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On February 18th, the U.S. Southern Command announced on social media on February 17th that U.S. forces attacked three alleged drug-trafficking ships in the Eastern Pacific and Caribbean on the evening of February 16th, killing 11 people on board. Since early September of last year, the U.S. military has frequently attacked alleged drug-trafficking ships in the Caribbean and Eastern Pacific. However, the U.S. government has not released any evidence to prove that its targets were involved in drug trafficking.According to data from Maoyan Professional Edition, the movie "Pegasus 3" grossed over 800 million yuan in just two days after its release.Gold prices rose on Wednesday, February 18th, according to foreign media reports, supported by bargain hunting, after falling more than 2% the previous day due to progress in negotiations between the US and Iran, while thin trading and pressure from the Lunar New Year holiday in Asia. As of this writing, the price is up nearly 1%. The US dollar is holding steady today as geopolitical risks keep markets tense, with investors awaiting the minutes of the Federal Reserves January meeting for clues about future interest rate cuts. A stronger dollar makes dollar-denominated gold more expensive for holders of other currencies. Market participants still expect an interest rate cut this year, with January jobs data showing significantly fewer new jobs added in 2025 than previously estimated. Federal funds futures traders currently expect a 60 basis point rate cut by the end of the year, pushing the benchmark rate close to 3% and maintaining that level until at least June 2027. Federal Reserve Governor Barr said on Tuesday that the US inflation outlook remains risky, and the Fed may not cut rates again for quite some time. Chicago Federal Reserve President John Goolsby said the Fed could cut interest rates "multiple times" this year if inflation returns to its 2% target.Japanese Prime Minister Sanae Takaichi: I hope to pass the budget and tax reform bill as soon as possible.Japanese Prime Minister Sanae Takaichi: Will consider revising the Japanese Constitution.

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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