Monthly Archives: January 2012

“The coming US-China solar war”: Time.

Time: “If you’re buying solar panels or running a business installing them, life is good, but if you own a company that actually makes solar equipment in the U.S., you’re looking at a lot of red ink. That’s because solar power is getting much cheaper — prices for modules… Read-more
Posted in Clean Energy Tagged with: ,

Fred Goodwin, former RBS CEO, to be stripped of knighthood.

In this effort to defuse public anger, he joins Soviet spy posing as Cambridge academic Anthony Blunt.… Read-more
Posted in Finance Tagged with: ,

Dismay as Spain freezes all support for new renewables projects.

Arguing the strictures of austerity, the Spanish government calls a moratorium, end date to be announced. Spain’s wind energy association says the moratorium “puts at risk a sector which is a world leader that exports goods and services of more than €2.4bn per year, and is fundamental for Spain’s… Read-more
Posted in Clean Energy Tagged with: ,

Solar now cheaper than diesel in India making Mittal, Coca-cola and others believers.

Bloomberg: “India is producing power from solar cells more cheaply than by burning diesel for the first time, spurring billionaire Sunil Mittal and Coca-Cola Co. (KO)’s mango supplier to jettison the fuel in favor of photovoltaic panels. The cost of solar energy in India declined by 28 percent… Read-more
Posted in Clean Energy Tagged with: , ,

UK government loses appeal on illegality of DECC’s solar feed-in tariff cuts.

Three more judges rule, in the Appeal Court that the government’s proposal to cut tariffs from 12 December was illegal. Business Green: “Jeremy Leggett, chairman of Solarcentury, said the news was a positive outcome for the entire renewable energy industry: “Today we have reminded government that it will… Read-more
Posted in Clean Energy, Commentaries Tagged with: ,

“The carbon bubble will burst – we must be prepared this time”.

Business Green: “This is really important. No matter where you stand in the green debate, the threat posed by the systemic over valuation of carbon intensive firms and assets is a critical issue that should concern you – really, really concern you.” …. That is the warning currently being… Read-more
Posted in Climate, Commentaries, Finance Tagged with: ,

Areva says private investigator was hired, as ex boss goes legal.

FT:  “A senior director at Areva, France’s state-owned nuclear champion, has confirmed that he did hire a Swiss intelligence firm to examine its disastrous €1.8bn purchase of a uranium miner but denied that it was part of a plot against Anne Lauvergeon, the company’s former chief executive.” Anne… Read-more
Posted in Nuclear Tagged with: ,

FT: “Radiant outlook for energy sector” …meaning gas.

The S&P 500 is having its best start since 1987, especially in energy stocks, after a disappointing 2011, wherein when the single worst-performing share was First Solar A short on the shares was the most profitable position in 2011 for some hedge funds, such as Greenlight. “Many future deals will… Read-more
Posted in Clean Energy, Finance, Gas Tagged with:

“‘Atomic Anne’ leaves Areva under a cloud”: FT.

FT: “Areva’s former chief executive made the startling claim on Monday that, during her 10-year spell in charge of the company, her erstwhile colleagues had arranged for her to be “attacked, slandered and spied on”. Areva declines to comment on her allegation of clandestine inquiries into her life and… Read-more
Posted in Nuclear Tagged with: , ,

Investors ask BoE to probe risk that fossil-fuel reserves pose “sub-prime” risk.

Fossil fuel reserves listed in the City of London are “sub-prime” assets posing a systemic risk to economic stability. So warns a high-profile coalition of investors, politicians and scientists , writing an open letter to Sir Mervyn King asking him to launch an investigation. Signatories include Aviva Investors, Climate… Read-more
Posted in Climate, Coal, Commentaries, Finance, Gas, Oil Tagged with: , ,

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