Suggested Reading – Week of Oct. 17
WSJ: “Age of Shale” Has Arrived
“On Wednesday, the Texas Rangers play in its second consecutive World Series. The club’s success can be tied, in part, to an increased player payroll covered by its two new owners: Bob Simpson, whose shale-focused XTO Energy was acquired by Exxon Mobil in 2009 for $25 billion, and Ray Davis, a former pipeline executive.” http://on.wsj.com/oQGga5
By 2030, US Military Investment in Renewable Energy is Expected to Reach $10 Billion Annually
The U.S. Department of Defense currently spends about $20 billion a year on energy – 75% for fuel and 25% for facilities and infrastructure… Military spending on renewable energy spiked over 300% between 2006-2009, to $1.2 billion, and is expected to exceed $10 billion a year by 2030. http://bit.ly/qU2Kg6
SunEdison Secures $300 Million for Solar Financing
SunEdison’s $300 million three-year loan from Deutsche Bank Securities and Rabobank is the largest solar project financing deal to date. The loan will support the construction costs of utility and rooftop solar projects across the U.S. and Canada. http://bit.ly/qU2Kg6
Solar Jobs Increase Nearly 7% and Will Continue to Grow through 2012
The U.S. solar industry employs an estimated 100,237 solar workers (defined as workers who spend at least 50% of their time supporting solar-related activities) – up 6.8% since August 2010. Over the next 12 months, almost 50% of solar firms expect to add jobs while only 2.6% expect to cut workers. http://bit.ly/nm86ps