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The partnership, one of the first steps in a new global expansion strategy for Imergy Power, will help Imergy accelerate its product pipeline, develop and market a wider variety of products and lower overall costs. The first product from the Imergy/Fle…
New York, NY, Point Roberts, WA – December 2, 2013 (Investorideas.com Water Stocks Newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors announces that effective December 2013 it will cease publication and sale of the coal stocks directory.
“We feel that there is too much indisputable information out there supporting how coal pollution is impacting the air and even more importantly our oceans. When you see reports that state within our lifetime, the oceans as we know them may die, we all need to draw a line in the sand as to what we are willing to do. This is one small thing, but we always believe that investing is a reflection of what you believe in and we can’t support investment in this sector any longer.”
For members who have access to the full stock directory lists online, a PDF will be sent for their files as part of the original membership obligation.
Ocean Acidification: The Other CO2 Problem- NRDC
Increased carbon dioxide is changing the chemistry of the earth’s oceans, threatening marine life
Earth’s atmosphere isn’t the only victim of burning fossil fuels. About a quarter of all carbon dioxide emissions are absorbed by the earth’s oceans, where they’re having an impact that’s just starting to be understood.
Over the last decade, scientists have discovered that this excess CO2 is actually changing the chemistry of the sea and proving harmful for many forms of marine life. This process is known as ocean acidification.
A more acidic ocean could wipe out species, disrupt the food web and impact fishing, tourism and any other human endeavor that relies on the sea.
The change is happening fast — and it will take fast action to slow or stop it. Over the last 250 years, oceans have absorbed 530 billion tons of CO2, triggering a 30 percent increase in ocean acidity.
Before people started burning coal and oil, ocean pH had been relatively stable for the previous 20 million years. But researchers predict that if carbon emissions continue at their current rate, ocean acidity will more than double by 2100.
The polar regions will be the first to experience changes. Projections show that the Southern Ocean around Antarctica will actually become corrosive by 2050.
NRDC is the nation’s most effective environmental action group, combining the grassroots power of 1.4 million members and online activists with the courtroom clout and expertise of more than 350 lawyers, scientists and other professionals.
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Photo by Tom Konrad
I thought I’d get into the Christmas spirit in this first work
day after Thanksgiving in the US, so let’s take a look at what
solar panel makers LDK (NYSE: LDK)
and Trina (NYSE: TSL)
are getting in their holiday stockings with the latest company
news reports. It seems the struggling LDK won’t be getting much,
with word that a Chinese court has added further delays to a case
where it is owed $40 million in a business dispute with rival Canadian
Solar (Nasdaq: CSIQ).
The news looks a bit better for Trina, whose Christmas stocking is
filled with another smaller solar company that it is acquiring as
the industry consolidates.
Let’s start with LDK, which I previously said is in real danger
of being forced into bankruptcy next week when a deadline will
come for it to reach agreement with bondholders who are waiting
for an interest payment that was due in August. (previous post) Now Canadian Solar has
announced that a court has agreed to a new hearing in a dispute
between itself and LDK that was ruled in LDK’s favor last year. (company announcement)
The dispute centers on Canadian Solar’s termination of an
agreement to buy materials from LDK after the industry entered its
current downturn. An arbitrator ruled a year ago that Canadian
Solar owed LDK about 250 million yuan ($40 million) as a result of
the contract termination. A court in Canadian Solar’s home
province of Jiangsu refused LDK’s request to force Canadian Solar
to pay the award in May, but now a higher court is ordering that
case be re-heard.
It’s hard to comment too definitively in this matter without
knowing more detail; but at least some level of local politics
seems to be involved in this case. Chinese courts often favor
companies in their home areas, reflecting the high degree of
politic influence in China’s judiciary. Thus I wouldn’t be
surprised if the court’s May decision to refuse to enforce the $40
million award for LDK came after Canadian Solar applied pressure
on the judicial system through its local political connections. So
perhaps this latest decision by a higher court represents a
slightly positive development for LDK.
But whatever the case, the most obvious outcome in all this is
that LDK won’t be getting its $40 million anytime soon, if it ever
gets it at all. That’s quite a negative piece of news, as LDK was
probably hoping to collect the funds sooner rather than later to
help it through its financial difficulties. LDK shares didn’t
react much to the news in light trade after Thanksgiving, but I
suspect the stock could come under pressure as people return to
work this week.
Meantime, let’s take a quick look at the news from Trina, which
has announced it is forming a joint venture with smaller player Yabang
Group. (company announcement) The joint venture’s
main production assets will consist of Changzhou NESL
Solartech, a Yabang unit that makes solar modules.
Trina will hold 51 percent of the venture, which has a modest
investment of $45 million and production capacity of 500 megawatts
of solar modules.
Anyone reading between the lines will see that this is simply a
case of Trina buying out Yabang’s assets, as part of a much needed
broader industry consolidation. PC maker Lenovo
(HKEx: 992) formed a similar joint venture with Japan’s NEC
(Tokyo: 6701) in 2011, allowing the former to take over the
latter’s PC assets. The news looks positive for Trina, indicating
it will become one of the main consolidators in the ongoing
overhaul of China’s solar panel sector. Look for more similar
deals in 2014, as the sector slowly rebounds and the strongest
players return to profitability after 2 years of losses.
Bottom line: LDK won’t be able to collect $40
million owed by Canadian Solar for at least 6 months, while
Trina’s new joint venture indicates it will be a consolidator in
the China’s solar sector overhaul.
Doug Young has lived and worked in China for 15 years, much of
that as a journalist for Reuters writing about Chinese companies.
He currently lives in Shanghai where he teaches financial
journalism at Fudan University. He writes daily on his blog, Young´s
China Business Blog, commenting on the latest
developments at Chinese companies listed in the US, China and Hong
Kong. He is also author of a new book about the media in China, The
Line: How The Media Dictates Public Opinion in Modern China.
By Nichola Groom LOS ANGELES (Reuters) – In a first on Monday, an online marketplace will allow U.S. homeowners to weigh options for go…
Read more: Solar Energy, Solar-Power, Solar, Startup, Solar Startup, Alter…
Date: 12/11/20131:00 p.m. ET
The Clean Energy States Alliance and the Clean Energy Group are hosting a webinar for the Offshore Wind Accelerator Project that provides an overview of offshore wind in the Southeast. Jen Banks from the Southeastern Coast…
Date: 11/18/2013The Lincoln Journal Star published an article on the end of DOE’s Wind for Schools project in Nebraska. The reporter interviewed Dan McGuire, state facilitator for the project, and University of Nebraska-Lincoln professor Jerry Hudgins,…
Date: 12/2/2013On October 29, the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) released Solicitation RHD-4-23073, a Request for Proposals for Regional Wind Deployment Resource Centers. Up to six subcontracts will be a…