Ten clean energy stocks for 2013: first mid-term review

I missed my regular monthly update on my ten clean energy stocks for 2013 model portfolio last month, and many happen in individual companies since. For this reason, I be divided this half-yearly update in two parts. This part will look at the performance of the portfolio as a whole and the reasons why it is lagging the benchmarks. The next part, the performance of specific stocks will look at news.

Since the last update on the 5th of may, my portfolio made progress 3.0 per cent for a 10.5 percent in the first half back. The portfolio continues to however both measured the mass market of small-cap stocks on my scale the iShares Russell 2000 index (IWM) and the outstanding performance of the clean energy stocks, measured on the leading clean energy ETF, the power shares WilderHill clean energy index (PBW) left behind.

IWM inched 2.7 percent total 17.9 percent return, while PBW first half year back scored an extra 13.9 percent total 34.9 percent.

Clean energy boom

Leading clean energy stocks such as Tesla (NASD: TSLA), SolarCity (NASD: SCTY) and other solaren stocks such as first solar (FSLR) have investors attention and production were recently fishing by stellar returns.

The former seem high riding are, because they have put the naysayers in the shadow, through the provision of better than expected. Electric cars such as the Tesla model S may not be big financial investments, but by all reports, they are great cars. The skeptics could could well remind you that much more than total cost of ownership (TCO) of the car purchase is decision. If TCO all car buyers would ever taken into consideration, we would all be driving small business and municipal budget with an SUV would not exist.

The stronger solar stocks such as first solar gains have more to do with the extreme lows, in that in this sector declined in recent years. While excess capacity still threatens the industry has begun to consolidate and module prices, if not increase, have at least finished descent. The company, which is expected to survive the Shake-Out look like are recovered.

Both of these trends have led to a strong rally for clean energy stocks, which as we have not seen since the financial crisis.

Portfolio performance

Along with my model portfolio I also a list of six alternative tips of the clean energy companies, I gladly recorded that, but I do not in the main list contain that, rated because I felt they were not as good as the others. I wanted that readers who were uncomfortable selects ten with one of my top instead these alternatives to replace list. For example my picks are more illiquid, and larger investors would not be able to buy them without the share price too much movement. As well as readers who were not able to buy shares, unwilling or not could the only international trade a nine publicly traded US stock portfolio put together.

The above table shows, what would have been the impact of such replacements, and the performance of its clean energy subsectors (efficiency, efficient and alternative transportation and renewable energy developers) also this account for at least four stocks shows sixteen.

As you can see, a focal point of the most liquid stocks have produced the same half-year return as a model portfolio and a purely domestic portfolio would have performed only slightly better. But as a purely international portfolio quite badly made had driven partially by the 5.6 percent decline of the Canadian dollar: five of six listed shares trade in Canada as Toronto Stock Exchange has a large proportion of clean energy companies all over the world.

The core of the problem was that renewable energy developers: Finavera wind energy (TSX-V: FVR, OTC: FNVRF), Alterra power (TSX: AXY, OTC: MGMXF), US geothermal energy (NYSE: HTM, TSX: GTH), and RAM performance group (TSX: RPG, OTC RAMPF). This group dropped an average 23 percent for the year (including the effects of the declining Canadian dollar), despite a number of positive developments for the individual names. All are trading a a substantial discount to the value of their assets with Alterra and RAM power cash flow positive, and us geothermal profitable on a GAAP basis. Finavera, is now in the possession of its assets for sale and I expect that it the current stock price equal money more than double by the end of next year to have.

A bright spot was the performance of my taking alternative transportation and clean transport. I think less by tailwind of Tesla as individual factors in specific enterprises; I'll have the information in the next part of this update.

Conclusion

I hope that the current has clean energy rally continues. This is the case, I am sure that it will bring my less flashy yet more dust will go out for dinner. On the other hand, if the stock market starts excitement for renewable energy companies continue to spread, perhaps renewable energy developers a bit of fairy dust. I would rather fly and eat a little dust than drown in the mud.

The rally "Falter", or even reverse my picks should relatively better, as they have in the last few years. We hope that this happens not: my last years performance was small consolation for some rather gloomy times in terms of clean energy.

Stay tuned for my summary of the last few months of the individual stock news performance and company.

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Selected New Jersey for the first phase of the offshore wind transmission project

The Atlantic wind connection on 15 January, announced that the New Jersey as the first phase of its multi-year offshore wind power transmission project has been selected. This phase of the project, called the energy link from New Jersey. Selection was based on New Jersey engagement for the development of an offshore wind energy industry and the great potential for clean, renewable energy, which is available from its coastline.

NJ power combining an offshore electrical transmission cables, buried under the ocean, energy resources and connects users in the Northern, southern and Central New Jersey. The cable will span from New Jersey and 3,000 megawatts to carry current. The NJ energy connection will be built in three phases and is expected to be in 2016, with the first phase in the year 2019 commissioned its construction. See press release Atlantic wind.

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First ocean energy delivered to the U.S. network

ORPC of TidGen-power system, in this rendering has begun the makes up to the grid to provide Cobscook Bay (Maine).
Credit: ORPC

The first grid-connected tidal power project in the United States project now supplies electricity to the utility grid of a underwater power system in Cobscook Bay (Maine). Bangor hydro electric company checked on 13 September that electricity generated by an underwater turbine generator to their mains of ocean renewable power of company (ORPC flows) Cobscook Bay tidal energy project. The project is funded by an investment banks as well as private investors technology from $10 million from the Department of energy and the Maine.

The device is called a TidGen to operate in shallow tidal or developed deep river sites at depths of 50 to 100 feet and has a maximum output of 180 kW. This quantity is enough power makes 25 to 30 houses per year. In April of the Maine Public Utilities Commission approved a 20-year power purchase agreement for the ORPC Maine tidal energy project (includes the Cobscook Bay project) with three utilities: Maine central power, Bangor hydro electric company and Maine public service. Two additional TidGen devices at ORPC the Cobscook Bay project Web site be installed, in the autumn of 2013, and together, the three device power system makes enough energy to the 75 to 100 apartments. The devices connect directly with an onshore substation by a single underwater transmission line. Output of EERE network news and the energy, see the Web page of the ORPC press release of May 9, Department water power program site.

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Internal Department review proposal to the first US floating wind turbine

A Statoil Hywind turbine in place offshore. Credit card: Trude Refsahl, Statoil

The US Department of Interior (DOI) announced on 9 August that it will begin to build a proposal, what would be the nation's first floating wind farm check. DOI Bureau of ocean energy management (BOEM) is project forward with an assessment of the Statoil North America Hywind Maine. The planned wind farm is located about 500 meters deep approximately 12 nautical miles off the coast in the water, would a 12-megawatt capacity of four generators for wind turbines. The field the Statoil North America for a commercial wind lease approximately 22 square kilometres includes requested it expected the final Park, has, although the company States to closer to 4 km after determining its impact and wind environmental resources.

BOEM seeks public comments on environmental issues related to the proposed rental, construction and operation activities in the field of offshore by an announcement of the intention of an environmental impact statement prepare. Release a request for interest in the Federal Register is to request a maximum of 60 days of public comments posts of competitive interest rates and additional information about potential environmental impacts and other uses of the proposed lease area open. Accordingly, BOEM intends to prepare a statement that takes into account reasonably foreseeable consequences for the environment with the project Hywind Maine related. See press release of DOI, the Statoil proposal, the BOEM of public comment Web page and the Statoil-Hywind-demo Web site.

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DOI OKs first commercial solar project on Indian trust land

The US Department of Interior (DOI) approved on 21 June a 350-megawatt (MW) solar energy project on tribal trust land the Moapa band (tribe) of the Paiute Indians in Clark County, Nevada. The project is a milestone, as the first solar utility-scale project approved for development on tribal lands. The record of the decision approved the construction, operation and maintenance of a low-impact photovoltaic (PV) system and related infrastructure on 2,000 hectares tribe reservation, 30 miles north of Las Vegas. The project is expected to be about 400 top construction and 15-20 permanent jobs generate.

K road Moapa solar LLC proposed by the project in three phases of each 100-150 megawatts would be built. In addition included for PV Panel array project 500 kilovolt (kV) transmission line components deliver electricity to the power grid and a 12 kV transmission line to the existing Moapa Travel Plaza, after phase 1 is completed. About 12 hectares of U.S. public land managed by the Bureau of land management would be required for the 500 kV transmission lines. The project will finance income for the tribe to generate, create new jobs and opportunities for members and connect the existing root items owned travel Plaza to the electrical grid, reducing the dependence on a diesel-powered generator. In order to minimize and mitigate potential environmental impacts, a Desert tortoise translocation plan, a bird and bat strategy to maintain and weed management plan is implemented, and biologists are natural resources monitoring during all surface disturbing activities perform. See press release of the Interior Department.

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First commercial product meets air conditioning on the roof challenge

The Department of energy announced on 24 may Daikin McQuay rebel roof system of units is the first DOE rooftop unit (RTU) challenge. Five manufacturers - Daikin McQuay, carrier, Lennox, 7AC technologies and Rheem - participate in this challenge, high-efficiency commercial air conditioning systems to market, a DOE-issued specification for to meet the saving of energy and power. If built to meet the specification, these units are expected to reduce energy consumption by as much as 50%, compared to units built to current standards. If the specification meets all 10-20 tons of RTUs companies more than energy costs save $1 billion annually would nationwide. Five companies have until 1 April 2013, a product for which to submit independent evaluation according to the specification.

Manufacturers nationwide have a strong motivation to produce highly energy-efficient air conditioners for commercial buildings. Members in DOE commercial building energy alliances (CBEA), such as target, Wal-Mart, and other participating commercial builders have expressed an interest in the equipment that meets the new energy-efficiency specification at an affordable price. The Department of energy examines potential demo sites for high-performance products that the challenge of RTU and is precise company for a the development of analytical tools, with which the energy estimation and cost savings with high RTUs in their facilities. The specification for the RTU challenge, to promote the launch of low-cost, high-performance commercial RTU air-conditioning systems was developed by DOE technical experts and informed by industry partners. See attention progress the Department of energy and the CBEA website.

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SunShot Shoots for the Moon with First Grand Challenge Event

By Ramamoorthy Ramesh, director SunShot Initiative & Solar Energy Technologies Program

About two years ago, my good friend Arun Majumdar, director of ARPA-E, coined the term "SunShot" in one of our meetings. We decided then that all of the solar program efforts going forward would focus on the common goal of making solar electricity cost-competitive by the end of the decade. Such a goal was incredibly ambitious, so it was fitting that the initiative’s name would be inspired by President Kennedy’s "moon shot" speech that launched NASA's effort to put a man on the moon.

We have been doing everything in our power to reduce energy costs for consumers and to ensure that American innovators and companies can lead the global transition to a clean energy economy. As the price of solar panels has decreased, the solar energy industry in the United States has exploded. Solar installations doubled from 2009 to 2010, and the domestic market grew to $6 billion in 2010.

We now know that SunShot goals are within our reach. By tapping into the best and brightest minds in science, industry, and academia, we are already making progress. The SunShot Initiative is funding more than 250 projects that explore every possible way to drive down the cost of solar, from developing an efficient solar cell that’s as thin as a human hair to creating a GIS-based tool that can perform site assessments from space. But there is much work left to do.

The SunShot Grand Challenge: Summit and Technology Forum next month will give us the opportunity to highlight the progress of the past two years and reassess the challenges that must be overcome in order to reach the 2020 goal. We are inviting everyone who is contributing to this effort to join us at what promises to be an exciting event June 13–14 in Denver, Colorado. For the rest of the story, read the complete Energy Blog.

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Interior Department Flips Switch on First Public Lands Solar Project

Officials flipped the switch to start Silver State North, a 50-megawatt solar plant located 40 miles south of Las Vegas, Nevada.
Credit: Enbridge

U.S. Department of Interior Secretary Ken Salazar on May 7 flipped the switch to start the first large-scale solar energy facility on U.S. public lands delivering power to consumers. Silver State North is a 50-megawatt plant located 40 miles south of Las Vegas, Nevada, that will use photovoltaic (PV) technology to generate enough power for about 9,000 Nevada homes. The plant was built on 618 acres of public land managed by Interior's Bureau of Land Management, after the solar facility underwent full environmental analysis and public review. It was developed by First Solar and is owned by Enbridge.

Prior to 2009, there were no solar energy projects permitted on public lands. Since then, the Interior Department has authorized 29 large-scale renewable energy projects on or involving public lands, including 16 solar facilities, 5 wind farms, and 8 geothermal plants. See the Interior Department press release.

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Army provides first military fuel cell fleet

This is an excerpt from EERE network news, a weekly electronic newsletter.

The army introduced a fleet of 16 hydrogen fuel cell vehicles on 22 February, the army, Navy, air force and Marines test in Hawaii in an effort, the research of renewable energy sources and dependence on oil. The zero-emission vehicles Development Engineering Center, research by the army tank automotive Office of Naval Research and air force research laboratories financed. The renewable hydrogen, fuel cell vehicles up to 200 miles on a single charge of travel and refuel in five minutes.

The fleet of fuel cell vehicles is the latest effort of the Hawaii-hydrogen initiative, a partnership of 13 agencies, companies and universities. The group is also hydrogen infrastructure elements test, so that other States a similar approach to can take. DOE's Office of energy efficiency and renewable energy is the technical and economic analysis of vehicles. DOE has the research and development of hydrogen and fuel-cell technologies, such as catalysts, and membranes, in the last ten years have been the grants. Such technologies are the provision of fuel-cell vehicles and enable stations such as in Hawaii. See the press release of the army and DOE's fuel cell technologies program site.

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First oil at Aseng the PA increases resource production

Started production of oil I has field in block on the Aseng in Equatorial Guinea. The field is about 3,000 barrels of oil per day net to PA resources contribute.

The Aseng project was delivered before schedule and under budget.

First oil flowed from the field of Aseng floating production, storage and offloading (FPSO) vessel on the 6 November 2011. The rate of oil production has steadily ramped up, how have 4 subsea wells online has been turned. The field produces around 50,000 barrels of oil per day gross and has around 3,000 barrels of oil per day PA resources on a working basis interest.

"The Aseng field increases our production and is a significant additional cash flow,", said Bo Askvik, President and CEO of PA resources

"The field is 500 million after costs in the first year, which increased our financial flexibility SEK about." "We are very pleased with this successful project, which was delivered before schedule and under budget and congratulations to reach the operator on this important milestone."

First production was achieved less than 2 years sentence, some seven months ahead of schedule and about 13 percent below budget. The first tanker oil from the Aseng field is expected to be paged in December 2011.

The Aseng infrastructure provides a hub, other developments back in the future be bound can with the Alen area is developing on schedule for the first production in 2013.

PA resources has, 5.7% participation interest in the Aseng area, the operator of noble energy 38%, Atlas petroleum 27.55%, Glencore exploration 23.75% and on petroleum 5%.

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Federal Government approves first deep-sea drilling approval in the Gulf

After more than eight months no deep drilling in the Gulf of Mexico has approved the United States the first approval for deep sea drilling in the region.

The Bureau of ocean energy management, regulation and enforcement on Monday announced that noble Energy Inc. is a permission, well, about 70 miles southeast of Venice, La. continue to work was issued

Noble began drilling well four days before the deepwater horizon well exploded. Drilling activity was exposed on 12 June under a moratorium to the United States on the research in waters deeper than 500 feet placed. If the moratorium was lifted in October allowed many thought it would be not long before it would be business as usual in the Gulf, but not new, were issued. 37 Other drilling permits has approved the United States since the lifting of the moratorium, but they were all in shallow water.

Feeling increased pressure from the oil industry began regulators and legislators alike began while drilling projects get back in the Gulf so that new safeguards were available.

Noble received approval to demonstrate it is according to Director Michael Bromwich, which contain a well blowout. The company commissioned the Helix well use containment group, an emergency cover areas, to stop the flow of oil if it loses power over a good stack.

A consortium led by Exxon Mobil Corp. offers an other emergency containment solution, as announced this month.

"We expect more deep-sea allows be approved, in the coming weeks and months based on the same process, which led to the approval of this permission", Bromwich said.

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World's first solar plane takes flight

World?s first solar plane takes flight - Science - Canoe.ca
 
 
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World?s first solar plane takes flight
ByCHRISTOPHER LE COQ, Reuters

The solar-powered HB-SIA prototype flown by Solar Impulse's Chief Executive Officer and pilot Andre Borschberg, lands at Zaventem's international airport near Brussels May 13, 2011. (Reuters)

BRUSSELS - A solar energy plane made the world?s first international flight powered by the sun on Friday to show the potential for pollution-free air travel.

The Solar Impulse took off from an airfield at Payerne in western Switzerland on Friday morning and landed at Brussels airport after a 13-hour flight.

?The objective is to demonstrate what we can do with existing technology in terms of renewable energy and energy savings,? project co-founder and pilot Andre Borschberg told Reuters by telephone during the flight.

Borschberg believes such solar-harnessing technology can be used to power cars and homes. ?It is symbolic to be able to go from one place to another using solar energy,? he said.

The Solar Impulse project began in 2003 with a 10-year budget of 90 million euros ($128 million) and has involved engineers from Swiss lift maker Schindler and research aid from Belgian chemicals group Solvay.

The plane, which requires 12,000 solar cells, embarked on its first flight in April 2010 and completed a 26-hour flight, a record flying time for a solar powered aircraft, three months later.

With an average flying speed of 70 km/h (44 mph), Solar Impulse is not an immediate threat to commercial jets, which can easily cruise at more than 10 times the speed. A flight from Geneva from Brussels can take little more than an hour.

Project leaders acknowledged it had been a major challenge to fit a slow-flying plane into the commercial air traffic system.

Friday?s flight was Solar Impulse?s fifth. Previous flights did not leave Switzerland. A larger prototype is scheduled to fly around the world in 2013.










We shouldn?t expect the kids to clean up our mess
I turned 75 in March. That means I probably won?t be around to see the worst impacts of climate change or any other looming environmental disasters ? or the much brighter future that may emerge if we get off our butts to address the problems.Full Column
Columnist DAVID SUZUKI

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