Forum Post: LA Buying $1.6B Power From NV Tribal Solar Plant
Posted 11 years ago on Nov. 22, 2012, 10:27 a.m. EST by Nevada1
(5843)
This content is user submitted and not an official statement
We are making progress.
http://www.marinij.com/tablehome/ci_22042753/la-buying-1-6b-power-from-nv-tribal
From the article in the OP "....council unanimously decided to purchase power from developer K Road Moapa Solar LLC in conjunction with the tribe."
It's not really clear from the article, if the new solar infrastructure will be owned by the tribe, or owned by K Road Moapa Solar LLC. What is clear is that in partnership with this company is Barclays Natural Resources Investment, and this is from their site;
Barclays Natural Resource Investments ("BNRI") is a global private equity business focused on natural resource investment opportunities that provides clients of Barclays Bank Plc (or its affiliates) and strategic investors with the opportunity to gain exposure to the natural resources sector by co-investing alongside the investment bank of Barclays Bank Plc and the BNRI investment team. BNRI invests in global natural resources by finding and partnering with 'uniquely well-placed'* operational management teams with specific expertise and significant experience and track-record within niches of the global natural resources sector, primarily in upstream oil & gas, upstream mining, and power & renewables.
Following substantial due diligence, typically, we will commit $50-200 million to each management team to help execute their business plans. This investment amount will in general be structured as a ‘line of equity’ to the newly established portfolio company, whereby management teams identify potential asset and transaction opportunities and bring them to the board for discussion and approval. The equity is then drawn down as required subject to the total commitment cap agreed upfront. We are an active investor and insist on board representation.
BNRI was founded in 2006 and as of September 2012 had committed over $2.3 billion to 23 portfolio companies.
BNRI has offices in London, New York and Doha and is staffed with 19 investment professionals. We also draw on the skills and contacts of a highly experienced advisory panel, including Tony Trahar (Anglo American), Francis Gugen (Amerada Hess), Mike Reynolds (National Power) and Robert Champion de Crespigny (Normandy Mining).
BNRI is a division of Barclays Bank Plc.
Long story short, it would appear that the banksters are all for alternative energy, as long as they have a controlling interest in either owning it outright, or entering into agreements with the owners of the infrastructure.
My take is, the cost of alternative energy supply will continue to increase in line with cost of coal-powered energy, and the state is simply complying with new regulations to produce power from alternative sources.
I would agree with that assessment.
Nice post.
Environmental scorecard.
http://scorecard.lcv.org/
FYI
And a post bump.
We are seeing the 'Beginning Of The End Of Fossil Fuel'.
The People will be the source of fundamental change for the better for ALL.
Agree.
People - Keep-on Keeping-on.
Nobody here acknowledges these numbers. The numbers actually are more important to know and pread through the democracy that are the individuals making posts in a OWS forum. Sorry for the posters... I will come back and post data for Federal Energy Budget outlays... I haven't been focusing on many federal agencies.
Sometimes the numbers are more important than people. This is True today with this data below:
Energy Department programs 1998 = $ 18.9 Billion
Energy Department programs 2011 = $42.5 Billion
Defense Vendor Payments 1998 = $95.6 Billion
Defense Vendor Payments 2011 = $394 Billion
DOD Federal Outlays 1998 = $256 Billion
DOD Federal Outlays 2011 = $680 Billion
Department of Education outlays 1998 = $43.7 Billion
Department of Education outlays 2011 = $245.6 Billion (500% increase)
Federal Highway Administration 1998 = $19 Billion
Federal Highway Administration 2011 = $44.8 Billion
Health and Human Services Grants (misc) 1998 = $37.7 Billion
Health and Human Services Grants (misc) 2011 = $101.9 Billion
Food and Nutrition Service (misc) 1998 = $ 13.7 Billion
Food and Nutrition Service (misc) 2011 = $ 95.7 Billion
Supple. Nutrition Assist. Program (SNAP) 1998 = $20 Billion
Supple. Nutrition Assist. Program (SNAP) 2011 = $77.6 Billion
Total Food and Nutrician Services 1998 = $33 Billion
Total Food and Nutrician Services 2011 = $102 Billion
Temporary Assistance for Needy Families 1998 = $13 Billion
Temporary Assistance for Needy Families 2011 = $18.9 Billion
Total Administration for Children and Families (HHS) 1998 = $32.5 Billion
Total Administration for Children and Families (HHS) 2011 = $54 Billion
Unemployment Insurance Benefits 1998 = $23.4 Billion
Unemployment Insurance Benefits 2011 = $117 Billion
Medicare 1998 = $210 Billion
Medicare 2011 = $552 Billion (no price controls)
Medicaid 1998 = $ 100 Billion
Medicaid 2011 = $ 269 Billion
Total Centers Medicare & Medicaid Services 1998 = $380 Billion
Total Centers Medicare & Medicaid Services 2011 = $1.095 Trillion
Federal Salaries (EFT) 1998 = $87.5 Billion
Federal Salaries (EFT) 2011 = $178.4 Billion
http://www.mytribalbenefits.com/economic-development/tribal-solar-initiative/
Nice post. Some more encouraging solar news:
http://votesolar.org/2013/02/lowering-the-cost-of-solar-permitting-in-the-us/