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To: Wharf Rat who wrote (62134)12/15/2014 11:43:21 AM
From: Eric  Respond to of 86356
 
5 Key Stats Reveal Latin America’s Breakthrough Year in Solar



GTM Research identifies Latin America’s biggest solar accomplishments of 2014.

Adam James
December 15, 2014

Did you know that Latin America is the fastest-growing regional market in the history of the solar industry? Or that the region is home to the largest merchant solar plant in the entire world? Do you know which companies and financiers are leading that growth?

Latin America has been the bright spot of 2014, breaking several global PV records and setting a few regional ones of its own. This post draws on the most comprehensive research available from GTM Research’s Latin America PV Playbook to provide you with a data-packed guide to putting Latin America’s solar growth in context.

Latin America is the fastest-growing market for solar PV in history

The Latin American solar market is growing faster than any other regional market in history. Here are a few ways to put that in perspective.

Latin America is growing more than twice as fast as the European market did in the 2007-2011 boom. In other words, the time that most folks in the solar industry associate with rapid downstream expansion pales in comparison to the growth we are seeing in Latin America today. Keep in mind that those European markets were subsidized, and Latin America is not.


Source: Latin America PV Playbook

There are a number of ways to put Latin America's growth rates in context. The chart below shows rates since the market began in that region, the first three years of growth, and the last three years to the present day.


Source: Latin America PV Playbook

Looking across all regions, and taking their growth up to today, Latin America has grown at 1.8 times the regional average -- and 1.5 times faster than the second-fastest-growing market. Adjusting for the start year to look at how the market grew in its first three years, Latin America rate of growth has been twice as fast as the regional average -- and 2.5 times faster than the second-ranked market. Latin America has also been the fastest-growing market over the last three years, despite the massive growth in the Asia-Pacific region led by China and Japan.

But what about volume? Of course, real volume matters too. While Latin America is still small in volumetric terms, compared to Europe, Asia-Pacific, and North America, it is notable that at 988 megawatts, it has installed more volume in its first three years than any other regional market has in the past. The second-best market in this regard was Europe, which installed 613 megawatts in its first three years.


Source: Latin America PV Playbook

Chile dominates the Latin American solar landscape

With a record-setting 2014, Chile has surpassed both Peru and Mexico as the regional leader in PV installations. The volume of installations in Chile is eclipsing the total cumulative market for the region in previous years. In 2012, only 51 megawatts of on-grid PV capacity was on-line. In the first quarter of this year, Chile installed 150 megawatts. This is consistent with a trend seen in the top three markets -- Chile, Mexico, and Brazil -- which are responsible for 50 percent of all cumulative market growth through 2014. But even among the three, Chile currently rules supreme, installing 40 percent of the region's volume in 2014. In 2015, Chile is expected to be Latin America’s first market to install 1 gigawatt in a single year.

Chile is home to the largest merchant solar plant in the world

In fact, Chile is home to two of the largest merchant solar plants. The 50-megawatt Maria Elena project from SunEdison was the first large-scale solar plant to rely on the merchant spot market for its revenue. It held the distinction of the largest merchant solar plant in the world until a few weeks ago -- when SunPower’s Salvador Project, clocking in at 70 megawatts, stole the title. The region is able to sustain merchant solar plants due to a combination of high spot prices in parts of the grid and having the highest insolation rates in the entire world. That these plants were able to be developed without subsidies and be cost-competitive against every other resource on the market is a huge testament to how far solar has come in the region -- and where it is going.

The Overseas Private Investment Corporation is the biggest solar investor in Chile

OPIC is the region’s largest debt investor, with more than $650 million invested in five solar projects, representing 432 megawatts in Chile. The organization is beating the nearest competitor three times over -- the International Finance Corporation with $190 million in four projects in Chile, representing 318 megawatts. The International Finance Corporation can also lay claim to financing the 40-megawatt Aura project in Mexico, adding more to its regional portfolio. The Inter-American Development Bank, currently ranking third, has been very active and could surpass both IFC and OPIC in 2015.

SunEdison is the region’s top developer

Last, but certainly not least, is the company that is leading the way on the massive growth in the region. SunEdison is the top-ranked developer in Latin America, based on a combination of megawatts installed and late-stage pipeline. With 155 megawatts operational and another 163 megawatts on the way, SunEdison is well ahead of the competition for 2014. Several companies will challenge it for the top ranking in 2015, including First Solar with its 141-megawatt plant in Chile and Enel Green Power with 169 megawatts in its late-stage pipeline -- not to mention some very savvy competitive positioning by Enel in markets like Peru and Panama.

greentechmedia.com



To: Wharf Rat who wrote (62134)12/15/2014 11:54:41 AM
From: Eric  Respond to of 86356
 
NOAA report of the world for November just came out this morning:

November 2014 global temperature ties for seventh highest on record; Year-to-date global temperature highest on record




Selected November 2014 Climate Events & Anomalies


Global temperature highlights: November
  • The combined average temperature over global land and ocean surfaces during November tied with 2008 as the seventh highest for the month, at 1.17°F (0.65°C) above the 20th century average. The margin of error associated with this temperature is ±0.13°F (0.07°C). This ends a streak of three consecutive months with a record warm monthly global temperature.



  • November 2014 Blended Land and Sea Surface
    Temperature Percentiles


    November 2014 Blended Land & Sea Surface Temperature Anomalies in °C
  • The global land temperature was the 13th highest on record for November, at 1.46°F (0.81°C) above the 20th century average. The margin of error is ±0.20°F (0.11°C). Warmer-than-average temperatures were evident over most of the global land surface, except for most of North America, parts of southwest Asia, and a few isolated areas of northern Russia.
  • Some national highlights are included below:
    • The average November maximum temperature for Australia was the highest since records began in 1910, at 3.94°F (2.19°C) above the 1961–1990 average, breaking the previous record set in 2006 and marking the second consecutive month with a record high maximum temperature. The November minimum temperature was third highest on record, contributing to the highest November mean temperature for the country, at 3.38°F (1.88°C) above average and beating the previous record set in 2009.
    • Warm southerly winds persisted during November across much of Europe, contributing to especially warm temperatures for this time of year. November was record warm in Austria and Switzerland, while it was third warmest in Denmark and fifth warmest in the UK. Periods of record vary by country, with each dating back more than a century.
    • Much of North America was colder than average. Parts of northern Ontario were up to 9°F (5°C) colder than average for the month. The United States observed its 16th coldest November on record.
  • For the ocean, the November global sea surface temperature was 1.06°F (0.59°C) above the 20th century average of 60.4°F (15.8°C), the highest on record for November, surpassing the previous record set in 1997 by 0.05°F (0.03°C). The margin of error is ±0.07°F (0.04°C). Record warmth was particularly notable across the eastern Pacific Ocean off the western coast of the United States, sections of the equatorial western Pacific, parts of the western North Atlantic, and the eastern north Atlantic near northwestern Europe extending into regions of the Arctic Seas.
  • Neither El Niño nor La Niña was present across the central and eastern equatorial Pacific Ocean during November 2014. NOAA's Climate Prediction Center estimates there is a 65 percent chance that El Niño will be present during the Northern Hemisphere winter and last into the Northern Hemisphere spring 2015.

  • Precipitation highlights: November
  • Extreme wetness was observed during November across sections of the northern United States, a region of northwestern Algeria, and parts of southwestern Asia east of the Caspian Sea. Extreme dryness was observed across northern coastal Chile, areas of interior northwestern Africa, far eastern Europe into far western Russia, and the Philippines.
    • Early winter storms left nearly all of Canada and more than half (50.4 percent) of the United States covered with snow at its peak on November 17. This was the second largest November snow cover extent for Canada, falling shy of the record set just last year.
    • A "Medicane" (a portmanteau of "Mediterranean" and "hurricane", referring to its several similarities to a tropical storm), named Qendresa, formed east of Tunisia and impacted parts of the Mediterranean on November 7–8, bringing heavy rain and flooding to the region.
    • Spain reported its wettest November since 1997, at 180 percent of average November precipitation.
    Global temperature highlights: September–November
  • The combined average temperature over global land and ocean surfaces for September–November was the highest on record for this period, at 1.26°F (0.70°C) above the 20th century average of 57.1°F (14.0°C), surpassing the previous record set in 2005 by 0.02°F (0.01°C). The margin of error associated with this temperature is ±0.16°F (0.09°C).
  • The global land temperature was the ninth highest for September–November on record, at 1.62°F (0.90°C) above the 20th century average of 48.3°F (9.1°C). The margin of error is ±0.31°F (0.17°C). Much of southern Australia was record warm, as was much of southern South America, the west coast of the United States, Far East Russia, and parts of southern Europe extending into northwestern Africa.
    • For the second year in a row, Australia observed its warmest spring (September–November) in the 105-year period of record, at 3.01°F (1.67°C) above the 1961–1990 average. This breaks the previous record, set in 2013, by 0.18°F (0.10°C).
    • Austria had its warmest fall since records began in 1767, while Denmark, Germany, France, and Switzerland each reported their second warmest fall on record, with periods of record varying by country, with each dating back more than a century.
  • For the ocean, the September–November global sea surface temperature was 1.13°F (0.63°C), above the 20th century average of 60.7°F (16.0°C), the highest for September–November on record, surpassing the previous record set in 2003 by 0.11°F (0.06°C).
  • The margin of error is ± 0.07°F (0.04°C). Much warmer than average temperatures were observed across nearly the entire Indian Ocean. Record warmth was particularly notable across the eastern Pacific Ocean off the western coast of the United States and a large section of the equatorial western Pacific, sections of the northeastern and southeastern Atlantic, regions of the Arctic Oceans.
  • Polar ice highlights: November and September–November


    Arctic and Antarctic sea ice extent, from the Global Snow & Ice Report
  • The average Arctic sea ice extent for November was 4.00 million square miles, 240,000 square miles (5.7 percent) below the 1981–2010 average and the ninth smallest November extent since records began in 1979, according to the National Snow and Ice Data Center. Sea ice extent was below average on the Pacific side of the Arctic and near-average on the Atlantic side.
  • Antarctic sea ice during November was 6.42 million square miles, 130,000 square miles (2.0 percent) above the 1981–2010 average. This was the eighth largest November Antarctic sea ice extent on record.
  • According to data from the Rutgers Global Snow Lab, the Northern Hemisphere snow cover extent during November was 14.12 million square miles, 1.01 million square miles above the 1981–2010. This ranked as the fifth largest November Northern Hemisphere snow cover extent in the 49-year period of record. North America had its record largest November snow cover extent, while Eurasia had its 15th largest. For fall, the Northern Hemisphere snow cover extent was the second largest on record—the North American snow cover extent was also second largest for the season, while the Eurasian snow cover extent was the fourth largest.

  • Global temperature highlights: Year-to-date



    November 2014 Global Supplemental Information.
  • The first 11 months of 2014 was the warmest such period on record, with a combined global land and ocean average surface temperature of 1.22°F (0.68°C) above the 20th century average of 57.0°F (13.9°C), surpassing the previous record set in 2010 by 0.02°F (0.01°C). The margin of error is ±0.18°F (0.10°C). 2014 is currently on track to be the warmest year on record if the December global temperature is at least 0.76°F (0.42°C) above its 20th century average.
  • The January–November worldwide land surface temperature was 1.71°F (0.95°C) above the 20th century average, the sixth warmest such period on record. The margin of error is ±0.38°F (0.21°C).
  • The global ocean surface temperature for the year-to-date was 1.03°F (0.57°C) above average, the warmest such period on record, surpassing the previous record set in 1998 by 0.07°F (0.04°C). The margin of error is ±0.07°F (0.04°C).


  • For extended analysis of global temperature and precipitation patterns, please see our full report that will be released on December 17th.

    ncdc.noaa.gov