Florida Power And Light Company Given Go Ahead For Solar Power Facilities

Posted on August 15th, 2017

By Mark Smalls

On the 15 July, the Florida Public Services Commission granted FPL permission to begin work on three major Solar Power plants across the state.

The first of these projects is ‘The Martin Next Generation Solar Energy Center’, scheduled for construction at the company’s already existent ‘Martin Plant’ site. It is expected to be operational in 2010, and will produce a maximum 75W output. It will combine steam with solar thermal power in order to reduce the amount of natural gas used in the energy conversion process.

Second is ‘The DeSoto Next Generation Solar Energy Center’ which is due for completion and operation in 2009. It is named after the county in which it’s being developed, and boasts a 25MW photovoltaic maximum capacity. This figure, when reached, would make it the largest photovoltaic center in the world.

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The final project in the trio is ‘The Space Coast Next Generation Solar Energy Center’, and is the product of a partnership between NASA and the FPL. It has a photovoltaic capacity of 10MW, and will reportedly serve the needs of more than 2500 people. It is expected to be operational in 2009, and is to be built on the same grounds as the ‘Kennedy Space Center’.

With the green light now given, it signifies another step towards a greater and more proficient level of sustainable energy in the US. FPL reports that – pending the successful completion of the three plants – the energy saved would amount to the prevention of 3.5m tons of various green house gases over the three power plant’s lifetimes. The Environmental Protection Agency calculate that this has the same effect as 25,000 cars being removed from the roads of the United States each year.

Along with ‘Solar Tres’ the European Union commissioned large scale Solar Thermal Power plant, the Florida plants contribute to a Trans-Atlantic development of sustainable energy sites. Add ‘Nevada Solar One’ – the replacement for ‘Solar One’ and ‘Two’, on which ‘Solar Tres’ was based – and the number of substantially funded solar powered facilities is growing.

And it is not just Europe and North America that has been affected: The Japanese Companies ‘Kansai Electrical Power’ and ‘Sharp Japan’ announced plans in June for two solar power plants to be built under the ‘Sakai City Waterfront Mega Solar Power Generation Plan’, and are expected to be operational in 2010. The two sites are reported to have a combined maximum power of 38,000KW, and will therefore become two of the largest solar powered sites in the world.

Three of the world’s biggest political players, then, are continuing their commitment to sustainable energy sources. Include ‘Kigali Solaire’, the largest solar power plant in Africa – opened in Rwanda in 2007 – plus a maximum capacity 400KW photovoltaic array in New South Wales, Austrialia, and it amounts to sustainable energy in four of the six world continents. Place on the tally the plans for a ‘solar trough’ – one long set of parabolic solar panels – in Mexico, which would amount to a maximum 400MW output for the city Agua Prieta, and that makes five continents in six.

Perhaps, then, the FPL centers are simply bucking the trend.

About the Author: Chris Wright is the

Solar Power

expert at EcoSwitch.com The environmental social network.



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Eur/Usd: All Eyes On Non Farm Payrolls Data}

Posted on March 4th, 2017

Submitted by: Growth Aces

GROWTHACES.COM Trading Positions

EUR/USD: short at 1.2665, target 1.2510, stop-loss 1.2740

USD/CAD: long at 1.1150, target 1.1290, stop-loss 1.1060

AUD/USD: short at 0.8800, target 0.8650, stop-loss 0.8910

EUR/CHF:long at 1.2085, target 1.2160, stop-loss 1.2045

We encourage you to visit our website and subscribe to our newsletter to receive trading positions summary for major pairs and crosses.

EUR/USD: Still wide open door for full-blown QE in the Euro zone

(we are short with the target at 1.2510)

?The European Central Bank left interest rates unchanged on Thursday, as widely expected. ECB President Mario Draghi said the central bank is ready to use further unconventional policy tools if needed to stave off the risk of inflation remaining too low for too long. Draghi left the door wide open for full-blown QE before the end of the year. He said that the medium-term inflation outlook has worsened and inflation expectations have fallen.

?Draghi revealed at the press conference after yesterday’s meeting details of the already-announced programmes to purchase simple and transparent asset-backed securities (ABS) and a broad portfolio of euro-denominated covered bonds. Covered bond purchases will start later this month while ABS buying will begin in the fourth quarter. The programmes will last for at least two years.

?Friday’s data showed Euro zone retail sales jumped much more than expected in August. Retail sales rose 1.2% mom and 1.9% yoy vs. the median forecast of 0.1% mom and 0.5% yoy. Sales contracted 0.4% mom and rose 0.5% yoy in July.

?On the other hand PMI data showed that Euro zone business grew at the slowest rate this year in September. The PMI Composite Output Index fell to a ten-month low of 52.0 in September, down from 52.5 in August and below the earlier flash estimate of 52.3.

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?By nation, the strongest expansions were registered in Ireland and Spain. Germany was the only nation covered to register a slight acceleration in the rate of output expansion, as a stronger service sector performance offset a further slowdown at manufacturers. Faster downturns were signalled for France and Italy.

?The PMI showed inflationary pressures remained subdued in September. Average input prices rose at the slowest pace for five months. Output charges fell for the thirtieth month running and to the greatest extent since July 2013.

?The PMI suggests that GDP growth will be about 0.2-0.3% in the third quarter after it stagnated in the second quarter.

?In the opinion of GrowthAces.com the European Central Bank will not wait for the full impact of TLTROs and ABS programmes and will launch full-blown quantitative easing in December.

?The most important event today is the release of Non-Farm Payrolls report. Our forecast is at the level of 230k, slightly above the median market forecast of 215k. Better-than-forecast reading will be supportive for the USD. The EUR/USD recovered yesterday from a two-year low of 1.2571 struck earlier this week, helped mainly by short covering after ECB chief Mario Draghi gave no indication the bank is planning an imminent stimulus programme involving buying of government bonds. In our opinion the recovery had very short-term nature.

?GrowthAces.com maintains its short position on the EUR/USD at 1.2665 with the target at 1.2510.

Significant technical analysis’ levels:

Resistance: 1.2699 (high Oct 2), 1.2715 (high Sep 29), 1.2718 (10-dma)

Support: 1.2571 (low Sep 30), 1.2561 (low Sep 6, 2012), 1.2502 (76.4% of 1.2042-1.3995)

USD/JPY gained upside momentum after Kuroda’s comments

(we stay flat on the USD/JPY, but outlook is still bullish)

?Bank of Japan Governor Haruhiko Kuroda said on Friday that the JPY’s weakening is positive for the Japanese economy on the whole as long as it reflects the actual state of the economy. Kuroda said a weak JPY is a big plus for large exporters and though it’s a minus for non-manufacturers that rely on imports, the central bank chief reiterated that the overall economy won’t be negatively impacted.

?After the comments from Kuroda the USD/JPY rebounded to 108.98 from steep losses overnight (low at 108.01). There is, however, still some distance from the 6-year peak of 110.09 reached on Wednesday.

?The outlook for the USD/JPY remains bullish. We stay flat but will be looking to go long again on dips.

Significant technical analysis’ levels:

Resistance: 109.12 (high Oct 2), 109.62 (hourly high Oct 1), 109.97 (hourly high Oct 1)

Support: 108.36 (session low Oct 3), 108.06 (21-dma), 108.01 (low Oct 2)

GBP/USD weaker after PMI disappoints

(we stay flat on the GBP/USD)

?The PMI services dropped to a three-month low of 58.7 in September from August’s nine-month high of 60.5 vs. the median forecast of 59.1. However, the index remained at a level indicative of rapid growth that was well above the survey average.

?What is important for the Bank of England, average input costs were driven higher in September by an increase in supplier prices and rising wage bills. The overall rate of inflation signalled by the survey was the sharpest in four months. The strong pace of job creation signalled by the PMI surveys should eventually lead to higher pay growth and rising personal incomes.

?The PMI suggests that GDP growth will be about 0.8% in the third quarter, slightly lower than 0.9% achieved in the second quarter.

?Deputy Governor of the Bank of England Ben Broadbent said that the central bank does not yet need to raise interest rates as unemployment is still high and wage growth well below pre-crisis levels. He reiterated that the central bank intended to raise rates only gradually when the time came. Dovish comments from Broadbent weighed on the GBP.

?The GBP slipped to a three-week low against the USD on Friday after data showed the expansion in Britain’s services sector eased more than expected last month. The GBP/USD is now close to 11-month low of 1.6052 hit on September 10.

?We stay flat on the GBP/USD. We expect the GBP/USD to return to the 1.6052 lows and the next target for the currency bears could be 50% of 1.4814-1.7192 at 1.6003.

Significant technical analysis’ levels:

Resistance: 1.6159 (hourly high Oct 3), 1.6175 (hourly high Oct 2), 1.6252 (high Oct 1)

Support: 1.6052 (low Sep 10), 1.6003 (50% of 1.4814-1.7192), 1.5988 (low Nov 14, 2013)

GrowthAces.com is an independent macroeconomic research consultancy for traders. We offer you daily forex analysis with forex trading signals. The service covers forex forecasts and signals for following currencies: EUR, USD, GBP, JPY, CAD, CHF, AUD, NZD as well as emerging markets. Our subscribers should expect to receive: forex trading strategies, latest price changes, support and resistance levels, buy and sell forex signals and early heads-up about the potential fx trading opportunities. GrowthAces.com offers also daily macroeconomic fundamental analysis that enables you to see fundamental changes on forex market. We provide in-depth analysis of economic indicators resulting from knowledge, experience, advanced statistics and cutting-edge quantitative tools.

We encourage you to subscribe to our daily forex newsletter on http://growthaces.com to get daily analysis for forex traders. We intend that our consultancy should help you make better decisions. At GrowthAces.com we give our best to you – always greatest quality, usefulness and profitability.

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