Energy Update
We’ve seen it before. Tough talk in the early ’70s for an energy independent America as OPEC’s oil embargo quadrupled the price of petroleum from $2.90 a barrel to $11.65 a barrel. Then, in close pursuit, came the second oil shock of 1980 as the Iranian Revolution halted oil shipments, skyrocketing prices from $13 to $34 a barrel.
Getting extra power to where it’s needed is a tricky business, often requiring millions of dollars in investments. Now a solar-industry veteran has proposed a cheaper alternative: juice stored in batteries that are delivered by truck, rail or barge.
With the keynote that Nepal requires US$20 billion to develop 10 GW of on-grid hydropower projects in the next 10 years, the largest power investment conference concluded successfully today in Hotel Yak & Yeti, Kathmandu.
The month of May saw some upheaval in the marketplace lending industry with the abrupt resignation of the CEO of leading peer-to-peer lending platform, Lending Club. The crisis has led to speculation regarding the viability of the broader marketplace lending business model. Critics cite high balance sheet risk, limited transparency, and insufficient federal regulation.
My curiosity was piqued last summer when I received an email from a Minnesota friend, who had a community solar question. “A solar company is trying to sell my mom part of a ‘solar garden.’ Is it a scam?” A week later, a different friend asked the same question and I started to wonder what was going on.
JOHANNESBURG, June 3 (Reuters) - South African gold mining
firms plan to appeal against a High Court ruling that allowed
class action suits seeking damages for up to half a million
miners who contracted the fatal lung disease silicosis and
tuberculosis, they said on Friday.
HAVANA, June 3 (Reuters) - Leaders of Caribbean countries
are set to arrive in Cuba on Friday to attend a regional summit
where Venezuela's embattled, socialist government will seek
support as opposition at home and abroad intensifies.
June 3 (Reuters) - Power producer Talen Energy Corp
said private equity firm Riverstone Holdings LLC will buy the
remaining stake it does not already own in the company for about
$1.8 billion.
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