News

  • Considering the current energy crisis and frequent power cuts in the form of 'load shedding', is there a duty on the South African government to provide free basic electricity to the people?... Legislation - National Energy Act 34 of 2008 Section 2 of the National Energy Act (the NEA) states that its object, among others, is to ensure an uninterrupted supply of energy to the nation and ...
  • Wind energy provides 432 000 megawatts (MW) of energy capacity worldwide. That’s 20% of all electricity. A tenth of this was built last year. Most of this is produced by giant wind turbines, with blades of more than 100m long. The technology is constantly evolving. More wind farms mean more money for research and development. That means new ways of harnessing wind power, while also tinkering ...
  • May 03--U.S. Sen. Chuck Grassley is scheduled to make a stop in Newton on Wednesday morning. Grassley is scheduled to take questions and address the achievements of workers from TPI Composites and Trinity Structural Towers in Newton, who are helping fuel Iowa's booming wind energy sector. American Wind Energy Association CEO Tom Kiernan will speak on Iowa's role in leading the national ...
  • May 03--Aspen Group Ltd. (TASE:ASGR) is exiting its solar energy business in order to focus on its income producing real estate business. The company notified the Tel Aviv Stock exchange that it was inviting investors to submit offers for 307 photo-voltaic installations that it owns, some of them with partners (the company itself has 274 solar systems), with a total output of some 15.5 ...
  • May 03--SolarCity's never-ending quest to raise money to pay for the solar energy systems it installs has taken a new twist. The company, which will occupy the biggest solar panel factory in the Western Hemisphere in South Buffalo, raised $227 million in new financing through John Hancock Financial to pay for installing 201 megawatts of solar energy generation capacity. SolarCity is using ...
  • May 03--Devon Energy Corp. on Tuesday reported a first-quarter net loss of almost $3.1 billion, or $6.44 cents a share, including a noncash impairment charge of more than $3 billion because of lower oil and natural gas prices. The net loss compares to a loss of $3.6 billion, or $8.88 cents a share, one year ago. Revenues slipped to $2.1 billion, down from almost $3.3 billion in the year-ago ...
  • Essar Power Limited today resumed the commercial operations of Unit I of the 1,200 MW (2x600 MW) Mahan power plant. Essar Power MP Ltd, the operator of the 1200 MW power plant, located in Madhya Pradesh, has secured 3 lakh tonnes of coal through a Government conducted special forward e-auction. Essar Power MP won a captive coal mine in Tokisud in Jharkhand state in the recent coal auction. ...

  • May 04--The company that operates several coal-fired power plants in central and southern Illinois announced Tuesday it would shut down units one and three at the Baldwin Power Station. The shutdown will occur over the next year, according to a Dynegy statement. Company spokesman Micah Hirschfield said approximately 122 current jobs plus any vacant open positions will be lost. Baldwin's unit ...
  • Duke Energy's first-quarter adjusted profit met Wall Street's view, as it dealt with milder winter weather. The electric utility earned $694 million, or $1.01 per share, for the three months ended March 31. A year earlier the Charlotte, North Carolina-based company earned $864 million, or $1.22 per share. Earnings, adjusted for one-time gains and costs, were $1.13 per ...
  • With coal use declining in nearly every state, Missouri and Illinois remain among the largest consumers of the carbon-heavy fuel. Declining coal use among utilities and power producers in other big coal states have left Illinois and Missouri as the No. 2 and No. 3 users of the fuel, respectively. Texas burned the most coal in the U.S. last year. In 2007, Illinois was No. 4, while ...