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November 28th, Futures.com analysts latest view: WTI crude oil futures closed higher in recent intraday trading, having successfully broken through the short-term minor bearish trendline, providing additional momentum for bullish trading. Although the Relative Strength Index (RSI) has reached overbought levels, the emergence of positive signals further supports the bullish trend, indicating strong current momentum.Indias Trade Minister: India is in talks with 14 trade blocs about a trade agreement.Hungarian Prime Minister Viktor Orbán: He will also discuss peace efforts in Ukraine with Russian President Vladimir Putin.Hungarian Prime Minister Viktor Orbán: The goal of the meeting with Russian President Vladimir Putin is to ensure a continuous supply of crude oil and natural gas.On November 28th, the Canadian federal government signed a memorandum of understanding with Alberta, a major oil-producing province, on the 27th to build a large-scale oil pipeline to Asian markets, aiming to reduce dependence on the US market. According to the agreement published on the Prime Ministers website, the federal and provincial governments will promote the construction of a privately funded pipeline capable of transporting at least 1 million barrels of low-emission bitumen per day, significantly increasing Canadas energy export capacity to Asia. Data shows that more than half of the oil imported by the US annually comes from Canada. With trade negotiations between the two countries currently stalled, Canada is concerned about reduced revenue from oil exports to the US and therefore plans to expand its export destinations.

In the United States, solar costs increased by more than 8 percent in the second quarter

Charlie Brooks

Jul 15, 2022 10:35

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According to a research published late on Wednesday, solar energy prices in the United States climbed by 8.1% in the second quarter as a result of an investigation by the Commerce Department into tariffs on Southeast Asian products and growing input costs.


According to a quarterly index that analyzes renewable energy transactions and is collected by LevelTen Energy, the increase amounted to a remarkable 29.7 percent increase in the overall price of wind and solar contracts, also known as power purchase agreements (PPAs), compared to the previous year.


Compared to the previous year, the cost of solar PPAs has climbed by 25.7%.


Since the Russian invasion of Ukraine, economic, logistical, and labor market problems caused by the coronavirus outbreak have intensified, undoing a decade of renewable energy industry cost reductions.


Wind contract expenditures grew by 2.5% during the quarter and have grown by 33.7% annually. Third-quarter wind energy costs in the Southwest Power Pool (NASDAQ:POOL) jumped by 16 percent due to a lack of transmission capacity. Some of the nation's most windy regions, including parts of Nebraska, Oklahoma, and Texas, are served by the grid operator.


LevelTen claimed that it was too soon to evaluate whether or not the decision by U.S. President Joe Biden in early June to waive tariffs on solar panels from the four Asian countries included in the probe for two years will alleviate some of the cost pressure.


In a survey of fifty developers conducted by the firm, around one-third responded that they wanted additional assurances that tariffs would not be applied retroactively if the Commerce Department were to implement them after the two-year wait.


LevelTen reports that the rising cost of wind and solar contracts for corporate and utility buyers has mirrored the rising cost of natural gas-related wholesale energy prices.


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