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

Legendary Film Director Dies

first_imgNEW YORK (AP) – Joel Shumacher, who shepherded the so-called”Brat Pack” to the big screen in “St. Elmo’s Fire” and directed two 1990s-era “Batman” films, has died.A representative says the director died Monday at 80 after a year-long battle with cancer.Schumacher’s credits included “The Lost Boys” and “Batman Forever,” “Batman & Robin,” “A Time to Kill” and “Flatliners.”Though Schumacher’s “Batman” films were trashed by critics and have been endlessly mocked, they’ve achieved cult status in later years as entertaining, self-aware, and playful offshoots of the Batman mythology in the spirit of Bob Kane.last_img

PSG crowned champions as Ligue 1 season officially ended

first_imgImage Courtesy: AP/AFPAdvertisement In the past few months, world football had received a massive blow from the novel Coronavirus pandemic. Along with a number of players, managers and staffs testing positive, all football fixtures, leagues, tournaments or events were cancelled or postponed all over the world as a precaution against the COVID-19 crisis. A couple of days ago, the 2019-20 Ligue 1 season became the first top tier European league to face cancellation, and today, the French heavyweights Paris Saint Germain have been declared as the winners of the current season.Advertisement Image Courtesy: AP/AFPOn 13th March, the Ligue de Football Professionnel (LFP) had announced the suspension of Ligue 1 and Ligue 2 for an indefinite amount of time, as Coronavirus had found its way in France, which subsequent went under a lock down.On the heels of the Prime Minister Edouard Philippe’s announcement of banning all sporting activity in the country until the month of September, the French leagues was cancelled on Tuesday, and PSG, the table-toppers have been crowned champions, their ninth Ligue 1 title.Advertisement The LFP decided the final league table standings on the basis of points won per match. The Parisians, who have secured 68 points from 27 matches, are 12 points ahead of 2nd position Marseille, who have played 28 games.Amiens SC and Toulouse FC have been relegated to Ligue 2, which has also been cancelled. Nîmes Olympique will be heading for the Relegation play-offs, and FC Lorient will be promoted to the top flight from the 2nd division along with RC Lens.Advertisement Along with PSG, Marseille and Stade Rennais FC have secured their berths for the 2020–21 UEFA Champions League, and Lille OSC in 4th position will be heading for the next Europa League season.“There is no ambiguity about this declaration. We needed to make a final decision about this season. We acknowledge that the 2019-20 season is over,” Nathalie Boy de la Tour, the President of LFP stated.There have been more than 166,000 confirmed COVID-19 cases in France, and the death toll has risen to 24,087 which is fifth highest in the world.If you like reading about MMA, make sure you check out Also follow India’s biggest arm wrestling tournament at ProPanja.comAlso read-Ligue 1 season first major European football league to be cancelledSportspersons and celebrities pour in with their wishes as the Hitman hits 33! Advertisementlast_img read more

About Town

first_imgRED BANKThe 8th annual Red Kettle Classic basketball tournament will be held Saturday, Dec. 1, at the Salvation Army Community Center, 180 Newman Springs Road.Boys and girls teams from middle schools will participate: Holy Cross, Rumson; St. James, red bank; Shrewsbury; Knollwood, Fair Haven; Red Bank Charter and Seashore Day, Long Branch.Doors will open at 8 a.m. The first game will begin at 8:30 a.m. The final game is expected to begin at 5:30 p.m.Admission is $5 for adults, children are $1 or a contribution of canned or packaged food.Door prizes will be offered.The event is sponsored by United Teletech Financial Federal Credit Union. * * * * *Monmouth County Historical Association will again participate on Friday, Dec. 7, in the annual Holiday Lantern Tours of Shrewsbury’s Historic Four Corners, a National and State designated Historic District.The historic buildings at the corner of Broad Street and Sycamore Avenue will be open to welcome the public. Tours begin at 6 p.m. and 8 p.m. and are by reservation only.The tours will include four historic properties: Monmouth County Historical Association’s Allen House, which was built circa 1710; Christ Church (1769); the Presbyterian Church (1822); and Shrewsbury Friends Meeting House (1816).At the Allen House, which served the community as a tavern in the mid-18th century, visitors will be greeted by the tavern keeper and his family who will illustrate tavern life through dramatic first-person storytelling. Live instrumental music and singing by Heather MacDonald will be followed by cookies and cider generously donated by Foodtown in Red Bank, and general merriment.In Christ Church, the Rev. Harry Finch, who served as rector from 1830 – 1863, along with many of his notable 18th and 19th century parishioners, will be on hand to guide visitors through the church. Christ Church’s bazaar opens on the night of Lantern Tours for visitor shopping.Tours of the Presbyterian Church will also be offered; the second church building on that site constructed 22 years after their original church burned in 1800.Visitors will also have the opportunity to see the Shrewsbury Friends Meeting House, learn more about the Quakers’ unique style of worship, and be treated to light refreshments.Tickets are $15 for adults and $8 for children 12 and under. Tours leave from Christ Church at 380 Sycamore Ave.Reservations are available by calling Renee at 732-915-5862. SHREWSBURYThe Presbyterian Church at Shrewsbury, 352 Sycamore Ave., will be holding its annual Christmas bazaar from 9:30 a.m. to 2:30 p.m. on Saturday, Dec. 8.The bazaar is sponsored by Presbyterian Women and proceeds will be given away to missions.The event features homemade food, handmade crafts, gifts, toys, fresh floral arrangements, jewelry and more.All are welcome. ATLANTIC HIGHLANDSThe Atlantic Highlands Library will present a solo violin recital at 7 p.m. Thursday, Dec. 13, by Joel DeWitt at the library.DeWitt’s program will include the Sonata No. 2 in A minor, BWV 1003 by Johann Sebastian Bach, the Sonata for Solo Violin, Op.115 by Sergey Prokofiev, and the Sonata for Solo violin (1944) by Bela Bartok.Joel DeWittDeWitt studied with Carroll Glenn at the Eastman School and with Ivan Galamian at the Juilliard School. He received a fellowship with the Aspen Music Festival. He has performed as a freelance musician in New York; and as a member of Columbus Symphony, Virginia Opera Association, NJ New Philharmonic, and Metro Lyric Opera.  He has given many recitals, and performs frequently at services for the Unitarian Universalist Congregation of Monmouth County and at Unity by the Shore in Neptune.DeWitt is a trustee of the Atlantic Highlands Arts Council, and the violinist in the Corialis piano trio.The program is free to the public.For more information, please call the library at 732-291-1956.MIDDLETOWNLet’s Learn about Learning Disabilities, presented by Dr. Pauline Nelson will be held from 7 to 8:30 p.m. Tuesday, Dec. 4, at the Middletown Township Public Library, 55 New Monmouth Road.Nelson is a clinical psychologist with more than 16 years of experience working with children, adolescents, and adults in a variety of settings on both the East and West coasts.She will outline different kinds of learning disabilities, and their respective signs and symptoms. Nelson will also talk about how a diagnosis is made and interventions and assistance available.The event is free but registration is required and may be made at for the library’s public programs comes from the generous support of the Middletown Township Public Library Foundation, Inc. RUMSONThe English Speaking Union will be holding its annual holiday repast on Saturday, Dec. 15, at the Rumson Country Club, 163 Rumson Road.Libations will be served at 6 p.m., followed by a 7 p.m. traditional English Christmas dinner and entertainment at 8 p.m.The organization’s scholarship winner, Evelyn Giovine, will provide a special holiday program.The cost is $60 per person for members and $65 for nonmembers. Wine will be provided at the table, and a cash bar will be available throughout the evening.All are welcome; the dress is black tie optional.A silent auction with half of the proceeds being donated to local storm relief efforts will be featured.Additional information is available by contacting ESU President Richard Biernacki at 732-787-2217 or e-mailing Authors of ‘The Jersey Sting’ Talk About Their Book RUMSON – Pulitzer Prize-winning reporters Josh Margolin and Ted Sherman will talk at 7:30 p.m., Wednesday, Dec. 5, about the events that inspired their book, The Jersey Sting: A true story of Crooked Pols, Money-Laundering Rabbis, Black Market Kidneys, and the Informant Who Brought It All Down at Congregation B’nai Israel, 171 Ridge Road.The talk is free and open to the public.The authors will sign books following their talk.The Jersey Sting details one of the largest federal sting operations in United States history, which included key figure Solomon Dwek, a failed real estate investor from Deal, as an undercover informant for the FBI.The sting ended in the arrest of 44 people including three mayors, two legislators, five orthodox rabbis and a man who arranged black market kidney transplants.The book, crafted from thousands of pages of documents, transcripts of federal wiretaps, court records and sworn depositions, takes the reader deep inside the case.Margolin and Sherman are investigative reporters with long histories covering New Jersey for the Star-Ledger.Sherman is still an investigative reporter with the paper while Margolin is now a senior reporter, covering politics and national security at the New York Post.The event is sponsored by the Adult Education Committee at Congregation B’nai Israel.Additional information is available by calling CBI Executive Director Henry Silberman at 732-842-1800 or e-mailing him at read more

Police Officer Files Suit After Alleged Retaliation For Whistleblowing

first_imgBy John BurtonRUMSON – A veteran borough police officer has brought suit against his department and the borough, charging he’s been the victim of retaliation for being a whistleblower.Sgt. Peter Koenig has been with the department for more than 20 years, and been a sergeant for the past 11; and on June 20 he filed a civil complaint in state Superior Court, in Freehold, alleging he “has suffered emotional distress, humiliation, embarrassment, bodily injury, coupled with physical manifestation of emotional distress, loss of income and benefits, and other severe financial losses,” as well as regularly facing “a hostile work environment,” in response to his calling attention to what he said was improper behavior from his fellow officers, according to court documents. Jacobs this week said, “The borough was right in the decision-making process,” maintaining “The decisions they made were done for legitimate deployment purposes.”Jacobs said he has reviewed the allegations of the complaint, the facts and the law “and I’m highly confident when all is said and done the borough will be found not liable for any of the allegations contained therein.”Rumson Police Chief Scott Paterson, on advise of legal counsel, declined to comment.Koenig is seeking “punitive and compensatory damages on all lost benefits, wages and rights,” including “economic and non-economic damages for emotional distress,” in addition to interest and attorney’s fees, according to the officer’s complaint. Koenig, who is also a borough resident, according to the complaint, on or about May 31, 2015, “observed events at the Rumson Police Department that he reasonably and objectively believed were in violation of law, may have been criminal acts or unethical, were violation of the public policy of the State of New Jersey, and placed the health and safety of members of the public in danger.”The complaint doesn’t offer any details related to the allegations. Attempts to contact Koenig and his attorney, Richard Flaum, were unsuccessful. In his response brief to the complaint filed on Sept. 9, attorney Mitchell B. Jacobs, who is defending the department and borough against the suit, noted Koenig had contacted the Monmouth County Prosecutor’s Office about his allegations.Charles Webster, spokesman for the prosecutor’s office, said this week his office found no evidence to warrant a criminal investigation and referred the matter back to the Rumson Department for its own internal investigation.Jacobs, in his court filings, denied the allegations and countered “Plaintiff’s claims are frivolous and without any reasonable basis in law or fact.” Jacobs’ response went on to state the department “had in place well-publicized and enforced anti-harassment policies, effective formal and informal complaint structures and complaint procedures, training and/or monitoring and preventative mechanisms.” The suit further alleged, in response to Koenig’s whistleblowing, the sergeant was subjected to retaliation from his superiors, suffering from “repeated harassment,” being denied promotions, removed from some long-standing assignments and experiencing what his attorney maintained were “unwarranted investigations and disciplinary actions,” among other alleged discriminatory actions.These charged actions, Flaum said, are violations of the state’s Law Against Discrimination, its Civil Rights Act and the Conscientious Employee Protection Act, as well as violating his client’s freedom of speech Constitutional rights.“Plaintiff Koenig considered the actions of his employer to be severe or pervasive enough to make a reasonable person think twice before reporting any additional workplace issues based upon his fear of retaliation,” stated the complaint.last_img read more

Peewee Rep series ends in controversy

first_imgBy The Nelson Daily SportsSaturday’s West Kootenay Peewee Rep playoff game between Nelson and Rossland/Trail at the Cominco Arena ended in controversy after the referee disallowed a game-tying goal by the visiting Leafs.Rossland/Trail went on to win the game 4-3 and the first-team-to-four point series 4-0.“I never seen anything like this before . . . not even on television,” said Nelson coach Ron Podgorenko.“Maybe on Johnny Carson,” he added.The controversy happened with less than a minute remaining in the game and Rossland/Trail clinging to a 4-3 lead.The puck was shot into the Rossland/Trail end. The play should have been whistled for icing but the game officials missed the call. Nelson’s Matt Brind’Amour, with his second of the game, tied the game during a scramble in front of the Rossland/Trail goal.With Nelson celebrating, the Rossland/Trail coach protested vehemently to the official that icing should have been called.The on-ice referee agreed and waved off the goal.Podgorenko immediately protested the decision following the game.“The game should have ended in a tie,” he said. West Kootenay officials are expected to rule on the protest by Tuesday. If Nelson wins the protest a third game will be played this week at the NDCC Arena with Rossland/Trail holding a 3-1 series lead.Merissa Dawson and Everett Hicks also scored for Nelson. Curt Doyle was solid between the pipes for Nelson.Rossland/Trail won the opening game of the series in Nelson 6-5.The winner advances to the B.C. Peewee Rep Tier II Provincials next month in the Fraser Valley.sports@thenelsondaily.comlast_img read more

Questions to Ask Your Prospective Builder

first_imgRELATED ARTICLESGreen Building for BeginnersEnergy Upgrades for BeginnersQuestions and Answers About Air BarriersAll About Water-Resistive BarriersKeeping Ducts IndoorsDesigning a Good Ventilation SystemWho Can Perform My Load Calculations? You can ask the builder about their previous airtightness test results. Here in Georgia, all new homes have to come in below 7 air changes per hour at a pressure difference of 50 Pascals (ACH50).2. What is your preferred water resistant barrier (WRB)? Controlling liquid water outside the house is the most important thing you can do to prevent failure. Yet, because water control failures often show up after the warranty period, some builders don’t care that much about them. There’s some pretty basic rules about controlling water, and although it’s not universally true, I find that builders who use the cheapest WRBs often seem to do the worst job controlling the water.Perforated plastic housewrap is at the bottom of the list in my opinion. Housewrap can work well if it’s installed properly. It works better if it’s made of spun-bonded polyolefin, like Dupont’s Tyvek HomeWrap. Better yet is a non-house wrap WRB, like Huber’s Zip System sheathing, liquid-applied membranes (like Prosoco’s R Guard or Tremco’s Envirodry), or peel-and-stick membranes. [Disclosure: Huber is an advertiser in the Energy Vanguard Blog.]3. How do you handle penetrations in the building enclosure after the WRB has been installed?Controlling liquid water is critical. The WRB does that, but when it gets penetrated by wires, pipes, or dryer vents after it’s installed, it needs to be flashed properly. The best answer here would be if the builder tells you they plan ahead for every penetration and make sure each one has proper flashing ready to go before the hole is ever cut.4. How do you ensure good installation quality of insulation?If a prospective builder starts talking about insulation installation grades (I, II, or III), you’ve found one who knows something about this issue. Good answers here would include:We insist on Grade I installation quality for all insulation.We make sure all cavities are filled completely with as little compression as possible.We hire a third party inspector to make sure it’s done right.5. How are the heating and air conditioning systems designed?“We leave that up to the HVAC contractor” is not an acceptable answer. That doesn’t mean the HVAC contractor doesn’t do it, but the builder should know how they’re doing it. And the way it should be done is with room-by-room load calculations, proper equipment selection, and ducts designed for the right air flow to each room. Better would be for them to say they use a third-party HVAC designer, but you’re more likely to hear that from your architect than from a builder.6. Do you have a preference for duct location?Not so good if they answer that they always put them in the attic, and the attic is unvented. That’s a common practice outside of cold climates, but that doesn’t make it right. What you want to hear here is that they try to get the ducts into conditioned space. Sometimes that means moving the conditioned space boundary to include the attic or the crawl space.7. What measures do you take for combustion safety?Probe for any awareness of this issue. If they ask what you mean, ask what their stance is on natural draft water heaters and ventless fireplaces. You don’t want either of those things inside the conditioned space.8. Do you normally install whole-house mechanical ventilation systems?If you get this far into your list, that means you’re talking to a builder who believes in airtightness. That means they must believe in whole-house mechanical ventilation. The building code requires mechanical ventilation when the house tests at 5 air changes per hour or lower in the blower door test. If you’re getting a new house and want it built right, you definitely want it to be tighter than 5 ACH50, so you’ll need some type of mechanical ventilation. I recently wrote about some ways to do balanced ventilation, which is the best way to go.9. Have you used third-party inspections or had your homes certified in voluntary programs like Energy Star?If your prospective builder has experience with building to the standards of programs like Energy Star, LEED, or Passive House, you’ll probably have an easier time getting them to get the details right. That’s because these and similar programs have requirements that help ensure a house is built better. It’s not a guarantee, of course, but at least they’ll have some familiarity with checklists and good installation practices.10. Would you be willing to have a design review with the critical trades?Some builders don’t want you involved with the process at all. They just want to take the plans, build the house, and have you show up when it’s all done. Everyone’s busy now that the housing market has heated up again, and extra meetings take time away from other stuff.But, a good builder realizes the importance of getting everyone on the same page and that it can save time down the road. Getting the architect, the builder, the HVAC contractor, the plumber, the electrician, and the insulation contractor together to go over the plans and goals for the house can prevent a lot of problems that might crop up otherwise. If your builder is willing to have such a meeting, it can make everything go smoother.Builders can be like wild animalsIf you live in an area with a lot of green building happening, you may have an easy time finding a builder who believes in building science. Even in those places, however, there are a lot of builders who think that high-quality building simply means high-quality finishes. What you’re looking for is that builder who is at least on the path to understanding that a high-quality house is high-quality to the core. But they may be a little shy about it.Experienced home builders have developed ways of doing things that work for their businesses. Many are changing with the times, but they may still be a bit shy about jumping in with both feet. If you come at them with both barrels blasting them building science questions, you may scare them off. They’re like wild animals in that way. You have to approach them slowly because they spook easily.Even a bad builder will know a lot more than you about the whole process of building a home. As long as they’re still in the running with you, show respect for that. Even when they’re out of the running, it’s best not to antagonize them. What you’re looking for is a builder you can work with, someone who is at least open to the idea of putting extra time and attention into the building enclosure and mechanical systems. The questions above should give you a good picture of which ones might be able to do a good job in building your dream home. Allison Bailes of Decatur, Georgia, is a speaker, writer, building science consultant, and the author of the Energy Vanguard Blog. You can follow him on Twitter at @EnergyVanguard. You’re having your dream house built. You’re into the design phase, working with an architect or looking through collections of house plans. You’re doing your homework, trying to find out how to ensure you get a top quality house. And that’s when you run into all this stuff about building science, high performance homes, HVAC design, blower door testing, and the like. Now you’re hooked.The problem you run into next is figuring out how to get that knowledge applied to your dream home. If you’re building the house yourself (as I did back in 2001), it’s on your shoulders. But most people aren’t owner-builders, instead hiring a professional home builder to bring their dreams to reality. If that’s you, keep reading. Hiring a builder is arguably your most important decision, so here are some questions you can ask prospective builders to find out how likely they are to do things the right way.1. What is your view of airtight homes?The builder’s answer to this question can tell you a lot. If they tell you, “A house needs to breathe,” you probably don’t need to waste any more time with them. Save your time to find a builder who appreciates the importance of an airtight building enclosure. You may not find a builder who gives you the ideal answer, but you want one who recognizes that greater airtightness is a good thing. If you can find one who’s had blower door tests even when they weren’t required, that’s a plus. And of course you want them to agree to have your house tested.last_img read more