Energy Update
Certain anti-solar forces are spending hundreds of thousands of dollars trying to convince everyone (though the popular press and consumers are the main targets) that solar customers are stealing money from non-solar customers.
WASHINGTON, Sept 27 (Reuters) - Wells Fargo Bank has settled
federal charges over inaccurate large trader reports for
physical commodity swaps positions, the U.S. Commodity Futures
Trading Commission said on Tuesday, ordering the firm to pay a
$400,000 penalty.
Hamburg Senator for Trade, Transport and Innovation Frank Horch last week initiated trial operations of an energy storage facility that was built with 2,600 used battery modules from more than 100 electric vehicles.
BARCELONA, Sept 27 (Thomson Reuters Foundation) - A sharp
increase in methane, a potent greenhouse gas, in the Earth's
atmosphere since 2007 is the result of higher emissions from
biological sources such as rice paddies, cattle and swamps
rather than fossil fuels, researchers said on Tuesday.
ATHENS, Sept 27 (Reuters) - Azerbaijan's state energy
company SOCAR has agreed to extend by a month a letter of
guarantee for its acquisition of Greek gas network operator
DESFA, the office of the Greek prime minister said on Tuesday.
Over the first eight months of this year, Spain averaged an impressive 47.2 percent renewable energy share in its generation mix.
LONDON, Sept 27 (Reuters) - Renewable energy will not be
cost competitive with fossil fuels until 2050, Glencore
said on Tuesday, much later than energy organisations forecast
and supporting the mining and trading giant's case for continued
investment in coal.
RIYADH/DUBAI, Sept 27 (Reuters) - A decision to slash
ministerial pay by a fifth reflects Saudi Arabia's resolve to
nudge its citizens into tolerating a fall in living standards at
a time of low oil prices.
Ross McCracken blogs on the Abu Dhabi Water and Electricity Authority, which confirmed in September that it had received the lowest bids ever for solar power.
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