enabling some key capital-intensive clear power applied sciences — similar to carbon seize, utilization and storage and hydrogen — to succeed in maturity,” mentioned the IEA’s govt director Dr Fatih Birol.

“With out the trade’s enter, these applied sciences might merely not obtain the size wanted for them to maneuver the dial on emissions,” Birol warned

European oil majors main the best way

Not all oil firms are shifting on the similar tempo towards decarbonization. Nationwide oil firms, amongst them Saudi Aramco and China Nationwide Petroleum Company, in addition to some owned by buyers, like Exxon, have been gradual to embrace decarbonization. 

In distinction, Shell, a relative chief, has dedicated to spending $2-Three billion a 12 months from 2021 onward, up from its $1-2 billion in the present day.

In November, Shell narrowly misplaced out to Mitsubishi in a €4.1 billion ($4.5 billion) deal for Dutch power provider Eneco. Shopping for Eneco would have smashed Shell’s spending goal for its New Energies division, indicating there’s further headroom for investments if the fitting alternative presents itself.

Europe has seen extra progress and a larger number of low-carbon investments from oil firms in comparison with different components of the world, the IEA says. 

On the subject of renewables tasks, photo voltaic is now the biggest recipient of oil and gasoline funding, taking $1.1 billion final 12 months.

On Monday, French oil main Complete and its JV companion Marubeni emerged because the winners within the tender for an 800-megawatt photo voltaic mission in Qatar. Complete will personal a 19.6 p.c stake within the $500 million mission. A consortium of Qatari state-owned firms will personal 60 p.c and the stability with Marubeni.

In the meantime, BP is now a 50:50 companion within the photo voltaic developer Lightsource BP, which is on observe to develop 10 gigawatts of photo voltaic by the top of 2023. Italy’s Eni has a U.S. photo voltaic partnership with Falck Renewables and can also be engaged on photo voltaic tasks in Australia, Kazakhstan, Tunisia, Angola and extra.

Shell and Equinor have each made sizeable investments in offshore wind and have extra tasks within the pipeline. The pair have additionally made early strikes into floating offshore wind expertise and improvement. The deepwater tasks will lend themselves to the oil and gasoline trade’s technical and engineering expertise.

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Green Technology

Top 5 Pottery Podcasts You Must Follow in 2020



1. MudTalk Podcast | Pottery, Ceramics, Artwork and Enterprise Dialogue

United States About Podcast The MudTalk Podcast shares ideas from all over the world about pottery, ceramics and all issues associated to clay. Hear nice responses a couple of totally different matter each episode. We might love to listen to your ideas about working with clay, operating a enterprise, and residing the clay life. Frequency 1 episode / month Podcast
Fb followers 553 ⋅ Twitter followers 26 ⋅ Instagram Followers 178 ⋅ Area Authority 8

2. Tales of a Purple Clay Rambler | A pottery and ceramic artwork podcast

Farmingdale, New Jersey, United States About Podcast Tales of a Purple Clay Rambler Podcast options weekly interviews with ceramic artists from all over the world. Host Ben Carter talks with potters, sculptors, and designers about their inventive apply. Frequency 2 episodes / month Podcast
Fb followers 5.9K ⋅ Twitter followers 2.5K ⋅ Instagram Followers 35Okay ⋅ Social Engagement 1 ⋅ Area Authority 21

3. The Potters Solid

About Podcast Welcome to The Potters Solid. Right here you will see the present notes, sources, and rather more. Paul Blais is a potter that makes and sells useful pottery. Keep tuned to hearken to the most recent updates. Frequency 2 episodes / week Podcast
Fb followers 1.5K ⋅ Twitter followers 66 ⋅ Instagram Followers 140.3K ⋅ Social Engagement 34 ⋅ Area Authority 29

4. CLAY is a Four letter phrase

California, United States About Podcast A podcast about clay and artwork and life. A celebration of the method of ceramics and all of the failures and life classes discovered by clay and fireplace. Candid conversations about ceramics, pottery, sculpture, artwork and the way that matches into our lives. A have a look at the historic and world perspective of ceramics and the way can we nonetheless make new pots and artwork in our modern society? Most significantly this podcast is about folks and the ceramics group within the 21st century. Frequency 17 episodes / yr Podcast
Fb followers 27 ⋅ Instagram Followers 470 ⋅ Area Authority 74

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