Coal losses prompt Spain’s Endesa to speed renewable energy investments

first_imgCoal losses prompt Spain’s Endesa to speed renewable energy investments FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Endesa SA is going all out on wind and solar power to replace money-losing coal plants in Spain and Portugal, executives said, after write-offs on the legacy assets dragged down the utility’s net income by 80% in 2019.Endesa, one of Spain’s largest utilities, is planning to close most of its remaining coal plants by 2021 in light of deteriorating market conditions for the fossil fuel, resulting from low gas and high carbon prices. To make up for the lost capacity, CFO Luca Passa said the company will aim to ramp up its spending on renewables.“The plan is to accelerate as much as we can,” Passa told analysts on a Feb. 25 earnings call, noting that Endesa already plans to increase its capital expenditure from €1.9 billion in 2019 to €2.2 billion in 2022. “If we have the opportunity to spend more capex, even in 2020, we will do so,” Passa said.Endesa, which is owned by Italian renewables giant Enel SpA, recorded impairments of €1.47 billion on coal-fired units in Spain and Portugal, which helped drag down its net income by €1.41 billion to only €171 million for the full year.Endesa already spent 40% of its investment in 2019 on new renewables and said last fall that it expects to spend a total of €3.8 billion on green power between 2019 and 2022. CEO José Bogas previously announced that the utility will replace its 1.1-GW coal plant in Teruel with 1.7 GW of renewables.As it stands, the company said it has 5.4 GW of new solar and wind capacity ready to come online, the bulk of it between now and 2022. Prodiel, a Spanish solar developer, sold 10 projects worth a combined 1 GW to Endesa in December 2019 and Passa said that around 100 MW of capacity from the deal could already come online this year.[Yannic Rack]More ($): Endesa doubles down on renewables to replace money-losing coal plants in Spainlast_img read more

IHOC : 1st conference win gives Syracuse momentum heading into postseason

first_img Comments Jacquie Greco and her teammates were playing for more than their first conference win last Saturday afternoon.Stuck in last place with no way to advance out of the College Hockey America basement, a win against Niagara meant nothing to Syracuse’s grim spot in the standings. It didn’t matter, though. Greco and her teammates were playing for something else.‘Pride. We needed a conference win,’ Greco said. ‘We needed a win in general. We needed all the things going for us. We needed the bounces to go our way. They happen to go our way that game, so it was good for us.’The Orange got the bounces and beat Niagara for its first conference win of the season Saturday. After a loss to the Purple Eagles on Friday, SU (10-21-3, 1-8-3 CHA) had no chance to move out of last place in the conference. Going into the weekend slate of games, Syracuse players had a goal to sweep the series and sneak into a third-place finish. Instead, SU split the two-game set. Still, finding one win for the Orange was still a bright spot in an otherwise disappointing season.‘We mostly did it for ourselves,’ Greco said. ‘Obviously the second game didn’t really matter regarding standings-wise, so we obviously did it for ourselves and to prove to ourselves we’re good enough to play with any team in the league.’AdvertisementThis is placeholder textIn the program’s four years of existence, SU head coach Paul Flanagan stared down the bleak possibility of not winning a conference game for the first time. Even in the program’s inaugural year, Syracuse didn’t have to worry about sweating out a win in the final regular-season game of the year.The Orange has kept games close, though, losing four conference games by one goal. And Flanagan feels luck hasn’t been on SU’s side for most of the season.On Friday, it even made him wonder if his team was snake-bitten in a 3-2 overtime loss.One Purple Eagles goal deflected off Catlin Roach’s pad and into the net for an early goal. Then the deciding score in the extra period hit off a defender’s head and past goalie Kallie Billadeau for the winning goal.‘We were starting to scratch our head, like what do we have to do to win,’ Flanagan said. ‘You really start to wonder are we going to get one of the bounces to go our way.’But for once at least, Syracuse did get the luxury of luck. And as Flanagan said, the team makes its own breaks. After starting on the penalty kill due to a questionable penalty against the Orange, SU was able to kill it off.Shortly after, Syracuse was on the power play as a result of what Flanagan thought was ‘probably a makeup call’ in favor of his team.That’s when Margot Scharfe capitalized with a goal. For the first time all season, Syracuse tasted a CHA victory. An unfamiliar feeling that Megan Skelly said was important for the Orange.‘I think any time you’re struggling it’s hard to keep positive in the team atmosphere because you’re struggling that hard it’s like maybe we’re not that good,’ Skelly said. ‘But I think we proved to ourselves that we should beat a team like that.’Greco said a weight was lifted off the shoulders of the 17 underclassmen. Though she said they’ve been doing great all year, the win still provided some extra confidence.It’s a confidence that came just in time for Syracuse. Now Syracuse faces top-seeded Mercyhurst in the first round of the conference tournament.While Syracuse has suffered a pile of losses this season, for once, it finally got to celebrate a win in the locker room and on a three-hour bus ride home. And in the most important stretch of the season coming up, Syracuse finally has momentum to ride.‘It’s huge,’ Flanagan said. ‘In terms of just having that energy, you know what it’s like and your just not fretting and walking away, ‘What do we have to do?’ You put that behind you and just move forward with some positive energy.’dgproppe@syr.edu Published on February 27, 2012 at 12:00 pmcenter_img Facebook Twitter Google+last_img read more

OVERTIME

first_imgBILL NEAL :10 I know most of you…oh, who am I kidding .…none of you ever do what I ask you to     do. But this time, I need you to do what I tell ya.  I want you to run, do not walk, I want you to run…un like it’s 1945 and you’re a Black man in America and your very life depends on it…cause that’s how it was for Mr. Jackie Robinson. The single most important name in sports history!  Run and see “42” the movie about the late great Jackie Robinson. See how he endured the enormous responsibility of being the first Black man to play baseball. That’s it. That’s all. You know the rest of the story.  Now go see the movie and please take your children so they can learn the importance of this man and the sacrifices he made.  How bout this, you’re gonna love this.  I give it five stars *****. That’s unheard of. The most I’ve ever given is 3½.  Now get going!:9 And speaking of that, and I was, add this to your list of things to google—John Preston “Pete” Hill, the great, great, great relative of your boy and mine Ron Hill. Ron just returned to Pittsburgh with great news about this legend Pete Hill who played in the pre-Negro League from 1899-1919 and in the Negro Leagues from 1920-1921 and 1923-1925 and was the catalyst and captain of the great Chicago American Giants clubs of the 1910’s.  Mr. Hill was elected to the National Baseball Hall of Fame in 2006. Hey Ron Hill, that’s a lot to be proud of.  Congratulations.  (Ron, call me so we can do more with this.  I don’t have your new number. 412-628-4856.:8 How’s this for the law. I just got the Pittsburgh’s Best Lawyers 2013 Edition handed to me and guess what? Not a Black face to be found…yea, I know.  Shocking huh? Now I am going to go out on a limb here and I want to be careful because I can’t tell by reading the names…and of course that in and of itself would be racist…but I can tell you this…there’s not a Black face in the 20 page booklet. Now that should be against     the law! (Of course, if I’m wrong, I stand corrected.)  Not one Black person… c’mon man!!!:7 Watch out you so-called sports illustrated writers, Mr. Keith Platt Jr. is about to emerge on the scene and he’s got serious game. In fact, he’s way better than me. Here’s his Top 10 names the Steelers should look at in the upcoming NFL draft, and they should really     listen since they can’t seem to get it right on their own . . . I’m just saying!  No. 1—Jarvis Jones – 6’2” – 245 lbs – OLB – GeorgiaNo. 2—Robert Woods – 6’1” – 190 lbs – WR – USCNo. 3—Kenny Vaccaro – 6’1” – 212 lbs – DB – TexasNo. 4—Alec Ogletree – 6’3” – 234 lbs – ILB – GeorgiaNo. 5—Eddie Lacy – 5’10” – 220 lbs – RB – AlabamaNo. 6—Landry Jones – 6’4” – 220 lbs – QB – OklahomaNo. 7—A.J. Klein – 6’1” – 244 lbs – ILB – Iowa StateNo. 8—Cardarrelle Patterson – 6’3” – 204 lbs – WR – TennesseeNo. 9—David Amerson – 6’2” – 195 lbs – CB – N.C. StateNo. 10—Montori Hughes – 6’4” – 328 lbs – DT – UT-MartinTo his credit, Platt sent me his top 10 mock draft and players to keep an eye on.  I got no room for all that, but I’ll tell you this, keep your eye on young Mr. Platt.  He’s about to be in somebody’s top 10…much like his dad, he’s got skills.  Keith, you’re not only in the locker room, your locker is next to mine!:6 Video tape review will reveal that someone in the audience shot Kobe Bryant in the heel with an African blow gun. For you haters, the only way you could stop him.:5 Team rosters are now being accepted for the 2013 Connie Hawkins Youth Summer Basketball League for 14 and under boys.  Call the Champions at 412-628-4856 for more information.:4 Steelers, let Emmanuel Saunders go and take the 3rd round draft pick. Are you kidding me. He’s hurt all the time!:3 “Tiger”   You know that whole half Black and half Asian thing you roll with?  Welcome to the Black half of the world. They’ll get ya if they can! Finished 5 under, tied for 4th. Hey Kevin Cameron, give me a call mmmaaannn. When you’re wrong, you’re wrong!:2 FYI – Five Starr Corporation and Champion Enterprises are looking for volunteers, interns, executive staff and sales reps.  For more info, call 412-628-4856.:1 “Harlem Nights” coming at ya again every last Friday…Set for Friday April 26, 3 Lakes Golf  Club, 6700 Saltzburg Rd. in Penn Hills. You must be dressed up, no exceptions…“Go deep in the closet” – free parking – cash bar – cash kitchen until 11 p.m. – 50/50 – cash prize for best dressed. This is the best old school over 30 par-tay in town. Special guest DJ the legend Sly Jock. ~ GAME OVER ~last_img read more