London and New York -- General Electric Co. is in talks to buy Alstom SA, the French builder of trains and power plants, people with knowledge of the matter said, in what would be GE’s biggest acquisition ever.
An agreement may be announced as early as next week, said the people, who asked not to be identified because the talks are private. The U.S. company may pay more than $13 billion for Alstom, one of the people said. That would be about 25 percent more than its current market value. Alstom surged as much as 18 percent in Paris trading today, the biggest jump since 2004.
The deal would give the U.S. maker of jet engines and locomotives control of Alstom’s technology for power transmission and power plant maintenance as Europe’s economy starts to revive. A purchase of Alstom, which also sells high- speed TGV trains and rail signals, would be a rare example of a major French company being taken over by a U.S. rival.
“Acquiring Alstom would put an exclamation point on GE’s return to deals,” said Sanford C. Bernstein analyst Steven Winoker. “It is among the best fits we have seen with the GE portfolio for some time.”
GE has been shifting its focus toward units that make jet engines, locomotives and industrial equipment and shrinking the finance division, called GE Capital, which imperiled the company during the global financial crisis. Alstom, based in the Paris suburb of Levallois-Perret, has been selling assets to cut costs and reduce debt.
Shifting Focus
GE Chief Executive Officer Jeffrey Immelt would be able to tap the company’s foreign cash reserves to finance the deal, one of the people said. GE had about $89 billion in cash at the end of last year, including $57 billion held outside the U.S. Large infrastructure contracts increasingly require bidders to put up financing, putting Alstom at a disadvantage.
Fairfield, Connecticut-based GE has the support of Alstom shareholder Bouygues SA, said the people. The French conglomerate owns about 29 percent of Alstom.
“Alstom is not informed of any potential public tender offer for the shares of the company,” it said in an e-mailed statement today. “The group constantly reviews the strategic options of its businesses.” Seth Martin, a spokesman for GE, declined to comment. A Bouygues spokesman said the company supports Alstom and its strategy. He added that Bouygues doesn’t control Alstom, declining to comment further.
Seeking Targets
Alstom shares surged as much as 4.35 euros to 28.69 euros in Paris and were up 13 percent as of 11:17 a.m. Before today, the stock had dropped 20 percent over the past year, making it a cheaper target for GE.
Immelt said this month that GE is looking to make acquisitions in the range of $1 billion to $4 billion and will spend more for targets “that have excellent values, strong synergies, fit our growth strategies and are immediately accretive.”
After years of holding back, large companies are staging a dealmaking comeback in western Europe, with the fastest start to M&A since 2008, before the global financial crisis. The value of takeovers involving companies in the region since the beginning of the year stands at $301 billion, up 20 percent from a year earlier, according to data compiled by Bloomberg.
Protecting Companies
About 640 French companies were acquired by U.S. companies over the last decade for a total of $77 billion, according to data compiled by Bloomberg. Among the biggest deals were the $7.2 billion sale of Danone’s cookies and crackers unit to Kraft Foods Inc. in 2007 and the purchase of Sperian Protection SA by Honeywell International Inc. in 2010 for $1.4 billion.
France’s government can intervene to protect companies it deems to be of national importance from being acquired. In 2005, it passed an anti-takeover decree amid speculation PepsiCo Inc. was planning a bid for Danone.
Alstom is the world leader in turbines for dams, while it lags GE and Siemens AG in gas turbines. It is the third-largest maker of power transmission gear after ABB Ltd. and Siemens, and competes with the German company and Canada’s Bombardier Inc. in the market for trains and other rail equipment.
Alstom CEO Patrick Kron in November outlined plans to sell as much as 2 billion euros in assets including a minority stake in its rail unit by the end of 2014. The company named Bank of America Corp. and Deutsche Bank AG to prepare the rail business deal, people familiar with the matter said in January.
Alstom also is cutting 1,300 jobs, mainly at its information-technology department and boiler units, to reduce costs by as much as 1.5 billion euros by April 2016. The French company is pushing for savings in Europe while investing in partnerships and plants in countries such as China, Russia, Brazil, India and South Africa to tap demand for trains and turbines.
Antitrust Issues
A combination does raise the prospect of European antitrust issues. United Parcel Service Inc., the world’s biggest package-delivery company, scrapped a 5.16 billion euro bid for TNT Express NV last year after European regulators moved to block the deal. GE’s attempt to buy Honeywell International Inc. in 2000 was scuttled as well.
GE and Alstom have already held talks with French government officials about the proposed takeover to preemptively address potential political concerns, one of the people familiar with the situation said.
Shedding Assets
Immelt has been shedding assets, including the sale of NBC Universal last year for $16.7 billion, and using some of the cash for acquisitions that fit his vision for the company. The company has made several purchases in the oil and gas industry, including paying $3.3 billion in April 2013 for Lufkin Industries Inc.
Alstom would be GE’s biggest acquisition, according to data compiled by Bloomberg dating back to 1986. The only deal that would have been larger was its attempt more than a decade ago to buy Honeywell for about $53 billion, including the assumption of debt, the data show.
Alstom had to be bailed out by the French government and banks in 2004 after a series of technical flaws in a gas turbine business it had bought from ABB pushed the company close to collapse in 2003.
Copyright 2014 Bloomberg.
View the original article here
Showing posts with label billion. Show all posts
Showing posts with label billion. Show all posts
Thursday, May 01, 2014
GE Reportedly in Talks to Buy France’s Alstom for $13 Billion
Thursday, May 01, 2014Ярлыки: Alstom, billion, Frances, Reportedly, talks 0 коммент.
Friday, January 24, 2014
Planning Division of most ambitious CO2 and climate Europe
Friday, January 24, 2014
LONDON -- The European Union is poised to take its first formal steps to expand the world’s most ambitious limits on fossil fuel pollution. That may widen a rift in how it balances green policies with the need for cheaper power.
The 28-nation bloc’s regulatory arm is considering a proposal that would slash carbon emissions by 35 percent or 40 percent by 2030, deepening a target that expires in six years, according to a draft of the plan seen before its official release tomorrow in Brussels.
The document will be the starting gun for a debate on the EU’s biggest change in energy policies in more than six years. It will pit countries such as Germany and the U.K. that want to step up efforts to protect the atmosphere against Poland and its allies, which are working to cap electricity costs that in some parts of the region are double U.S. levels.
“This is going to be a very challenging debate on a very complex topic,” said Andrei Marcu, senior adviser at the Centre for European Policy Studies. Marcu said there’s a growing realization that climate leadership “will need to be accompanied by measures that ensure that we’re not endangering the industrial core of Europe.”
Europe’s next move is crucial for the international discussion about how to rein in global warming that scientists say is caused by record gains in fossil fuel pollution. The region has the biggest emissions trading system and the most widespread curbs on carbon emissions, underpinning the United Nations effort involving 190 countries to adopt a global limit.
UN Summit
EU Climate Commissioner Connie Hedegaard is pressing for member states to settle on a general direction for climate policy in time for a Sept. 23 summit, where UN Secretary General Ban Ki-Moon is seeking pledges that can underpin a treaty limiting emissions to be approved in 2015.
The new greenhouse-gas goal will include a common target for about 12,000 utilities and manufacturing companies in the EU emissions trading system. It currently aims to cut pollution by 21 percent in 2020 compared with 2005 levels, the most sweeping limits of their kind in the world. Member nations will also have individual, legally binding targets for sectors that are not covered by the emissions trading system.
The EU benchmark carbon price has slumped about 76 percent in six years as a debt crisis and a recession cut industrial output in Europe, curbing demand for pollution rights. The cost of emitting a metric ton of carbon dioxide hit a record low of 2.46 euros in April last year and was at 5.06 euros today at the ICE Futures Europe exchange in London.
Political Decisions
More than ever before, the bloc’s own political dynamics will intrude on the debate. The European Parliament, which together with the governments decide on the region’s laws, is preparing for elections in May. The five-year term of the current European Commission, the bloc’s regulatory arm, expires in October.
“We should have had a thoughtful discussion about the future energy and climate framework a year or two before elections,” said Jerzy Buzek, ex-president of the EU Parliament and former Prime Minister of Poland. “I am convinced that we can reach a compromise, but now the debate will be mainly driven by politics.”
Energy costs are rising on Europe’s political agenda like never before. German Chancellor Angela Merkel has pledged to overhaul support for renewables after consumer electric bills surged with the nation’s shift away from nuclear power and toward more expensive wind and solar power. U.K. Prime Minister David Cameron is looking for ways to reduce utility costs after the opposition promised to freeze bills. Spain, Italy, Portugal and the Czech Republic have slashed subsidies for solar power.
Energy Costs
Retail power prices have risen 65 percent and natural gas by 42 percent between 2004 and 2011, more than double the inflation rate of 18 percent during the period. That’s according to a draft report by the commission on energy developments in Europe that will be part of the package released tomorrow.
Energy policies, climate ambitions, industrial competitiveness and economic growth are all closely related and need to be discussed together when Europe shapes its future strategy, EU President Herman Van Rompuy said in a letter to member states on Jan. 20. “Each and every one of these issues deserves our utmost attention,” he said.
The gap deepened as the U.S. shale gas revolution brought the world’s biggest economy toward energy independence, an issue spurring oil companies to seek ways to bring hydraulic fracturing technology to Europe.
‘Smart Energy’
“What we must do is to keep climate policy, but we have to put at the same level cost competitiveness for energy and security of supply,” said Emma Marcegaglia, president of BusinessEurope, a Brussels-based employers’ group representing companies from 35 European countries. “If we go for 40 percent unilaterally this would be absolutely against industrial competitiveness of Europe. The goal has to be realistic.”
Utilities such as RWE AG and other companies that invest in power generation say they need some sort of targets from the government to get a sense how energy policy will evolve in the next decade.
“Europe is unlikely to have very cheap energy so we have to have smart energy,” said Jesse Scott, EU policy adviser for Eurelectric in Brussels. She favors energy efficiency projects and replacing imported fuels with electricity, particularly renewable.
Commission Plan
The commission’s paper will set out suggestions for those policies that member governments will debate in the coming months. EU heads of state will discuss the paper at a meeting in Brussels starting March 20. Energy and environment ministers may take up the debate in May in Athens.
The EC’s ambition is to have draft legislation ready by the first quarter of 2015, in time for the UN global warming talks that culminate in December of that year.
Germany, France, Italy and the U.K. all have called for setting a goal of reducing emissions by at least 40 percent by 2030. Poland, which gets 90 percent of its electricity from coal, has campaigned against such strict targets. Many nations haven’t yet said where they stand, waiting for the commission’s proposal to catalyze debate.
Another friction point in the EU plan is whether to have a separate target for renewable energy use. In the 2007, EU leaders pledged to cut emissions by 20 percent and make renewables account for 20 percent of energy consumption by 2020. Germany, France, Ireland, Denmark and Belgium are pushing for a target. The U.K. opposes that, arguing a broader goal to cut emissions by 40 percent, rising to 50 percent in the event of an ambitious global deal, is enough.
Voter Concern
“The voters in many member states will become increasingly resistant to climate targets where they are deemed to be expensive, inflexible and insensitive to national and regional needs,” Cameron wrote in a letter to the European Commission’s President Jose Barroso last month. The U.K. analysis shows that a renewables target would add up to an additional ?9 billion per year to the country’s energy bills in 2030, according to the letter obtained by Bloomberg News.
“Failure to include a binding renewable energy target would completely undo the undisputable success of the existing 2020 target in driving forward renewable energy,” said Claude Turmes, a member of the Greens group in the EU Parliament. “It is a sop to those countries like the UK and Poland that want to pursue risky or dirty energy from nuclear, coal and shale gas, and will totally undermine investor certainty.”
Discord on Renewables
The EU will have to spell out how that target might be enforced and whether it would apply to each member state or to the EU as a whole, both among the most crucial decisions.
One element likely to be excluded from this policy: new ambitions for energy efficiency that build on 2007 priorities.
For environmental groups, the goals being discussed aren’t strict enough, and renewable energy, rather than being a drag on the region’s economy, doesn’t add much to consumer bills. State aid for renewables cost 30 billion euros in 2011, less than the 35 billion euros extended to nuclear and about the same as the 26 billion euros for the fossil fuel industry gets, according to Greenpeace.
“It’s ridiculous to claim that renewable energy subsidies are the cause of high energy bills when they are in fact bringing down wholesale energy prices,” said Frederic Thoma, Greenpeace EU policy adviser in Brussels. “Utilities that have invested heavily in fossil fuels and nuclear energy are the ones that continue to keep household energy prices high.”
Copyright 2014 Bloomberg
View the original article here
The 28-nation bloc’s regulatory arm is considering a proposal that would slash carbon emissions by 35 percent or 40 percent by 2030, deepening a target that expires in six years, according to a draft of the plan seen before its official release tomorrow in Brussels.
The document will be the starting gun for a debate on the EU’s biggest change in energy policies in more than six years. It will pit countries such as Germany and the U.K. that want to step up efforts to protect the atmosphere against Poland and its allies, which are working to cap electricity costs that in some parts of the region are double U.S. levels.
“This is going to be a very challenging debate on a very complex topic,” said Andrei Marcu, senior adviser at the Centre for European Policy Studies. Marcu said there’s a growing realization that climate leadership “will need to be accompanied by measures that ensure that we’re not endangering the industrial core of Europe.”
Europe’s next move is crucial for the international discussion about how to rein in global warming that scientists say is caused by record gains in fossil fuel pollution. The region has the biggest emissions trading system and the most widespread curbs on carbon emissions, underpinning the United Nations effort involving 190 countries to adopt a global limit.
UN Summit
EU Climate Commissioner Connie Hedegaard is pressing for member states to settle on a general direction for climate policy in time for a Sept. 23 summit, where UN Secretary General Ban Ki-Moon is seeking pledges that can underpin a treaty limiting emissions to be approved in 2015.
The new greenhouse-gas goal will include a common target for about 12,000 utilities and manufacturing companies in the EU emissions trading system. It currently aims to cut pollution by 21 percent in 2020 compared with 2005 levels, the most sweeping limits of their kind in the world. Member nations will also have individual, legally binding targets for sectors that are not covered by the emissions trading system.
The EU benchmark carbon price has slumped about 76 percent in six years as a debt crisis and a recession cut industrial output in Europe, curbing demand for pollution rights. The cost of emitting a metric ton of carbon dioxide hit a record low of 2.46 euros in April last year and was at 5.06 euros today at the ICE Futures Europe exchange in London.
Political Decisions
More than ever before, the bloc’s own political dynamics will intrude on the debate. The European Parliament, which together with the governments decide on the region’s laws, is preparing for elections in May. The five-year term of the current European Commission, the bloc’s regulatory arm, expires in October.
“We should have had a thoughtful discussion about the future energy and climate framework a year or two before elections,” said Jerzy Buzek, ex-president of the EU Parliament and former Prime Minister of Poland. “I am convinced that we can reach a compromise, but now the debate will be mainly driven by politics.”
Energy costs are rising on Europe’s political agenda like never before. German Chancellor Angela Merkel has pledged to overhaul support for renewables after consumer electric bills surged with the nation’s shift away from nuclear power and toward more expensive wind and solar power. U.K. Prime Minister David Cameron is looking for ways to reduce utility costs after the opposition promised to freeze bills. Spain, Italy, Portugal and the Czech Republic have slashed subsidies for solar power.
Energy Costs
Retail power prices have risen 65 percent and natural gas by 42 percent between 2004 and 2011, more than double the inflation rate of 18 percent during the period. That’s according to a draft report by the commission on energy developments in Europe that will be part of the package released tomorrow.
Energy policies, climate ambitions, industrial competitiveness and economic growth are all closely related and need to be discussed together when Europe shapes its future strategy, EU President Herman Van Rompuy said in a letter to member states on Jan. 20. “Each and every one of these issues deserves our utmost attention,” he said.
The gap deepened as the U.S. shale gas revolution brought the world’s biggest economy toward energy independence, an issue spurring oil companies to seek ways to bring hydraulic fracturing technology to Europe.
‘Smart Energy’
“What we must do is to keep climate policy, but we have to put at the same level cost competitiveness for energy and security of supply,” said Emma Marcegaglia, president of BusinessEurope, a Brussels-based employers’ group representing companies from 35 European countries. “If we go for 40 percent unilaterally this would be absolutely against industrial competitiveness of Europe. The goal has to be realistic.”
Utilities such as RWE AG and other companies that invest in power generation say they need some sort of targets from the government to get a sense how energy policy will evolve in the next decade.
“Europe is unlikely to have very cheap energy so we have to have smart energy,” said Jesse Scott, EU policy adviser for Eurelectric in Brussels. She favors energy efficiency projects and replacing imported fuels with electricity, particularly renewable.
Commission Plan
The commission’s paper will set out suggestions for those policies that member governments will debate in the coming months. EU heads of state will discuss the paper at a meeting in Brussels starting March 20. Energy and environment ministers may take up the debate in May in Athens.
The EC’s ambition is to have draft legislation ready by the first quarter of 2015, in time for the UN global warming talks that culminate in December of that year.
Germany, France, Italy and the U.K. all have called for setting a goal of reducing emissions by at least 40 percent by 2030. Poland, which gets 90 percent of its electricity from coal, has campaigned against such strict targets. Many nations haven’t yet said where they stand, waiting for the commission’s proposal to catalyze debate.
Another friction point in the EU plan is whether to have a separate target for renewable energy use. In the 2007, EU leaders pledged to cut emissions by 20 percent and make renewables account for 20 percent of energy consumption by 2020. Germany, France, Ireland, Denmark and Belgium are pushing for a target. The U.K. opposes that, arguing a broader goal to cut emissions by 40 percent, rising to 50 percent in the event of an ambitious global deal, is enough.
Voter Concern
“The voters in many member states will become increasingly resistant to climate targets where they are deemed to be expensive, inflexible and insensitive to national and regional needs,” Cameron wrote in a letter to the European Commission’s President Jose Barroso last month. The U.K. analysis shows that a renewables target would add up to an additional ?9 billion per year to the country’s energy bills in 2030, according to the letter obtained by Bloomberg News.
“Failure to include a binding renewable energy target would completely undo the undisputable success of the existing 2020 target in driving forward renewable energy,” said Claude Turmes, a member of the Greens group in the EU Parliament. “It is a sop to those countries like the UK and Poland that want to pursue risky or dirty energy from nuclear, coal and shale gas, and will totally undermine investor certainty.”
Discord on Renewables
The EU will have to spell out how that target might be enforced and whether it would apply to each member state or to the EU as a whole, both among the most crucial decisions.
One element likely to be excluded from this policy: new ambitions for energy efficiency that build on 2007 priorities.
For environmental groups, the goals being discussed aren’t strict enough, and renewable energy, rather than being a drag on the region’s economy, doesn’t add much to consumer bills. State aid for renewables cost 30 billion euros in 2011, less than the 35 billion euros extended to nuclear and about the same as the 26 billion euros for the fossil fuel industry gets, according to Greenpeace.
“It’s ridiculous to claim that renewable energy subsidies are the cause of high energy bills when they are in fact bringing down wholesale energy prices,” said Frederic Thoma, Greenpeace EU policy adviser in Brussels. “Utilities that have invested heavily in fossil fuels and nuclear energy are the ones that continue to keep household energy prices high.”
Copyright 2014 Bloomberg
View the original article here
Ярлыки: ambitious, billion, climate, Division, Europe, Planning 0 коммент.
Wednesday, May 08, 2013
The $40 billion tucked away in list building
Wednesday, May 08, 2013
A pretty great bunch of money--$40 billion--hidden somewhere in the lights AC, thermostats, furnaces, and fans of our offices, shops, hospitals and schools.
This is 20 percent of the amount of money the Federal Government, that we can save annually is estimated through the reduction of energy consumption in commercial buildings by 2020. To achieve the goal, the Obama administration initiated in the year 2011 which encourage better building challenge, a way to investment, exchanging information and demonstration projects, to create energy savings.
It is no small effort. Finding energy savings in buildings, can a where of his Waldo-style mission. Faulty valves are hidden and switch, lighting controls, with human activities and faulty devices, the energy does not suck jive.
The Federal program - efforts - but lead along with other State, city and company to fascinating technologies and demonstration projects.
Seattle's Bullitt Center
Opened in Seattle, a building which describes greenest, as the world's 22nd April. The 50,000 square-foot Bullitt Center is more efficient than is typical to 83 percent. But it does not stop there. The owners want to achieve complete self-sufficiency with energy and water over a year.
Bullitt Center hired a certification process of living building challenge called to reach one of the toughest badge of honor for a building. The standard goes beyond just saving energy and water and requires that the building will help to restore the natural environment.
Natural the Bullitt Center features solar panels, occupancy sensors and data shows that show everything that you would expect, energy consumption and emissions - a contemporary green Building. But there are also other interesting design elements. Mechanical processes are the building in plain view, so everyone inside can better see what's going on. Ninety percent of the lighting is natural. Tenant must keep current households as a term of the lease, and divide them into a net gains incurred by the building dosage. The structure is heavy wood, not the usual steel or concrete the most office buildings. Water only comes out rain treated locally.
The design meets inmates in the direction of energy saving in various ways. For example, the staircase features a spectacular view, is intended to prevent the use of the lift. "There is no such thing as a net zero buildings, only net zero inmates," Luke McKneally said engineering project manager, was cited in a Bullitt-Center-blog by Brad Khan, solar.
Boston' FirstFuel
The United States would achieve quickly the Federal 20 percent target, had their cities blocks and structures Bullitt center type. But, alas, that most of our buildings are good, already built. How do we bring efficiency to the remaining 5 million or so commercial buildings?
FirstFuel software outside of Boston in the city of Lexington has circulated some impressive results in recent months pointed out that 'Zero touch controls' is a path to big savings in existing buildings provide. The company applies advanced analytics to see where a building wastes energy.
What is unique here is that FirstFuel never puts on the building ground foot. Instead, the company delivered uses interval meter data from local utility and some other basic information about the building.
Working with the Department of Defense, PG & E and other great use and FirstFuel federal agencies, says that he has found that building too little or even no cost for investors can reach a large amount of savings through operational improvements.
$12 Million in operating cost savings revealed FirstFuel, when it removed its applied to different types of buildings with a total 60 million square meters building analytics. Extrapolation of his work so far, estimates FirstFuel buildings could save US $17 billion energy costs through operational improvements.
Most common inefficiencies are the most difficult to discover, after FirstFuel. For example, the company found - to the surprise of the building manager - that heating and cooling systems were often at odds. Both would work at the same time as the building to keep the transition from one system to another to a certain temperature. The AC in overdrive to compensate for this place the hot air from the heater.
"We are positioning ourselves as a people, the savings in operation not possible, find other methods," Erik Mazmanian, FirstFuel software marketing and strategy recently said Manager, in an interview.
The company sees achieving its platform as a way to the scale of energy savings. Instead of marketing to build the FirstFuel, Manager, focuses on utilities. In many States, utilities of a specified energy efficiency must annually to see rules for State level. The FirstFuel platform enables them to study swaths of buildings in their service area, and determine where they bang can achieve the most for your buck.
FirstFuel replace analysis not the conventional energy audit - the practical work of engineers and inspectors, working on a building retrofit, Mazmanian said. Instead acts as a type of construction "Guests-keeper," using Analytics to identify operational bottlenecks occur and track then results when they are corrected.
Examples for just two of the many initiatives more efficiently bring both projects - the Bullitt Center and FirstFuel of the analytics are all building. To help the effort, the U.S. Department of energy is beta testing a building performance database with actual statistics about tens of thousands of commercial and residential buildings. In addition, over 110 representative organizations have committed 2 billion square meters to help reach the 20 percent savings targets. Some current additions are Sprint, Macy's and Johnson Controls and the city of Houston.
So that the $40 billion-negawatts pot at the end of the Rainbow may be not easy-to-reach electric - but the construction industry has on the way in the search.
A longtime energy writer, whose blogs of by Reuters, CNN, the New York Times and the Wall Street has been brought down journal ELISA Wood. Her work can be found here.
View the original article here
This is 20 percent of the amount of money the Federal Government, that we can save annually is estimated through the reduction of energy consumption in commercial buildings by 2020. To achieve the goal, the Obama administration initiated in the year 2011 which encourage better building challenge, a way to investment, exchanging information and demonstration projects, to create energy savings.
It is no small effort. Finding energy savings in buildings, can a where of his Waldo-style mission. Faulty valves are hidden and switch, lighting controls, with human activities and faulty devices, the energy does not suck jive.
The Federal program - efforts - but lead along with other State, city and company to fascinating technologies and demonstration projects.
Seattle's Bullitt Center
Opened in Seattle, a building which describes greenest, as the world's 22nd April. The 50,000 square-foot Bullitt Center is more efficient than is typical to 83 percent. But it does not stop there. The owners want to achieve complete self-sufficiency with energy and water over a year.
Bullitt Center hired a certification process of living building challenge called to reach one of the toughest badge of honor for a building. The standard goes beyond just saving energy and water and requires that the building will help to restore the natural environment.
Natural the Bullitt Center features solar panels, occupancy sensors and data shows that show everything that you would expect, energy consumption and emissions - a contemporary green Building. But there are also other interesting design elements. Mechanical processes are the building in plain view, so everyone inside can better see what's going on. Ninety percent of the lighting is natural. Tenant must keep current households as a term of the lease, and divide them into a net gains incurred by the building dosage. The structure is heavy wood, not the usual steel or concrete the most office buildings. Water only comes out rain treated locally.
The design meets inmates in the direction of energy saving in various ways. For example, the staircase features a spectacular view, is intended to prevent the use of the lift. "There is no such thing as a net zero buildings, only net zero inmates," Luke McKneally said engineering project manager, was cited in a Bullitt-Center-blog by Brad Khan, solar.
Boston' FirstFuel
The United States would achieve quickly the Federal 20 percent target, had their cities blocks and structures Bullitt center type. But, alas, that most of our buildings are good, already built. How do we bring efficiency to the remaining 5 million or so commercial buildings?
FirstFuel software outside of Boston in the city of Lexington has circulated some impressive results in recent months pointed out that 'Zero touch controls' is a path to big savings in existing buildings provide. The company applies advanced analytics to see where a building wastes energy.
What is unique here is that FirstFuel never puts on the building ground foot. Instead, the company delivered uses interval meter data from local utility and some other basic information about the building.
Working with the Department of Defense, PG & E and other great use and FirstFuel federal agencies, says that he has found that building too little or even no cost for investors can reach a large amount of savings through operational improvements.
$12 Million in operating cost savings revealed FirstFuel, when it removed its applied to different types of buildings with a total 60 million square meters building analytics. Extrapolation of his work so far, estimates FirstFuel buildings could save US $17 billion energy costs through operational improvements.
Most common inefficiencies are the most difficult to discover, after FirstFuel. For example, the company found - to the surprise of the building manager - that heating and cooling systems were often at odds. Both would work at the same time as the building to keep the transition from one system to another to a certain temperature. The AC in overdrive to compensate for this place the hot air from the heater.
"We are positioning ourselves as a people, the savings in operation not possible, find other methods," Erik Mazmanian, FirstFuel software marketing and strategy recently said Manager, in an interview.
The company sees achieving its platform as a way to the scale of energy savings. Instead of marketing to build the FirstFuel, Manager, focuses on utilities. In many States, utilities of a specified energy efficiency must annually to see rules for State level. The FirstFuel platform enables them to study swaths of buildings in their service area, and determine where they bang can achieve the most for your buck.
FirstFuel replace analysis not the conventional energy audit - the practical work of engineers and inspectors, working on a building retrofit, Mazmanian said. Instead acts as a type of construction "Guests-keeper," using Analytics to identify operational bottlenecks occur and track then results when they are corrected.
Examples for just two of the many initiatives more efficiently bring both projects - the Bullitt Center and FirstFuel of the analytics are all building. To help the effort, the U.S. Department of energy is beta testing a building performance database with actual statistics about tens of thousands of commercial and residential buildings. In addition, over 110 representative organizations have committed 2 billion square meters to help reach the 20 percent savings targets. Some current additions are Sprint, Macy's and Johnson Controls and the city of Houston.
So that the $40 billion-negawatts pot at the end of the Rainbow may be not easy-to-reach electric - but the construction industry has on the way in the search.
A longtime energy writer, whose blogs of by Reuters, CNN, the New York Times and the Wall Street has been brought down journal ELISA Wood. Her work can be found here.
View the original article here
Ярлыки: billion, building, tucked 0 коммент.
Tuesday, March 19, 2013
Obama Congress over $2 billion to clean energy of Research Fund press
Tuesday, March 19, 2013
Obama will challenge the Congress today to the Argonne National Laboratory in Lemont, Illinois, a post the Energy Ministry largest laboratories for scientific and technical research. The so-called energy security trust would be financed over 10 years of State fees on offshore oil and gas drilling, according to the Feds, not identified before the President's speech.The trust reliable resources for the research would offer concentrated on transportation alternatives, said an official yesterday in a briefing with reporters.
The plan last month in the State of the Union address described the Obama, would not need to drill offshore areas open. Revenue for the trust would come from accelerating the approval permits for oil and gas producers to increase production and the increase of income from royalties, lease sales and bonus offers.
Congress has considered similar proposals in the past. In 2009, now House Speaker John Boehner of Ohio's Republicans led an energy that rent money would have directed to the oil business and gas sales pay for clean energy programs Bill was counter to a climate change legislation Democrats push.
Murkowski plan
Another plan by Alaska Senator Lisa Murkowski, top Republican on the Committee revenue energy would be offered by holes on countries that are now banned, such as the Arctic National Wildlife Refuge in Alaska. The White House official said that Obama's proposal would open the refuge to study do not.
The energy fund basic research would be dedicated to, which is to assume a permanent job to the private sector, the official said. Laid the groundwork for hydraulic fracturing, a hole was revolutionized technology, the gas and oil production, decades ago by Government-funded research, the officials said.
While trust will focus on traffic, it is supporting research in a wide variety of fuels and technologies, the officials said.
After posting mixed results of what some critics said energized environmental groups with a promise were for environmental issues in his first term of the President in his inaugural speech this year "Response to the threat of climate change." The energy fund management services would use, which have reduced oil imports and reduced greenhouse gas emissions, the White House official said.
Development of energy and mineral mining lands on United States and off the coast raised about $12 billion for State and Federal Government in the fiscal year 2012, according to Office of natural resources one revenue Division of the Interior Department. That was about $1 billion, more than to be progress in the previous year because more access hydraulic Division of oil and gas producers are found in shale rock formations.
Copyright 2013 Bloomberg
View the original article here
The plan last month in the State of the Union address described the Obama, would not need to drill offshore areas open. Revenue for the trust would come from accelerating the approval permits for oil and gas producers to increase production and the increase of income from royalties, lease sales and bonus offers.
Congress has considered similar proposals in the past. In 2009, now House Speaker John Boehner of Ohio's Republicans led an energy that rent money would have directed to the oil business and gas sales pay for clean energy programs Bill was counter to a climate change legislation Democrats push.
Murkowski plan
Another plan by Alaska Senator Lisa Murkowski, top Republican on the Committee revenue energy would be offered by holes on countries that are now banned, such as the Arctic National Wildlife Refuge in Alaska. The White House official said that Obama's proposal would open the refuge to study do not.
The energy fund basic research would be dedicated to, which is to assume a permanent job to the private sector, the official said. Laid the groundwork for hydraulic fracturing, a hole was revolutionized technology, the gas and oil production, decades ago by Government-funded research, the officials said.
While trust will focus on traffic, it is supporting research in a wide variety of fuels and technologies, the officials said.
After posting mixed results of what some critics said energized environmental groups with a promise were for environmental issues in his first term of the President in his inaugural speech this year "Response to the threat of climate change." The energy fund management services would use, which have reduced oil imports and reduced greenhouse gas emissions, the White House official said.
Development of energy and mineral mining lands on United States and off the coast raised about $12 billion for State and Federal Government in the fiscal year 2012, according to Office of natural resources one revenue Division of the Interior Department. That was about $1 billion, more than to be progress in the previous year because more access hydraulic Division of oil and gas producers are found in shale rock formations.
Copyright 2013 Bloomberg
View the original article here
Ярлыки: billion, Clean, Congress, Energy, Obama, press, research 0 коммент.
Thursday, January 31, 2013
Biodiesel production exceeds 1 billion gallons in 2012
Thursday, January 31, 2013
The U.S. biodiesel industry broke the mark of 1 billion gallons production figures in the year 2012 for the second year in a row, according to the EPA, to the end of the year. The total volume of nearly 1.1 billion gallons exceeded the production 2011 to 6 million gallons, National Biodiesel Board says.
December production was only 59 million gallons, the lowest monthly volume of the year. The decline in production attributed to the National Biodiesel Board uncertainty about the tax credit for biodiesel. Congress renewed the incentive for $1 per gallon on the day of the new year in the framework of the so-called "fiscal cliff" legislation. Under the EPA, biodiesel production is biomass-based diesel category in the renewable fuel standard (RFS) reported. The fuel produced oil, soybean oil and animal fats from a mixture of resources such as recycling. See the press release National Biodiesel Board and EPA RFS website.
View the original article here
December production was only 59 million gallons, the lowest monthly volume of the year. The decline in production attributed to the National Biodiesel Board uncertainty about the tax credit for biodiesel. Congress renewed the incentive for $1 per gallon on the day of the new year in the framework of the so-called "fiscal cliff" legislation. Under the EPA, biodiesel production is biomass-based diesel category in the renewable fuel standard (RFS) reported. The fuel produced oil, soybean oil and animal fats from a mixture of resources such as recycling. See the press release National Biodiesel Board and EPA RFS website.
View the original article here
Ярлыки: billion, Biodiesel, exceeds, gallons, production 0 коммент.
Sunday, July 15, 2012
$1.9 Billion Power Line Opens Renewables for San Diego
Sunday, July 15, 2012
The Sunrise Powerlink transmission line under construction in California.
Credit: San Diego Gas & Electric
The $1.9 billion Sunrise Powerlink, a 500,000-volt transmission line linking San Diego to the Imperial Valley, is now in service after a five-year permitting process and 18 months of construction. San Diego Gas & Electric announced on June 18 that the line will connect San Diego with one of the most renewable-rich regions in California. For environmental reasons, nearly 75% of the tower locations required helicopters to set the tower structures and it took more than 28,000 flight hours to complete the aerial construction.
The Sunrise Powerlink will soon deliver a significant amount of wind and solar power to San Diego. Over the past three years, San Diego Gas & Electric signed eight renewable agreements for more than 1,000 megawatts of solar and wind power from projects in Imperial County. In 2011, more than 20% of the utility's power came from renewable energy, and by 2020, it will get 33% from renewable resources. See the San Diego Gas & Electric press release.
View the original article here
Credit: San Diego Gas & Electric
The $1.9 billion Sunrise Powerlink, a 500,000-volt transmission line linking San Diego to the Imperial Valley, is now in service after a five-year permitting process and 18 months of construction. San Diego Gas & Electric announced on June 18 that the line will connect San Diego with one of the most renewable-rich regions in California. For environmental reasons, nearly 75% of the tower locations required helicopters to set the tower structures and it took more than 28,000 flight hours to complete the aerial construction.
The Sunrise Powerlink will soon deliver a significant amount of wind and solar power to San Diego. Over the past three years, San Diego Gas & Electric signed eight renewable agreements for more than 1,000 megawatts of solar and wind power from projects in Imperial County. In 2011, more than 20% of the utility's power came from renewable energy, and by 2020, it will get 33% from renewable resources. See the San Diego Gas & Electric press release.
View the original article here
Ярлыки: billion, Diego, opens, power, renewables 0 коммент.
Sunday, June 24, 2012
Reports: $257 billion invested worldwide in renewable energy 2011
Sunday, June 24, 2012
Total investment in renewable energy and fuels last year $257 billion, according to two new reports on renewable energy rose by 17% to a record trends of the United Nations (UNEP) and the renewable energy policy network for the 21st century (REN21). The global trends in renewable energy investment 2012 is the fifth edition of the UNEP report. It is based on data by Bloomberg new energy finance. The fact that solar power generation wind passed the renewable energy technology of choice for global investors in the year 2011 will be among the highlights. The global trends in renewable energy investment 2012 report see.
According to the REN21 renewables 2012 global status report, renewable energy continue to grow strongly: in 2011 in all end-use sectors: electricity, heating and cooling and transport. Deliver 16.7% of global energy consumption, renewable sources are grown. Of the release has provided slightly decreased from traditional biomass, while the share of modern technologies for renewable energy has increased relative. Global find the REN21 renewables 2012 status report.
The United States in the year 2011, the gap with China at the top of the ranking investment renewable energy closed. US investment rose by 57% to $51 billion. China, which has led the world for two years, took renewable energy investment of $52 billion, up 17%. The top 7 countries for electricity from renewable energy sources except capacity large hydropower - China, the United States, Germany, Spain, Italy, India and Japan - about 70% of the total non-hydro is renewable world. By the end of 2011, world 1,360 gigawatts (GW), 8% in 2010; exceeded performance overall renewable energy more than 25% of global electricity generation capacity (estimated at 5,360 GW in 2011) and an estimated 20.3% of global power includes renewable energy supplied. See press release of the UNEP.
View the original article here
According to the REN21 renewables 2012 global status report, renewable energy continue to grow strongly: in 2011 in all end-use sectors: electricity, heating and cooling and transport. Deliver 16.7% of global energy consumption, renewable sources are grown. Of the release has provided slightly decreased from traditional biomass, while the share of modern technologies for renewable energy has increased relative. Global find the REN21 renewables 2012 status report.
The United States in the year 2011, the gap with China at the top of the ranking investment renewable energy closed. US investment rose by 57% to $51 billion. China, which has led the world for two years, took renewable energy investment of $52 billion, up 17%. The top 7 countries for electricity from renewable energy sources except capacity large hydropower - China, the United States, Germany, Spain, Italy, India and Japan - about 70% of the total non-hydro is renewable world. By the end of 2011, world 1,360 gigawatts (GW), 8% in 2010; exceeded performance overall renewable energy more than 25% of global electricity generation capacity (estimated at 5,360 GW in 2011) and an estimated 20.3% of global power includes renewable energy supplied. See press release of the UNEP.
View the original article here
Ярлыки: billion, Energy, invested, renewable, reports, worldwide 0 коммент.
Friday, April 06, 2012
Grid-scale Energy Storage: Lux Predicts $113.5 Billion in Global Demand by 2017
Friday, April 06, 2012
In the grid-scale sector alone, Lux predicts an average year-on-year demand growth of 231 percent from 2012 through 2015 when the growth rate moderates to 43 percent per year for 2016 and 2017. The forecast is tempered, however, by a cautionary note that demand of that magnitude can't be satisfied because "Believe it or not, the grid storage market will be supply-constrained in 2017."
Technologies and players
The eight energy storage technologies Lux evaluated for their new report are summarized in the following table, along with the price and performance metrics highlighted in beige. Comparable price and performance metrics from a recent Sandia National Laboratories "Energy Storage Systems Cost Update" are also presented and highlighted in green. While there's room to quibble over the details and users of Lux's Smart Grid Storage Tracker and Demand Forecaster can fine tune the price and performance variables to suit their analytical needs, the parallels between the two sets of system cost estimates are close enough to lend substantial credence to Lux's basic assumptions.
Based on a comprehensive evaluation of various local factors including "utility market structure, generation technology compositions, peak power demand, demand growth rate, infrastructure growth rate, penetration and growth rate of intermittent renewable energy sources, grid reliability, [time of use] electricity rates, commercial demand charges, and outage costs," Lux concluded that Japan, China, the United Kingdom, Germany, and the State of Arizona will be the top five regions for grid storage and collectively account for about 58 percent of global demand in 2017. Japan and China will each account for about 18 percent; United Kingdom and Germany, will each account for about 9 percent; and the US will account for about 23 percent, with Arizona alone accounting for 4 percent of global demand.
Some of the more surprising conclusions in the Lux report related to the relative importance of the various grid-scale applications by 2017. For me the biggest surprise was the conclusion that the current killer apps, ancillary services and renewable energy integration, will only account for 1.4 percent of global demand in 2017 while renewable energy time shifting will account for an impressive 54 percent of demand, or $61 billion in annual revenue potential. I was also surprised by the conclusion that high spreads between peak and off-peak electricity prices would create a major market opportunity in the residential and commercial sectors, which account for 28 percent and 17 percent, respectively, of the 2017 demand forecast.
Based on their in depth evaluation of application requirements and the price and performance of the eight energy storage technologies they evaluated, Lux reported that:
Li-ion takes the early lead, but fades to cheaper alternatives. Li-ion batteries for [power] applications capture nearly 80% of the market in 2012, but quickly fade as cheaper molten-salt and flow batteries become available in the ensuing years. By 2017, Li-ion batteries capture only 13% of the market, yielding 33% to vanadium redox batteries and a nearly even split of the rest of the market between sodium sulfur, sodium nickel chloride, and zinc bromine flow batteries at 19%, 15%, and 19%, respectively. This indicates the short timeframe Li-ion battery developers have to reduce their costs. In the long run, systems with discharge durations between two hours and four hours are the “sweet spot” size for most grid applications. Currently, Li-ion batteries are sought-after due to their availability and proven performance. Flow batteries and molten salt batteries, both of which perform well for longer discharge applications, have shown comparable performance to Li-ion batteries at a fraction of the cost and are currently limited by their availability and proven reliability. Flywheels retain 2% of the market in 2017 and find their niche in relatively small frequency regulation market and other niche applications that require rapid discharge capabilities, short durations, and an extremely long cycle life.
Many participants in the lithium-ion battery sector are developing and demonstrating grid-scale energy storage products. To date, the highest profile player has been A123 Systems (AONE), which has shipped over 90 MW of storage systems for ancillary services and renewables integration. While Johnson Controls (JCI) has been quiet about its plans to package and sell lithium-ion batteries for stationary applications, I have to believe the global footprint and sterling reputation of its building efficiency unit will make it a formidable competitor in the commercial markets.
Sodium Nickel Chloride, or Zebra, batteries have been a relatively low profile chemistry for years. They were originally developed by Daimler for use in electric vehicles but failed to gain much traction in that market despite a decade of solid performance in a 3,000 vehicle fleet that's logged over 150 million kilometers. In 2009 General Electric (GE) announced plans to build a NaNiCl factory in New York. In 2010, Italy's Fiamm bought a controlling interest in Swizerland's MES-DEA, the sole European manufacturer of NaNiCl batteries, and is now doing business as FZ Sonick. Both firms are rapidly ramping their marketing efforts on grid-scale systems.
The largest manufacturer of sodium sulfur batteries is Japan's NGK Insulators (NGKIF.PK), which was the global leader in grid-scale storage for the over a decade with an installed base of over 300 MW. NGK had a spotless safety record until late last year when they suspended NaS battery sales and asked customers to refrain from using installed systems pending completion of an investigation into the cause of a battery fire in Japan. Last year, NGK accounted for roughly 54 percent of the grid-scale energy storage market. While NGK's market share will fall as other technologies gain traction in the grid-scale markets, its revenues should continue to ramp because of rapid overall growth rates in the sector.
Technologies and players
The eight energy storage technologies Lux evaluated for their new report are summarized in the following table, along with the price and performance metrics highlighted in beige. Comparable price and performance metrics from a recent Sandia National Laboratories "Energy Storage Systems Cost Update" are also presented and highlighted in green. While there's room to quibble over the details and users of Lux's Smart Grid Storage Tracker and Demand Forecaster can fine tune the price and performance variables to suit their analytical needs, the parallels between the two sets of system cost estimates are close enough to lend substantial credence to Lux's basic assumptions.
Based on a comprehensive evaluation of various local factors including "utility market structure, generation technology compositions, peak power demand, demand growth rate, infrastructure growth rate, penetration and growth rate of intermittent renewable energy sources, grid reliability, [time of use] electricity rates, commercial demand charges, and outage costs," Lux concluded that Japan, China, the United Kingdom, Germany, and the State of Arizona will be the top five regions for grid storage and collectively account for about 58 percent of global demand in 2017. Japan and China will each account for about 18 percent; United Kingdom and Germany, will each account for about 9 percent; and the US will account for about 23 percent, with Arizona alone accounting for 4 percent of global demand.
Some of the more surprising conclusions in the Lux report related to the relative importance of the various grid-scale applications by 2017. For me the biggest surprise was the conclusion that the current killer apps, ancillary services and renewable energy integration, will only account for 1.4 percent of global demand in 2017 while renewable energy time shifting will account for an impressive 54 percent of demand, or $61 billion in annual revenue potential. I was also surprised by the conclusion that high spreads between peak and off-peak electricity prices would create a major market opportunity in the residential and commercial sectors, which account for 28 percent and 17 percent, respectively, of the 2017 demand forecast.
Based on their in depth evaluation of application requirements and the price and performance of the eight energy storage technologies they evaluated, Lux reported that:
Li-ion takes the early lead, but fades to cheaper alternatives. Li-ion batteries for [power] applications capture nearly 80% of the market in 2012, but quickly fade as cheaper molten-salt and flow batteries become available in the ensuing years. By 2017, Li-ion batteries capture only 13% of the market, yielding 33% to vanadium redox batteries and a nearly even split of the rest of the market between sodium sulfur, sodium nickel chloride, and zinc bromine flow batteries at 19%, 15%, and 19%, respectively. This indicates the short timeframe Li-ion battery developers have to reduce their costs. In the long run, systems with discharge durations between two hours and four hours are the “sweet spot” size for most grid applications. Currently, Li-ion batteries are sought-after due to their availability and proven performance. Flow batteries and molten salt batteries, both of which perform well for longer discharge applications, have shown comparable performance to Li-ion batteries at a fraction of the cost and are currently limited by their availability and proven reliability. Flywheels retain 2% of the market in 2017 and find their niche in relatively small frequency regulation market and other niche applications that require rapid discharge capabilities, short durations, and an extremely long cycle life.
Many participants in the lithium-ion battery sector are developing and demonstrating grid-scale energy storage products. To date, the highest profile player has been A123 Systems (AONE), which has shipped over 90 MW of storage systems for ancillary services and renewables integration. While Johnson Controls (JCI) has been quiet about its plans to package and sell lithium-ion batteries for stationary applications, I have to believe the global footprint and sterling reputation of its building efficiency unit will make it a formidable competitor in the commercial markets.
Sodium Nickel Chloride, or Zebra, batteries have been a relatively low profile chemistry for years. They were originally developed by Daimler for use in electric vehicles but failed to gain much traction in that market despite a decade of solid performance in a 3,000 vehicle fleet that's logged over 150 million kilometers. In 2009 General Electric (GE) announced plans to build a NaNiCl factory in New York. In 2010, Italy's Fiamm bought a controlling interest in Swizerland's MES-DEA, the sole European manufacturer of NaNiCl batteries, and is now doing business as FZ Sonick. Both firms are rapidly ramping their marketing efforts on grid-scale systems.
The largest manufacturer of sodium sulfur batteries is Japan's NGK Insulators (NGKIF.PK), which was the global leader in grid-scale storage for the over a decade with an installed base of over 300 MW. NGK had a spotless safety record until late last year when they suspended NaS battery sales and asked customers to refrain from using installed systems pending completion of an investigation into the cause of a battery fire in Japan. Last year, NGK accounted for roughly 54 percent of the grid-scale energy storage market. While NGK's market share will fall as other technologies gain traction in the grid-scale markets, its revenues should continue to ramp because of rapid overall growth rates in the sector.
Ярлыки: billion, demand, Energy, global, Gridscale, Predicts, storage 0 коммент.
Wednesday, March 28, 2012
Army wants $7 billion in industry partnerships for renewables
Wednesday, March 28, 2012This is an excerpt from EERE network news, a weekly electronic newsletter.
The army reported on 19 March, that it to invest up to $7 billion over the next 10 years in renewable energy sources, like wind, solar, biomass and geothermal energy will partner with the economy. The military Department has released a draft of a request for proposal (RFP), starting several projects nationwide could allow. The draft RFP, indicating that the army intends to buy especially renewable generated electricity through power purchase agreements with the project developer.
The investment will help, the army achieve its goal with 25% of his estimated 2.5 million megawatt hours come to the year 2025 from renewable sources. In addition to energy savings, aspire to create installations that alternative forms of energy, which leave them "Island" or continue to the power grid should fail.
The army energy of initiatives task force (EITF) serves as the central management to plan and executing large renewable energy projects of more than 10 megawatts (gross enough, makes 30,000 houses) will be on Army installations, achieved through the use of private-sector financing. In the spring, a renewable energy project guide for comment is issued.
The task force works closely with the U.S. Army Corps of engineers, a call for tenders to develop under the multiple award order contract (MATOC). The MATOC provides a two-stage process. In the first step, companies range first proposals and qualifications that are not specific to the project. The draft is RFP for the MATOC for public comments until March 24. The EITF plans to a Summit in May to meet leaders, as well as specific projects with the industry and the development of renewable energy. See army news report on the initiative and the draft of a call to the army acquisition business website.
Ярлыки: billion, industry, Partnerships, renewables, wants 0 коммент.
Thursday, March 22, 2012
Shares of Chinese solar billionaire GCL-poly drop 4.8% in the midst of excess
Thursday, March 22, 2012
The most important company controlled by China's richest solar energy entrepreneurs fell by 4.8% in Hong Kong on Friday after a disappointing result report.
GCL-poly energy holdings, which used polysilicon solar cells makes fell HK$ 2.38, their lowest close since mid-January. GCL shares lost about 40% of their value last year.
Net profit of the company rose finished only 6% compared to December 31, this year, although sales increased by 38% to HK$ 25.5 billion or $3.3 billion, the company said on Thursday. Profit was due to falling prices amid industry overcapacity and follow the European financial crisis hurt.
Chairman Zhu place no. 601 at the 2012 Forbes billionaires list with assets of $2.1 billion.
China has in recent years until in the ranks who shot world's largest solar equipment and Panel suppliers. But the wealth of many of their other suffered solar also much late leader in the midst of falling prices. Suntech Power, led by former billionaire Shi Zhengrong, shares have plunged more than 60% last year. US-led Yingli Green energy have about the same amount of fallen.
GCL-poly energy holdings, which used polysilicon solar cells makes fell HK$ 2.38, their lowest close since mid-January. GCL shares lost about 40% of their value last year.
Net profit of the company rose finished only 6% compared to December 31, this year, although sales increased by 38% to HK$ 25.5 billion or $3.3 billion, the company said on Thursday. Profit was due to falling prices amid industry overcapacity and follow the European financial crisis hurt.
Chairman Zhu place no. 601 at the 2012 Forbes billionaires list with assets of $2.1 billion.
China has in recent years until in the ranks who shot world's largest solar equipment and Panel suppliers. But the wealth of many of their other suffered solar also much late leader in the midst of falling prices. Suntech Power, led by former billionaire Shi Zhengrong, shares have plunged more than 60% last year. US-led Yingli Green energy have about the same amount of fallen.
Ярлыки: billion, Chinese, Energy, solar 0 коммент.
Wednesday, December 28, 2011
TEPCO seeks compensation $9 billion more for Fukushima
Wednesday, December 28, 2011
(Reuters) - Tokyo Electric Power Co. a body called for Government-backed rescue operation on Tuesday to help compensate victims of the nuclear crisis of his Fukushima Daiichi plant an additional 690 billion yen ($8.8 billion).
Japan's largest utility, called Tepco, costs help runs in trillion yen for compensation and cleanup that had Government already in November to meet agreed 890 billion yen through a bailout Fund.
"We have reviewed the estimated sum of compensation, after the Committee addressing compensation disputes providing for additional measures decided to compensate victims of that voluntarily evacuated," Tepco said in a statement.
TEPCO was 11 March can expect by the earthquake and tsunami in October by a consultative Panel it said compensation against bills for about 4.5 trillion yen in the first two years after the crisis, triggered.
Earlier this month guidelines said a separate control panel for compensation that Tepco can expect bills for a further 200 billion yen, media reported.
Trade Minister Yukio Edano, head of energy policy, is request expected on Tuesday already in January, approve a source of close to the matter of told of Reuters.
The March accident knocked reactor cooling systems at the plant, 240 km (150 miles) northeast of Tokyo, triggering meltdowns and radiation leaks, the approximately 80,000 forced people had to leave their homes.
The roots of the crisis have been Tepco of independence into question, and sources told of Reuters already can inject the Government about $13 billion in it this month next summer in a de-facto nationalization.
The utility also additional credits and plans to companies electricity tariffs struggle with the cost of fuel, thermal loss looking for nuclear power, in April.
The crisis has on the Government, review its energy policy encouraged and Edano is set to announce later Tuesday with an agenda for the discussion of reform of the power supply.
This is expected to include separation of energy production and transmission, that help would deregulate enter through the smaller players, media reported. ($ 1 = 78.1000 Japanese yen)
Ярлыки: 9, billion, crisis, Fukushima, TEPCO, tokyo, yen 0 коммент.
Wednesday, August 17, 2011
Iraq is agree, $6 billion Karbala refinery deal
Wednesday, August 17, 2011
Browse related articles written by staff reporterin connectionMonday, July 25-2011 local 09: 13 UAE time (GMT + 4)
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Ярлыки: agree, billion, Karbala, refinery 0 коммент.
Thursday, August 04, 2011
India approved reliance-BP deal $7.2 billion
Thursday, August 04, 2011NEW DELHI - India Friday approved proposed $7.2 billion sale of assets to BP PLC reliance Industries Ltd., paving the way for the u.k.-oil Giants biggest venture in the South Asian nation.
Ben Stanton all/Agence France-Presse/Getty Images reliance industries Chairman and Managing Director Mukesh Ambani addresses one press conference with BP Chief Executive Bob Dudley and Chairman Carl-Henrik Svanberg (not shown) in the Centre of London on 21 February 2011.Companies have been waiting for approval by the Federal Government controlled agreed since February as reliance, by billionaire Mukesh Ambani a 30% stake in BP 23 oil and gas blocks for $7.2 billion plus another $1.8 billion selling exploration success combined. The business encompasses the D6 block in the Krishna Godavari basin, India's richest gas find so far, and reliance already $2 billion received from BP.
Oil Minister Jaipal Reddy said that his Ministry is the Cabinet Committee on Economic Affairs, to approve the offer for 21 blocks, since there were some technical problems on two non-producing units. The Ministry can in future grant or refuse consent on the two blocks, he added.
"This is one of the large foreign investments in the history of India," said Mr Reddy. "This transaction means not only investments of $7.2 billion by a foreign company in India, it means also the induction of vast knowledge on the India's hydrocarbon sector".
Under the February agreement, BP and confidence create an equally-owned joint venture for the procurement and distribution of natural gas in India. The venture requires no approval of the Government.
BP Chief Executive, Robert Dudley, said the energy giant is hoping that business in a matter of weeks to complete.
Dependency not immediately comment on the announcement.
Investments in future develop Indian assets bring your total payments on $20 billion, BP previously had said.
The deal continues to increase exploration BP access to new hydrocarbon resources and markets in line with its strategy and access to new exploration, especially as it still resume, drilling in the Gulf of Mexico after the last year's oil spill areas it.
Trust drilling is know-how to increase gas production expected by BP "Deepwater" by to win. The company D6 block expects that boost, but more technical and geological problems led India's gas output from the field of the eastern coast of below 50 million metric standard cubic metres per day of 60 MMSCMD last year.
Depending on the market valuation has a hit due to, including the decline in the production of gas emitted. Its shares closed at 873.60 rupees ($19.67) before the announcement on the Bombay Stock Exchange 1.5%. The benchmark index closed up 1.6%.
-Eric Yep in Mumbai & Alexis Flynn in London contributed to this report.Write to Rakesh Sharma at the rakesh.sharma@dowjones.com and Mukesh Jagota at mukesh.jagota@dowjones.com
Ярлыки: approved, billion, India, relianceBP 0 коммент.
Monday, May 23, 2011
Transocean shareholders OK $1 billion dividend
Monday, May 23, 2011
Shareholders of Transocean dividend approved $ 1 billion on Friday and a company's backup plan, directors and executive officers for the liability due to last year's Gulf of Mexico oil spill relief rejected.The company said also former Chairman and CEO j. Michael Talbert was Chairman to replace, the retirement of Robert E. Rose.Transocean the deepwater horizon rig, the BP leasing and when an explosion killed 11 workers and created the spill was elected. Both companies face lawsuits.Transocean Board members suggested that even discharge and executives of the company from liability for any actions in 2010, say the practice is common, that companies in the Switzerland, where Transocean is now based. The company has major offices in Houston. Shareholders, who for the proposal voted would be effectively their right to attend shareholders decreased complaints about the rig explosion.The $1 billion dividend will be paid in installments. A previous dividend of shareholders was approved by a Swiss Court last year because of complaints about the oil spill blocked.
Ярлыки: billion, dividend, shareholders, Transocean 0 коммент.
Sunday, March 13, 2011
TNK-BP provides $8.16 billion BP participation buy: report
Sunday, March 13, 2011LONDON | Tue Mar 1, 2011 9:35 pm EST
LONDON (Reuters) - TNK-BP TNKBP.UL has offered to buy a 5-percent stake in BP for deal in an attempt, a dispute over BP proposed 5 billion pounds ($8.16 billion) with Rosneft (ROSN.)(MM), the times said on Wednesday.
BP's Russian joint venture would to buy the BP shares and then Exchange it for a 10-percent stake in Russian State-controlled Rosneft, mirroring the original BP Rosneft deal, told the times.
But would under the new proposal at a meeting on Friday discussed are, the TNK-BP Rosneft, instead of BP and BP participation possession would be ? 5 billion in cash, the newspaper win added.
BP and Rosneft struck an agreement in January, to develop Arctic oil and gas, and you also a share-swap agreement signed.
But Russia associated shareholders of TNK-BP, said the deal violated the shareholder agreement with BP and won an injunction in a London Court to keep.
(Reporting by Karolina day OS;) (Editing by Bernard Orr)
Ярлыки: billion, participation, provides, report, TNKBP 0 коммент.
Friday, March 11, 2011
Qatar set to 3 billion $ in the value of contracts for World Cup City Award
Friday, March 11, 2011Navigate the related articles written by staff reporterin connectionWednesday, March 02-2011 09: 48 UAE local time (GMT + 4)
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Ярлыки: Award, billion, contracts, Qatar, value, World 0 коммент.
Friday, March 04, 2011
PPL, E.On UK electricity networks for $6 billion to acquire
Friday, March 04, 2011Ярлыки: acquire, billion, electricity, networks 0 коммент.
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