Francois De Beaupuy for Bloomberg: Global Bioenergies SA, an unprofitable French maker of sugar-based gasoline, said oil’s recent slump to $35 a barrel is testing the financial viability of its technology even as it plans expansion in the U.S.
“The economic case doesn’t stand with oil at $35, except when there’s a tax incentive” as in various European countries and the U.S., Chief Executive Officer Marc Delcourt said in an interview. Without tax breaks, the company would need Brent crude well above $100 a barrel, he said.
Shares of Global Bioenergies, listed in Paris since 2011, have dropped more than 50 percent from their peak in May as oil’s collapse raised investor concern that biofuel makers couldn’t compete. Delcourt is counting on the end of European sugar production quotas in 2017 and changes in U.S. eating habits to keep the sweetener’s price low as it eyes additional capacity. Raw-sugar futures are trading at half their price five years ago. Cont'd...
Canadian Solar Subsidiary Recurrent Energy Closes Financing for 75 Megawatt Astoria 2 Solar Power Project
Joby Warrick for The Washington Post: Wind and solar power appear set for a record-breaking year in 2016 as a clean-energy construction boom gains momentum in spite of a global glut of cheap fossil fuels.
Installations of wind turbines and solar panels soared in 2015 as utility companies went on a worldwide building binge, taking advantage of falling prices for clean technology as well as an improving regulatory and investment climate. Both industries have seen stock prices jump since Congress approved an extension of tax credits for renewables as part of last month’s $1.14 trillion budget deal.
Orders for 2016 solar and wind installations are up sharply, from the United States to China to the developing economies of Africa and Latin America, all in defiance of stubbornly low prices for coal and natural gas, the industry’s chief competitors. Cont'd...
Naser Al Wasmi for The National UAE: Masdar Institute scientists have published a breakthrough research into more efficient solar power – and they will not have to look far for the raw material needed.
Using sand, they hope to drive concentrated solar power technology to compete with the traditional photovoltaic method.
Named “Sandstock”, the research published at the Solar Power and Chemical Energy Systems Conference in South Africa yesterday, showed sand can withstand temperatures of up to 1,000°C.
Concentrated solar power, or CSP, uses mirrors to reflect heat from the sun to one point, most typically a tower filled with a material capable of storing heat and then converting it into electricity.
CSP’s benefit is that the energy derived is easy to store, but in recent years it has lost out to the more popular photovoltaics, which is more cost-efficient.
That may now change.
“Sand is really always a drawback in this country but in this project we wanted to use it as an advantage because it can withstand very high temperature, and of course it is very cheap here,” said Dr Nicolas Calvet, assistant professor of mechanical and materials engineering, and guide for the research project. Cont'd...
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