Sanyo plans to invest more than 70% of its total investment over the next 3 years in its renewable energy and energy storage segments.Sanyo has never been as successful in the hyper competitive electronics market as other Japanese companies like Sony or Sharp.However its lithium batteries and solar panels possess cutting edge technology.Its solar panels […]
USA is taking tentative steps towards offshore wind sector by approving a 468 MW wind farm off the coast of Massachusetts.The approval which has come after 10 years will allow the construction of 130 Siemens turbines . The delay in the project was due to opposition from a variety of interests .Some of these interests […]
German Economy Minister and Free Democrat Party Leader ( FDP is one of the junior partners in the ruling coalition and stands for its pro-business liberal policies) says he does not expect another bailout . Where does that leave Portugal and Spain which had their debt downgraded last week by S&P. I am guessing that […]
As has been the fashion since the financial crisis began with Bear Sterns, bailouts are worked out during the weekends ,the Greece one also was no exception. The bailout will require “great sacrifices” according to the Greek PM . The EU-IMF plan will lead to severe unemployment,GDP decrease and some economists suspect that this will […]
President Obama will pay a visit on Sunday to the scene of the one of biggest oil spills to strike US coastal waters. This visit will come more than a week after the BP oil well exploded and is gushing oil in the waters .I can’t think what the President will do after a week […]
Ontario,Canada has a 60% “local content” requirement for renewable energy installed in the province.This is illegal according to WTO but unless someone challenges it in the body nothing will come out of it China from 2004 to 2010 had a “70% local content” requirement.Now that their wind turbine makers are making major inroads into foreign […]