Renewables produced record 33% of U.K. electricity in third quarter

first_imgRenewables produced record 33% of U.K. electricity in third quarter FacebookTwitterLinkedInEmailPrint分享The Guardian:Almost a third of the UK’s electricity came from renewable sources between July and September, as wind turbines and solar panels helped achieve a quarterly record for green energy. Major new offshore windfarms connecting to the grid pushed renewables to 33.1% of electricity generation across the quarter, up from 30% the year before.The speed at which green energy projects are being installed has resulted in records tumbling this year. Wind power broke records during the “beast from the east”, which was eclipsed during Storm Diana last month, and again this week when wind generation hit 15GW on Tuesday.The trend is expected to continue next year as more windfarms around the coast near completion. Initial analysis of some recently built offshore projects also shows they are generating more power than expected.Meanwhile, gas and coal slumped to a new low of just over 41.1%, according to official statistics published on Thursday.Low carbon sources of power, which include the country’s eight nuclear power stations, account for 56% of the UK’s electricity supply. The 50% mark was hit only two years ago.More: New offshore windfarms push UK renewables to recordlast_img read more

Credit unions crucial to economy & consumers, White House advisor says

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUs play a key role in ‘Middle Class Economics’by: Tom SakashPresident Barack Obama understands the critical role credit unions play in the broader U.S. economy, Jason Furman, chair of the council of economic advisers at the White House, told GAC attendees Tuesday.“We know that you provide better pricing and higher-quality service for [your more than] 100 million members than many of the alternatives,” Furman said. “We also know that because of your strong [community] ties, your loan performance often holds up better than many of your competitors. That’s good for your members, your communities and, from my perspective, for the overall economy.”The credit union movement celebrated the 100 million memberships milestone in September. Since then, memberships have climbed to 102.3 million, CUNA reports.Furman also said the administration acknowledges that ongoing financial reform has affected credit unions, and that he and the president are aware of CUNA’s ongoing legislative and regulatory proposals to address reform. continue reading »last_img read more