Wind-Farm Giant Dong Energy Sees More Investors Taking Equity Positions in Offshore Assets

first_imgWind-Farm Giant Dong Energy Sees More Investors Taking Equity Positions in Offshore Assets FacebookTwitterLinkedInEmailPrint分享Bloomberg New Energy Finance:Dong Energy said it is confident that financial investors will be prepared to buy equity stakes in the 480MW of German offshore wind farms, which the company won the rights to build thanks to record-breaking zero-subsidy bids in an auction in April.Martin Neubert, chief strategy officer at the wind power division of the Danish company, told BNEF that the three offshore wind projects in the German North Sea would be suitable for Dong’s ‘farm-down’ approach, in which it sells equity stakes pre-construction to outside investors in order to free up its own capital for further projects.Investors have previously shown they are willing to take on a certain degree of merchant price risk when committing capital to German renewable energy projects, “which typically only had a very short feed-in tariff period compared with the full lifetime of the asset,” he said. And Dong Energy has also shown that asset rotation works with U.K. projects built using Renewables Obligation Certificates that “have a very significant merchant price element”, he added.The farm-down model, otherwise known as asset rotation or build-sell-operate, involves utilities selling stakes in green power assets to institutional investors seeking long-term, stable yield. In the case of renewable energy, revenues for such projects have, until now, been underpinned by guaranteed subsidies.By bidding to build two 240MW offshore wind projects with no subsidy on top of the wholesale power price, Dong Energy has demonstrated the vastly improved economics of the technology.More: Dong Energy’s Zero-Subsidy Offshore Wind Farms Are Ripe for ‘Farm-Downs’last_img read more

Read More »

Thaler discusses status of CHOICE Act, presses credit union action

first_img 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » NAFCU Vice President of Legislative Affairs Brad Thaler, in a new NAFCU Today video, discusses the current state of the House Financial Services Committee-passed Financial CHOICE Act (H.R. 10), the regulatory relief efforts expected going forward and the need for credit unions to engage with lawmakers to build support.In the video, Thaler notes NAFCU’s support of the bill, which makes many changes to the Dodd-Frank Act and other financial regulations. Of great significance to the credit union industry, the CHOICE Act includes a NAFCU-backed provision that would repeal the Durbin interchange amendment.The bill also makes significant reforms to the CFPB – reshaping the bureau as the new Consumer Law Enforcement Agency and limiting its powers, including its authority to address unfair, deceptive, or abusive acts or practices (UDAAP). The CHOICE Act also would provide credit unions regulatory relief in areas such as mortgage rules, examination reforms, and better tailoring and cost-benefit analyses of new regulations and capital rules.last_img read more

Read More »

Health workers should be top priority for vaccines: Nurses’ group

first_imgNurses and other health workers must be top priority for the first COVID-19 vaccines, especially as they are often left without enough protection against the virus in their frontline jobs, the International Council of Nurses said on Monday.An estimated 1.5 million health care workers have been infected, three times the number in early June, it said, citing figures from the World Health Organization (WHO) on the novel coronavirus which has infected some 16 million people worldwide.”We are continuing to receive reports of nurses and health care workers not having enough personal protective equipment, not being able to access testing, working under incredible strain and pressure,” Howard Catton, chief executive officer of the Geneva-based ICN, told Reuters Television. “To be frank, many governments have just been too slow to prioritize nurses and healthcare workers. So we are saying, when it comes to vaccines, no excuses, no ifs, no buts, we are putting governments on notice now, that nurses and healthcare workers must be prioritized for a vaccine when it becomes available,” he said.Researchers are making “good progress” in developing vaccines against COVID-19, with a handful in late-stage trials, but their first use cannot be expected until early 2021, the WHO’s top emergency expert Mike Ryan said last week.WHO’s chief scientist Soumya Swaminathan said last week that it was drawing up a framework to ensure “fair and equitable access” would give priority to three groups including frontline workers such as medics and the police.The ICN, which represents 130 national nursing associations, has appealed throughout the six-month pandemic for sufficient personal protective equipment for nurses.Catton, referring to nightly public tributes in some countries, said: “Nurses, quite frankly, have had enough of the applause. They are saying, ‘we want action’, the applauses are ringing very hollow.”Action, committing to vaccination for healthcare workers, ensuring personal protective equipment, testing nurses and healthcare workers: these are the issues which will really make a difference to nurses, but also to the people that they look after.” Topics :last_img read more

Read More »

Print ads earn nod

first_imgReal Estate television personality Andrew Winter at The Ville. Picture: Evan MorganREAL estate television personality Andrew Winter says print advertising is still crucial in marketing properties for sale.Mr Winter who features on shows such as Love it or List It and Selling Houses Australia was in Townsville on Wednesday to talk to real estate agents about the benefits of print advertising.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020While hosting a luncheon at The Ville, Mr Winter said it was a myth that print advertising wasn’t effective in a digital world.He said most house hunters buy properties vastly different from what they were originally searching for and print advertisements were crucial for targeting passive buyers who may not realise a particular property or area is what they have been searching for.“In my experience the buggers never buy what they started out looking for,” Mr Winter said.“That is where the passive buyer comes in and that’s where print can still work.”Mr Winter said newspapers were a good place to start as they were widely read.“Advertising is a form of marketing and it is only a waste of money if it’s targeting the wrong areas,” he said. “The beauty about the property supplement here and in other local areas is that is probably the one place people would be looking (for property).”last_img read more

Read More »

CL: Roma shock Barcelona as Liverpool humiliate Man City

first_imgRoma, Italy | AFP | Liverpool survived a first-half bombardment, and benefited from a controversial offside decision, as they beat Manchester City 2-1 in their Champions League quarter-final second leg on Tuesday to win the tie 5-1.Gabriel Jesus gave City a second-minute lead at the Etihad Stadium, raising hopes of a stunning comeback after they lost 3-0 in last week’s first leg.But City’s Leroy Sane had a goal wrongly disallowed for offside just before the break, and Mohamed Salah and Roberto Firmino both netted after the break for Liverpool.In the other game, Kostas Manolas capped a sensational Roma comeback as the Italian side shocked Barcelona 3-0 in Tuesday’s Champions League quarter-final second leg to progress on away goals after the tie finished 4-4 on aggregate. Share on: WhatsApp Edin Dzeko’s early goal at the Stadio Olimpico gave Roma hope of overturning a 4-1 deficit from the first leg before Daniele de Rossi converted a 58th-minute penalty.Greece international Manolas completed an improbable turnaround eight minutes from time by glancing in a header from a corner.last_img read more

Read More »

Somerset’s Compton leads at Captains’ final

first_img Somerset’s Denis Compton holds a narrow one-point lead at the halfway stage of the England Golf Captains’ Final on the Red course at Frilford Heath in Oxfordshire.Compton, (Image © Leaderboard Photography) from Minehead & West Somerset, scored 39 points – including a blob – to edge one ahead of David Hawkins (Leighton Buzzard), Hugh Purvis (Long Ashton), Bryan Claringbold (Frilford Heath) and Alan Brack (Crook).The final is being played as part of England Golf’s first Golf Week which celebrates team and handicap golf, with events taking place every day until Friday.Today’s score by Compton marked a turnaround in fortunes from his practice round when he lost five balls and scored 18 points! “My course is links and to come here with trees and things is a bit alien,” he explained with a laugh.“Today my putter went hot for the last four holes and I had a birdie, birdie finish – but I still had a blob on the ninth. I haven’t found that green yet.”Compton, who was captain in 2007 in his club’s 125th anniversary year, is playing in the tournament series for the first time, having qualified at Enmore Park in Somerset. “I had a nice 36 points there and these are probably the only two rounds I’ve done well in this year.”The reason – which is apt, given his name – is that Compton still enjoys playing cricket. “I’m no relation,” he says in answer to the obvious question about connections with the late English cricketer. “But I played for the Somerset second XI and Somerset Colts and I still play for the local club, Timberscombe, on Exmoor. My partner is doing the teas on Saturday.”Cricket and golf have gone hand in hand in his life, for he joined Minehead & West Somerset Golf Club as a junior, following his grandfather and father. His caddy this week is the 2014 captain Phil Arbourne.Click here for the full scores. 11 Aug 2015 Somerset’s Compton leads at Captains’ final last_img read more

Read More »

Thrilling Races At Grays Harbor Raceway On Saturday

first_img360 Sprints8 EntriesFast Time: J.J. Hickle, 13.327Heat Race Winners: J.J. Hickle (1), Evan Margeson (2)A-Feature: 1. Reece Goetz, 2. Henry Van Dam, 3. J.J. Hickle, 4. Jay Cole, 5. Evan Margeson, 6. Cam Smith, 7. Mike Romig, 8. Doug Peter Submitted by Grays Harbor RacewayA full pit area of race cars and a great night of racing was on hand for the second race of the 2013 campaign at Grays Harbor Raceway on Saturday May 4th.  Despite only three classes running the features proved to be thrilling for fans making it out to the 3/8-mile clay oval.  Divisions competing included the 360 Sprints, Shipwreck Beads IMCA Modifieds, and USAC Ford Focus Midgets.In the 360 Sprint feature Reece Goetz of Snohomish would earn the lead on lap three after passing Henry Van Dam and would look for his first win of the year.  Goetz would hold off Van Dam on several occasions as he tried to retrieve the lead but Goetz would continue to lead.  Despite a late charge by Van Dam the Great Western Transport/Elma Lanes #9R Eagle of Goetz would keep his mount in front and would pick up the win.The Kovash Logging/Johanson Excavating #33V A.R.T. of Enumclaw’s Henry Van Dam was second with defending champion J.J. Hickle of Quilcene placing third in his Meyer Electric/Kitsap Powdercoating #3 XXX.  Crossing the line in fourth place was the Our Community Credit Union/Bulldog Trailers #0J of Jay Cole from Shelton and Evan Margeson of Tacoma in his TFC Plating #50 XXX rounded up the top five finishers.  Earlier in the night Hickle was quickest in qualifying with a time of 13.327 seconds while heat race winners were Hickle and Margeson.In Shipwreck Beads IMCA Modified action McCleary native Jeff Foster had the field covered for much of the distance in the J&F Automotive/Baby Ready Mix #8.  But a caution on lap twenty would bunch the field up and Foster would lose the lead to the winner of week one on the restart, Scott Miller.  The Shelton driver set a rapid pace in his Blue Bear Park/Blondie’s Restaurant #26 Shaw and looked to make it two in a row.  But in the last few laps two-time and defending track champ Joe German from Wishkah was on the move.German for much of the early stages was right behind Jeff Foster running in second.  He would have to go to the rear of the field during the last caution due to a rock entering his cockpit and hitting his battery switch  bringing him to a halt.  German was able to get back on the track and come from behind and pass Scott Miller for the lead on the high side on lap twenty-six.  German would lead the rest of the distance to win his first race of the season in his Wishkah Iron Works/Ozman Services Inc. #75X Skyrocket.“During that race something came thru the car and hit me in the chest and then hit the battery switch,” said German, “either then that it was a good night for us and the track was really racy.  The first race of the year we had some weird issues with our fuel filter getting plugged up so hopefully all that stuff is behind us.”Scott Miller would finish in second followed by Cosmopolis driver Tom Sweatman in the Sweatman Trucking/D&D Dyno #11 machine.  Finishing fourth was the Williams Family Salsa/DNC Competition Engines #14 Dirt Works of Seabeck’s Craig Moore and Jeff Foster completed the top five finishers in fifth.  Heat race winners earlier in the night were Joe German and Tom Sweatman.Last but not least the USAC Ford Focus Midgets were in the house.  Garrett Thomas of McCleary showed the way for most of the distance in his Olson Landscaping/Martelli Distributing #14 Beast.  With only one caution occurring the race went pretty much green to checker and Thomas started off with a big lead in the opening laps.Eventually Snohomish’s Chase Goetz, winner of the first night back in April, closed the gap and started to put pressure on Thomas.  Thomas would keep Goetz in check despite the Sno-Lynn Machine #3S of Robbie Vaughn from Snohomish coming into the picture to make it a three car race for the lead.But on the final lap Goetz was able to get a good run on the bottom of turns three and four finding an opening and making it past Thomas for the win.  For Goetz it marks a perfect start to the season with two wins in two starts in his Great Western Transport/Elma Lanes #91 Beast.“Winning two in a row feels great,” commented Chase, “hopefully the next time we come out we can make it three in a row.  On the last lap I just saw an opening and decided to try and pass Garrett.  I got to thank my sponsors Elma Lanes, Great Western Transport, Sandblasters Inc. and Powdercoating Inc. for supporting me.”Garrett Thomas would cross the line in second with Robbie Vaughn right behind him in third.  Finishing fourth would be Montesano driver Jeremy Miller in the MASCO Petroleum #44 Beast and earning fifth was Dougie James of Shoreline driving the James Brown Racing #29.  James was fast time of the evening in qualifying at 16.944 seconds and heat race winners were Ariel Biggs, now living in Ocosta, in the Don Emery owned #11E entry and Chase Goetz.Grays Harbor Raceway will return with race three of 2013 next Saturday May 11th for Ladies Night.  All ladies and mothers will get into the races for $5.00.  Classes that will be in competition will include the Shipwreck Beads IMCA Modifieds, Cut Rate Auto Parts Street Stocks, Hornets and the debut of the Northwest Extreme Sprints.  For more information log on to www.graysharborraceway.com or call the brand new Northwest Tracks Hotline at (360)-699-RACE.Race SummarySaturday May 4th, 2013Grays Harbor RacewayElma, Washington USAC Ford Focus Midgets10 EntriesFast Time: Dougie James, 16.944Heat Race Winners: Ariel Biggs (1), Chase Goetz (2)A-Feature: 1. Chase Goetz, 2. Garrett Thomas, 3. Robbie Vaughn, 4. Jeremy Miller, 5. Dougie James, 6. Todd Hartman, 7. Chance Crum, 8. Annika Johanson, 9. Ariel Biggs, 10. Lee St. Paul Shipwreck Beads IMCA Modifieds14 EntriesHeat Race Winners: Joe German (1), Tom Sweatman (2)A-Feature: 1. Joe German, 2. Scott Miller, 3. Tom Sweatman, 4. Craig Moore, 5. Jeff Foster, 6. Kyler Moore, 7. Allan Muenchow, 8. Zack Simpson, 9. Carl Larson, 10. Scott Westley, 11. Kevin Keller, 12. Kris Asche, 13. Del Schnitzer, 14. Rayun McMichael Facebook0Tweet0Pin0last_img read more

Read More »

Election 2017: County Candidates Offer Views on Taxes, Marijuana

first_imgBy Jay Cook |MANALAPAN – It’s not election season without a few surprises from those running for office and this year’s Monmouth County Board of Chosen Freeholders election is no different.The Democratic candidates say they are opposed to increasing taxes, even for open space acquisition, and the Republican candidates have voiced their support for medicinal marijuana programs.Democrats Brian Wilton, mayor of Lake Como, and running mate Margaret Donlon, M.D., from Ocean Township, amicably touched gloves with their Republican counterparts Patrick Impreveduto, deputy mayor of Holmdel, and Lillian G. Burry, the incumbent Freeholder director, on Oct. 24 at Monmouth County Library headquarters. The annual debate, sponsored by the Monmouth County League of Women Voters, hit upon a number of topics specific to county taxpayers.Tax IncreasesDebating tax increases is the norm for candidates in a New Jersey election. But this year there’s one slight difference – it’s the Republicans who want to increase taxes.In July, the all-Republican county government authorized a referendum question on this year’s ballot asking for an increase to the Open Space Trust Fund, a pool of taxpayer dollars used to supplement open space and farmland acquisitions. The Monmouth County Park System oversees 17,500 acres of land, and projects 20,000 acres will be needed as development increases.Currently, a Monmouth County resident with an average assessed home value of $457,893 pays $68.68 into the fund. That equates to 1.5 cents per $100 of equalized value. The trust fund collected nearly $17.4 million this year.Monmouth County Freeholder Director Lillian G. Burry.The proposed 83 percent increase would push the rate to 2.75 cents per $100 of equalized value. The annual impact to the same average county homeowner would nearly double to $125.91 annually.And Burry is pushing for the increase.“I have long been associated with conservation, open space, and I can tell you it’s our greatest asset here in Monmouth County,” she said.About 6.5 million visitors use county parks annually and Republicans say the number could grow with more development coming.“This land is disappearing,” Burry said, “and if we don’t act now, we won’t have that opportunity in a few years.”On the other side of the aisle, Democrats believe county residents are “taxed out,” saying Monmouth County suffers from the 11th-highest taxes in the country.“People are moving,” Donlon said. “I’m wondering if we’ve reached a tax limit here in Monmouth County.”Both Democrats suggested the county push to acquire state funding instead of asking more from residents.On the other hand, all four candidates praised the 2 percent cap on property tax and public employee salary increases signed into state law in 2010. The cap’s life expectancy sunsets on Dec. 31 and both the Republicans and Democrats want the state legislature to renew the program.Lake Como Mayor Brian Wilton“The cap was effective,” said Wilton, who noted it benefitted Lake Como, a borough with about 1,700 residents. “I believe there was a place for it. It helps keep the costs down.”Impreveduto doubled down, saying the state should also look at lowering mandatory fixed costs from electric and gas service.“Fortunately, we have this 2 percent cap to keep salaries in check,” he said. “Can you imagine if we didn’t have that and the fixed costs kept going up? What would happen to our residents, tax-wise?”Marijuana LegalizationThe future of marijuana usage in New Jersey will decidedly come down to who the next governor will be: Democratic candidate Philip Murphy or Lt. Gov. Kim Guadagno. Murphy has pledged to legalize marijuana in short order if elected and Guadagno has stated she is in favor of decriminalization and expanding medical marijuana programs.On the county level, elected officials have little say in how that decision would play out, but did offer their views.Wilton, a lawyer and prosecutor, said he is in favor of legalization. His experiences in courtrooms have affirmed that.“We have a difficult time prosecuting the offense of under 50 grams that are handled at the municipal court,” he said, adding that “we’re pulling officers off the road to make arrests for small amounts of marijuana.”Donlon said, as a physician, she is in favor of expanding medical marijuana and decriminalization. On the legalization front, she was a bit more hesitant, saying she would only support it if the state set “a legal age of anything above 26 years old and really look at the cost benefit analysis.”Republicans were more cautious about marijuana legalization, although both Burry and Impreveduto said they are in favor of medical marijuana programs.“You’ve heard about the opioid epidemic we’re having here in Monmouth County,” Burry said. “Why complicate things even more with marijuana made available to some of our young people?”Impreveduto referenced states around the country which have gone the route of legalization.“Look at Colorado,” he added. “Tell me how that’s working for them. Crime is up, homelessness is up, the state is becoming a disaster.”Sanctuary StatusTalk by President Donald Trump of stripping federal funding from areas exercising Sanctuary City, County and State status has reinvigorated the immigration conversation. In New Jersey, that’s no different.While no local towns have sanctuary status, candidates disagreed upon how Monmouth County is involved, as well as how immigration authorities do their job.Impreveduto said he is against a Sanctuary County and State, and said he supported and U.S. Immigration and Customs Enforcement (ICE) agreements with the Monmouth County Sheriff’s Office.Holmdel Deputy Mayor Patrick ImprevedutoBut Impreveduto, with a career background in education, said he’s in favor of the federal program Deferred Action for Childhood Arrivals (DACA).“DACA is different,” he said, “and I would look to support our children.”Burry said allowing sanctuary status “flies in the face of our laws and the need to respect our law enforcement people.”Democrats Donlon and Wilton believe law enforcement should stay out of homes and refrain from any mass-deportation activity.Donlon said police “should focus on what their job is and focus on criminals, no matter where they came from and no matter their immigration status.”“I don’t want to further politicize the issue, but I want to focus on the important thing, which is how we want to protect and keep our communities safe,” she added.Margaret Donlon, Ocean TownshipIn AgreementWhile in contrast on a number of issues, candidates from both parties did find common ground on work currently underway in the county. Each nominee praised the progress at the Fort Monmouth site redevelopment, through the Fort Monmouth Economic Revitalization Authority (FMERA).Burry, who sits on the FMERA board, said since the fort was ordered closed in 2005, 3,000 new jobs have been created on the former base’s grounds. Housing developments, schools, businesses and veterans facilities are some of the new activity underway“I think it’s something, in the end, we can be very proud of as to how it will evolve,” said Burry.Wilton said although a second Amazon headquarters might not be heading to Fort Monmouth, he still would like to see FMERA push for smaller, up-and-coming companies to find space at Fort Monmouth. He said the area “has the potential to be a jewel for us.”Candidates from both parties also stressed the importance of using shared services within the county. Impreveduto said Holmdel just finished its largest road improvement project thanks to working with county officials on fixing tens of roads. As mayor, Wilton said he was able to outsource Lake Como’s police service to Belmar in an effort to cut costs.This article was first published in the Oct. 26-Nov. 2, 2017 print edition of the Two River Times.last_img read more

Read More »

Mallard’s Team of the Week — Doug Bothamley Cashspiel Champs

first_imgBob Ursel rink of Kelowna managed to claim the top prize at the Doug Bothamley Memorial Open Cashspiel Sunday at the Nelson Curling Club.Ursel, third Dave Stephenson, second Don Freschi of Trail and lead, Fred Thomson of Nelson, won $2,100 by defeating Myron Nichol of Castlegar 6-2 in the A Final.The Ursel rink now prepares to challenge for the BC Senior Men’s title in Enderby. Mallard’s Source for sports wants to spotlight not only the Ursel rink with Team of the Week honours but also the entire organizing committee of the Doug Bothamley Memorial Open Cashspiel.last_img read more

Read More »