MARKETS: Credit crunch hits solar sector

consolidation and bankruptcies in the solar power industry. Many firms have loaded up on debt and will not survive, setting the industry up for a major shake-out. Analysts question whether the sector has built up too much capacity in too short a time, creating an oversupply situation. They point to the rising glut of solar...

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COMPANY: J P Kenny is managing contractor to create world’s largest wave energy farm

appointed to manage the design, procurement and construction of the Wave Hub renewable energy project off the coast of southwestern England. The South West Regional Development Agency (RDA) has selected J P Kenny, part of international energy services company John Wood Group PLC, as its engineering and management contractor for the project. The RDA is...

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AUSTRALIA: Caltex CEO critiques energy and environmental policies

challenges through an integrated approach that includes its alternative transport fuels policy. In a recent address to the Academy of Technological Sciences and Engineering in Melbourne, the company’s managing director and CEO Des King said: “It is not realistic to formulate an alternative transport fuels policy that is independent of major policy initiatives. We should...

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COMPANY: Chevron sued in US court over human rights abuse case in Africa

setting civil case – Bowoto v Chevron – that seeks to hold US oil giant Chevron liable in the US for human rights abuses in Nigeria. According to a report by JusticeInNigeriaNow.org, the jury will decide if Chevron aided and abetted the death of two protestors who are reported to have peacefully protested the destruction...

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JAPAN: Sharp Solar to launch new thin solar film cells in the US

cell in the US. Sharp is one of the world’s largest producers of silicon-based solar cells. New low-cost thin film solar cells are seen as a major advance in technology to reduce the high cost of producing solar energy.   Sharp plans to deploy the product in large utility projects and commercial installations in the...

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