10/17/2021

News

SunEdison audit panel identifies cash accounting issues

SunEdison Inc said an independent audit committee had identified several issues with the company’s cash-flow management but found no “material misstatements” in its historical financial reports.

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China Waste 20 Percent of Wind Power Generated in 2015

Critics have accused local governments of focusing on capacity rather than efficiency and utilization, hitting renewable energy targets by building windfarms in regions plagued by low wind speeds and insufficient grid capacity.

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US Hi-Tech Energy Agency Chief Aims to Outperform Tesla

“”What Musk has done that is creative and important is drive the learning curve. He’s decided to take an existing, pretty powerful battery technology and start producing it on a very large scale,”” she said.
“”But it’s not technology innovation in the sense of creating new ways of doing it. We are pretty well convinced that some of our technologies have the potential to be significantly better,”” Williams said.

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In Coal-Powered China, Electric Care Surge Fuels Fear of Worsening Smog

A series of studies by Tsinghua University, whose alumni includes the incumbent president, showed electric vehicles charged in China produce two to five times as much particulate matter and chemicals that contribute to smog versus petrol-engine cars. Hybrid vehicles fare little better.

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Solar Investors Join List of Those Smarting from $30 Per Barrel Oil

But a sharp slide in the price of oil to 12-year lows this week has rekindled long-held worries that low fossil fuel prices will sap demand for renewable energy sources. Many say those worries are misplaced, yet they have affected share prices.

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California Prison Reforms Have Reduced Inmate Numbers, Not Costs

Now, three years after implementing the changes, California has reduced its prison population by some 30,000 inmates, and the state is in the vanguard of a prison reform movement spreading across the country, with support from both the right and the left. But the promise of savings – a chief goal of prison reform nationwide – has not been realized. Instead, costs have risen.

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US Solar Industry Battles “White Privilege” Image Problem

Despite a sharp drop in the price of solar panels and innovative financing plans that have brought the technology to many middle income households over the past decade, it is still seen as a luxury only rich, mostly white, consumers can afford. . . Data from U.S. online solar marketplace EnergySage showed that just 4 percent of more than 10,000 people actively shopping for solar systems on its site identified themselves as black, with 11 percent split between Hispanic and Asian shoppers. Those who identified themselves as white made up 73 percent of the shoppers and the rest did not declare their race. EnergySage said nearly 80 percent of shoppers reported household incomes of $50,000 or more and nearly a third declared incomes of $125,000 or more.

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French Power Providers Face 11 pct Rise in Renewables Surcharge in 2016

The rising cost of funding renewable energy means utility EDF and other French power providers face an 11 percent rise next year in a surcharge they pay that is used to subsidise the renewable sector, the energy watchdog said on Thursday. That is less than the 17 percent rise this year, however.

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Green Financing Has Hobbled Home Sales in California

Sancho Lopez, a Riverside police officer and homeowner in an adjacent county, experienced the problem first-hand. He and his wife financed the $40,000 cost of 21 dual-pane, energy efficient windows and two sliding doors with a PACE loan. When they decided to sell their house, their realtor warned them it wouldn’t be easy. The house sat on the market for 10 months, and it is in escrow now, Lopez said, only because he has agreed to pay off the loan balance – now $46,000 because of interest and fees.

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US Consumer Sentiment Rebounds; Industrial Output Weak

U.S. consumer sentiment rebounded strongly in early October, suggesting that the economic recovery remained on track despite headwinds from a strong dollar and weak global demand that have weighed on the industrial sector, particularly manufacturing.

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Weak US Retail Sales, Inflation Data Cloud Rate Hike Outlook

U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight months, raising further doubts about whether the Federal Reserve will raise interest rates this year.

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India Leads Asia’s Dash for Coal as Emissions Blow East

India is opening a mine a month as it races to double coal output by 2020, putting the world’s third-largest polluter at the forefront of a pan-Asian dash to burn more of the dirty fossil fuel that environmentalists fear will upend international efforts to contain global warming.

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US Fuel Economy Data on Cara Inaccurate and Getting Worse, Study Finds

The gap between the better performance of cars in testing by regulators and the lower fuel economy drivers experience has been widely known. But a wider gap could jeopardize the United States from reaching its targets for reducing carbon emissions, according to the study by researchers at self reported the University of Tennessee and Oak Ridge.

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New Calfiornia Water Bond Seeks to Plug Funding Holes

The exact amount of the new water bond has yet to be determined but will be less than $5 billion, Jerry Meral, director of the California water program at the Natural Heritage Institute, told Reuters this week.

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California Ballot Measures Seek to Ease Bay Area Gridlock

The Silicon Valley Leadership Group is helping to lay the groundwork for ballot measures in November 2016 in Santa Clara, San Mateo, Santa Cruz, San Francisco and Contra Costa counties. The counties would join Alameda County, which already has a half-cent transportation sales tax in place.

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