Green Energy

The Puerto Rico Electric Power Authority must repay $146 million over the next two months for a credit line used to buy oil to generate electricity.  Credit Dennis M. Rivera-Pichardo for The New York Times

dealbook.nytimes.com - by Michael Corkery - July 1, 2014

Puerto Rico’s electrical utility is running out of money and time to negotiate a deal with its lenders, part of a broad reckoning for an island that relies on Wall Street to finance some of its most basic functions.

The Puerto Rico Electric Power Authority must repay $146 million to Citigroup over the next two months for a credit line used to buy oil to generate electricity. It is also uncertain whether the authority will be able to renew a $550 million credit line from Scotiabank for fuel purchases, people briefed on the matter said.

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submittted by Margery Schab   

Strawberry Energy

treehugger.com - by Derek Markham - March 14, 2014

In a bid to bring more renewable energy choices to the public, while educating people on the benefits of solar power, one Serbian startup is building public solar charging stations that will energize mobile gadgets and serve as a social hub.

The vision of Strawberry Energy is to make renewable energy sources more accessible for all people, and to show that solar power and other clean energy solutions aren't just abstract concepts, but are instead practical and desirable. The way they're helping to get that message across is through their public solar charging stations, dubbed Strawberry Trees, which offer free charging for mobile devices, and in some cases, free WiFi.

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BMW Chief Executive Officer Norbert Reithofer uses the term “German Angst” to explain the paradox of the country’s innovation ability on one hand and its reluctance to embrace technological change on the other. 
Photographer: Krisztian Bocsi/Bloomberg

bloomberg.com - by Sheenagh Matthews - June 10, 2014

Germany has rejected genetically modified crops, nuclear power and magnetic levitation trains. Now, the country that invented the modern car and X-ray technology is adding fracking to the list of innovations it’s wary of.

Business leaders had lobbied for the extraction method, which injects water and chemicals underground, to lessen Germany’s dependence on Vladimir Putin’s Russia where a third of its natural gas supply is derived. Last week, the government started preparing a law to limit fracking to rare cases, unlike in the U.S. where the practice is widespread.

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Image: Wind Share of Electricity Generation in Leading Countries, 2013

earthpolicy.org - May 27th 2014 - J. Matthew Roney

Denmark produced one third of its electricity from the wind in 2013. In no other country has wind’s share of annual electricity generation yet topped 30 percent. But the Danes are not stopping there—they are eyeing a goal of 50 percent wind by 2020, with most of the needed expansion coming from offshore wind farms.

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