Economy & Business

"LG&E To Replace Cane Run Plant Eight Months Early"

"Running out of room to dump coal waste and facing thousands of dollars in fines over blowing ash, Louisville Gas and Electric Co. on Monday said it plans to shut down its Cane Run power plant in May 2015, eight months earlier than expected, to replace it with a natural-gas fired plant."

Source: Louisville Courier-Journal, 10/17/2012

"Glut of Solar Panels Poses a New Threat to China"

"BEIJING -- China in recent years established global dominance in renewable energy, its solar panel and wind turbine factories forcing many foreign rivals out of business and its policy makers hailed by environmentalists around the world as visionaries. But now China’s strategy is in disarray. Though worldwide demand for solar panels and wind turbines has grown rapidly over the last five years, China’s manufacturing capacity has soared even faster, creating enormous oversupply and a ferocious price war."

Source: NY Times, 10/05/2012

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