Stltoday - Quarterly losses continue to mount for Peabody; Company says bankruptcy again an option
https://www.stltoday.com/business/local ... 42d8d.html
https://www.stltoday.com/business/local ... 42d8d.html
Ameren is planning a six-megawatt solar array in Montgomery County. This will add to the one-megawatt array they have at Lambert that is currently sold out. By the end of 2025 Ameren plans on having around 300 megawatts of solar capacity.
In addition to that, the City is launching a workforce development initiative to train residents to work in green industries:
In addition to that, the City is launching a workforce development initiative to train residents to work in green industries:
https://www.stltoday.com/business/local ... 881a2.htmlThe city of St. Louis is taking steps to ensure that an inclusive workforce is prepared to help usher in the steady expansion of solar power, and take advantage of the rising tide of renewable energy jobs. The office of Mayor Lyda Krewson announced last week that “recruitment is now underway for a new green jobs development effort,” set to be piloted this fall.
The pilot looks to place 10 to 20 participants in an environment with supervised field training and mentoring from solar installation experts, who will consider hiring the trainees. The initiative will include an emphasis on boosting diversity in the field while addressing barriers faced by unemployed and underemployed city residents.
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Does the article mention how much more expensive coal will get compared to free energy, though?sc4mayor wrote: ↑Nov 12, 2020Ameren is planning a six-megawatt solar array in Montgomery County. This will add to the one-megawatt array they have at Lambert that is currently sold out. By the end of 2025 Ameren plans on having around 300 megawatts of solar capacity.
In addition to that, the City is launching a workforce development initiative to train residents to work in green industries:
https://www.stltoday.com/business/local ... 881a2.htmlThe city of St. Louis is taking steps to ensure that an inclusive workforce is prepared to help usher in the steady expansion of solar power, and take advantage of the rising tide of renewable energy jobs. The office of Mayor Lyda Krewson announced last week that “recruitment is now underway for a new green jobs development effort,” set to be piloted this fall.
The pilot looks to place 10 to 20 participants in an environment with supervised field training and mentoring from solar installation experts, who will consider hiring the trainees. The initiative will include an emphasis on boosting diversity in the field while addressing barriers faced by unemployed and underemployed city residents.
Are the panels made locally?sc4mayor wrote: ↑Nov 12, 2020Ameren is planning a six-megawatt solar array in Montgomery County. This will add to the one-megawatt array they have at Lambert that is currently sold out. By the end of 2025 Ameren plans on having around 300 megawatts of solar capacity.
In addition to that, the City is launching a workforce development initiative to train residents to work in green industries:
https://www.stltoday.com/business/local ... 881a2.htmlThe city of St. Louis is taking steps to ensure that an inclusive workforce is prepared to help usher in the steady expansion of solar power, and take advantage of the rising tide of renewable energy jobs. The office of Mayor Lyda Krewson announced last week that “recruitment is now underway for a new green jobs development effort,” set to be piloted this fall.
The pilot looks to place 10 to 20 participants in an environment with supervised field training and mentoring from solar installation experts, who will consider hiring the trainees. The initiative will include an emphasis on boosting diversity in the field while addressing barriers faced by unemployed and underemployed city residents.
Ameren has closed on the High Prairie wind farm in northeast Missouri. It stretches across Adair and Schuyler counties with 175 turbines. Ameren has future plans to acquire another wind farm in Atchison County. The two combined will add about 700 megawatts to the grid. High Prairie can power about 120,000 homes.
https://www.bizjournals.com/stlouis/new ... 1zk_Uy3VOU
https://www.stltoday.com/business/local ... op-story-1
https://www.bizjournals.com/stlouis/new ... 1zk_Uy3VOU
https://www.stltoday.com/business/local ... op-story-1
The newly constructed, 400-megawatt project comprises 175 turbines in Schuyler and Adair counties, near Kirksville, in northern Missouri. Ameren expects the facility to produce enough energy to power 120,000 homes in 2021.
The High Prairie Renewable Energy Center marks the start of Ameren’s commitment to wind. A 300-megawatt project in northwest Missouri’s Atchison County is almost finished, and Ameren recently outlined plans to dramatically increase renewable energy production over the next two decades. Technology is making new wind and solar facilities increasingly cost-effective.
By 2030, the now coal-dominated company plans to invest $4.5 billion toward 3,100 megawatts of combined wind and solar generation, which includes the $1.2 billion devoted to the two wind projects. The St. Louis-based utility aims to reduce carbon emissions by 50% in the next decade, compared to 2005 levels, and to reach “net zero” emissions by 2050. It hailed the High Prairie project Wednesday as its “largest step yet” toward those goals.
Great to hear. MO has some catching up to do in terms of wind energy investment/exploitation. These are big steps in the right direction.
I read that as Ameren has closed the High Prairie wind farm. Was wondering why. Good news.
To anyone familiar with this sector, what are the chances of Ameren going after Evergy? Is there any chance they try to expand nuclear again?
To anyone familiar with this sector, what are the chances of Ameren going after Evergy? Is there any chance they try to expand nuclear again?
^ I had read some reporting that floated Ameren as a buyer for Evergy...but it would be a pretty big long shot.
In the meantime...NextEra did make an offer on Evergy earlier this year:
https://www.reuters.com/article/us-ever ... SKBN27P2S8
In the meantime...NextEra did make an offer on Evergy earlier this year:
https://www.reuters.com/article/us-ever ... SKBN27P2S8
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I'm all for renewables, but damn are large wind farms kind of an eye sore. Every time we go up to visit family in Iowa, we're blown away at how many wind turbines there are in Iowa now. There's more every time - they just do not stop building them (it's hard not to see at least one under construction, plus it seems like every few miles you pass one or more semis carrying blades) - and they're absolutely everywhere now. Really jars with the rural landscape, especially at night when all you see is hundreds of red lights blinking simultaneously in every single direction you look.
Just drove back from Chicago at night. These have really proliferated. Red lights blinking in unison across 100's of these between Chicago and Springfield. Virtually none between Springfield and STL.
Wonder what it looks like flying across these areas at night?
Wonder what it looks like flying across these areas at night?
^^I wonder how much this will be a growing issue as the country moves to more renewables. Makes me wonder if nuclear will start to look more attractive.
We didn't mind all the cell towers. And there will be more with 5G, correct?
^ There’s quite a bit of middle ground between a cell tower and a wind turbine though.
Cell towers can be different shapes and sizes. Like the ones that look like streetlights in the city. I saw one disguised as a pine tree out by the Zoo the other day. Can’t do that with a turbine.
Cell towers can be different shapes and sizes. Like the ones that look like streetlights in the city. I saw one disguised as a pine tree out by the Zoo the other day. Can’t do that with a turbine.
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I hope Missouri really embraces renewable energy such and wind and solar in the coming decades. Our energy mix is straight up regressive compared to other states.
Energy Mix by State
Energy Mix by State
Ugh would that put Ameren in line to be acquired? They look pretty small compared to NextEra.sc4mayor wrote: ↑Dec 24, 2020^ I had read some reporting that floated Ameren as a buyer for Evergy...but it would be a pretty big long shot.
In the meantime...NextEra did make an offer on Evergy earlier this year:
https://www.reuters.com/article/us-ever ... SKBN27P2S8
I could see how the presence of large coal companies would have an effect on the energy makeup of Missouri and thus Ameren. I remember reading that they tried expanding nuclear but that didn't make it far.
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Regarding M&A... Evergy is an interesting buyout target...
Market Cap: 12.51BB
Enterprise Value: 22.39BB
Total Debt: 10.24B
Total Debt/Equity: 116.61
Price/Book: 1.42
Generally speaking, I consider companies that have P/Bs below 2 as readily acquirable. They also are saddled with a whole lot of corporate debt, which makes them weak. I also see EVRG's earnings have steadily increased over the past 3 years, respective of the quarter. Heck, I may have to do some more research here and pass this up the chain at work as a possible opportunistic buyout target... Same time, I don't necessarily see Ameren acquiring Evergy in the very near term. Now, I like AEE, better than most utilities, and not just because of any local bias. They have solid metrics and earnings histories. But, they currently show negative levered free cash flow, something that I'd expect to be positive before they go shopping for an acquisition. If I was AEE, I'd remain patient and see what happens with EVRG down the line.
Addn: I don't necessarily see Ameren being a likely buyout target. But, if they go spending monies where they don't need to, then they become a bigger target for acquisition, as a weaker balance sheet could put them in a bind and a want for someone to bail them out. They're too smart for that. If they every do decide to go after EVRG, it would be only when they determine themselves to be able to do it and remain fully independent.
Market Cap: 12.51BB
Enterprise Value: 22.39BB
Total Debt: 10.24B
Total Debt/Equity: 116.61
Price/Book: 1.42
Generally speaking, I consider companies that have P/Bs below 2 as readily acquirable. They also are saddled with a whole lot of corporate debt, which makes them weak. I also see EVRG's earnings have steadily increased over the past 3 years, respective of the quarter. Heck, I may have to do some more research here and pass this up the chain at work as a possible opportunistic buyout target... Same time, I don't necessarily see Ameren acquiring Evergy in the very near term. Now, I like AEE, better than most utilities, and not just because of any local bias. They have solid metrics and earnings histories. But, they currently show negative levered free cash flow, something that I'd expect to be positive before they go shopping for an acquisition. If I was AEE, I'd remain patient and see what happens with EVRG down the line.
Addn: I don't necessarily see Ameren being a likely buyout target. But, if they go spending monies where they don't need to, then they become a bigger target for acquisition, as a weaker balance sheet could put them in a bind and a want for someone to bail them out. They're too smart for that. If they every do decide to go after EVRG, it would be only when they determine themselves to be able to do it and remain fully independent.
Not a whole lot. But a small pocket in the far northwest - Nodaway, Atchison, Worth and Gentry counties - are pretty prime, almost as good for wind as what neighboring Iowa, Nebraska and Kansas are working with.quincunx wrote: ↑Dec 24, 2020How much acreage in MO is suitable for wind?
It's fair to expect most of the Missouri's future utility scale wind power investments will be in that far northwestern corner. Although this latest purchase by Ameren was further east along the Iowa border north of Kirksville.
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Not much. It’s basically limited to the Iowa Border.quincunx wrote:How much acreage in MO is suitable for wind?
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The other major factor (other than where the wind blows) that contributes to the location of these turbines is the migratory pattern of birds. If placed in the wrong place, it can be devastating.
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Totally agree. That mix will finally start to change with Ameren's closure of the coal burning Meramec Plant (St. Louis County) in 2022 and Sioux Plant (St. Charles Country) in 2028, and as more wind capacity comes online.GoHarvOrGoHome wrote: ↑Dec 24, 2020I hope Missouri really embraces renewable energy such and wind and solar in the coming decades. Our energy mix is straight up regressive compared to other states.
Energy Mix by State
I look forward to the closure of the Labadie Plant - one of the largest pollution emitters in the country, 40 miles directly up wind from Downtown St. Louis. Unfortunately that isn't planned or anticipated for at least 20+ years.
Once the next generation of nuclear plants come on line, all of these wind farms will become obsolete overnight.
Nuclear power is the future. It's inevitable. It's just around the corner. Major research breakthroughs are happening every day, and have been for some time. Even die-hard nuclear opponents are starting to come around.
Nuclear power is the future. It's inevitable. It's just around the corner. Major research breakthroughs are happening every day, and have been for some time. Even die-hard nuclear opponents are starting to come around.
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Yep - if America (or any country for that matter) were serious about reducing carbon emissions, they'd be pumping out new nuclear plants left, right, and center. There is absolutely no reason not to, especially with modern reactor designs.
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^I more or less entirely agree with you, but the political cost to the first person that pushes to license more plants would be so absurdly enormous . . . I can imagine a truly unholy alliance of anti-vaxxers, coal rollers, greens . . .
I completely agree with you that nuclear power can be and should be a part of the solution. But how to sell it so people don't lose elections is beyond me.
I completely agree with you that nuclear power can be and should be a part of the solution. But how to sell it so people don't lose elections is beyond me.