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Posts Tagged ‘increases’

Intel Increases Renewable Energy Credit Purchase to 2.5 Billion Kilowatt Hours

NEWS HIGHLIGHTS
  • Intel increased its renewable energy credit purchase to 2.5 billion kilowatt hours, a 75 percent increase over its 2010 commitment.
  • Intel has completed nine solar electric installations at Intel locations in four U.S. states and Israel, collectively generating approximately 3.8 million kilowatt hours per year of clean solar energy.
  • Intel, whose renewable energy credit purchase will exceed 85 percent of its estimated U.S. electricity use, was again named the largest voluntary purchaser of green power by the EPA.

SANTA CLARA, Calif., Feb. 1, 2011 – Building on years of support for renewable energy generation, Intel Corporation today announced that it will purchase 2.5 billion kilowatt hours of renewable energy credits (RECs) in 2011. This commitment is a 75 percent increase over its 2010 commitment of 1.43 billion kilowatt hours and equates to more than 85 percent of Intel’s estimated purchased electricity needs in the United States for 2011. In addition, Intel has completed nine solar electric installations at Intel locations in Arizona, California, New Mexico, Oregon and Israel, collectively generating more than 3.8 million kilowatt hours per year of clean solar energy.

“Intel’s renewable energy efforts are meant to spur the market and make renewables cheaper and more accessible, in turn helping to reduce the overall carbon emissions from electric generation,” said Brian Krzanich, senior vice president and general manager of Manufacturing and Supply Chain for Intel. “Intel’s REC purchases, support for solar installations and other clean energy investments will continue to be priorities for us as we search for effective sustainability opportunities around the globe.”

Intel first purchased RECs, the “currency” of renewable energy markets, and became the largest purchaser of green power in the United States1 with a 1.3 billion kilowatt hour commitment in 2008. Its 2011 purchase corresponds to the carbon dioxide emissions from the electricity use of nearly 218,000 average American homes or nearly 202 million gallons of gasoline consumed.2 As a result of Intel’s continued commitment to purchase RECs, the Environmental Protection Agency (EPA) again placed Intel at the top of its Green Power Partner List for 2011 as the largest voluntary, single purchaser of green power in the country. Intel was previously honored with the EPA’s Green Power Leadership Award.

In January 2010, Intel first announced its plans to construct eight solar projects across four states. Along with Intel’s first international solar electric project – a 50 kilowatt roof installation in Jerusalem – these projects are now complete and generating clean power for use at Intel facilities. The projects are a variety of types, including a massive 1-megawatt solar field that spans nearly six acres of land on Intel’s Folsom, Calif. campus, four rooftop installations and four solar support structures in Intel parking lots. Each of the U.S. installations, which were completed and are operated by Foster City, Calif.-based SolarCity, currently ranks among the 10 largest solar installations in its respective utility territory. The RECs generated by these installations are typically transferred to the local utility to support their regulatory obligations and programs.

Intel’s reaffirmed commitment to purchasing RECs and facilitating the nine solar electric installations is just the latest in Intel’s energy portfolio, which includes wind, solar, geo-thermal, small hydro-electric and biomass sources. Since 2001, Intel has invested over $45 million and completed approximately 1,500 projects to improve energy efficiency and resource conservation, saving roughly 790 million kilowatt hours of energy — enough to power nearly 69,000 average American homes for a year.3 Other highlights include:

Investments: Intel is dedicated to clean technology innovation and development.
  • As part of Intel’s broader objective to spur market demand for renewable energy, smart grid, home energy management and energy efficiency in enterprise, commercial, industrial and residential applications, Intel Capital, Intel’s global investment arm, has invested more than $150 million in approximately 20 clean technology businesses.

Operations: Intel continues to look for renewable energy and energy efficiency opportunities across its many locations.

Employee Engagement: Intel believes that employee engagement and empowerment are critical to its objective of embedding sustainability more deeply into the business.
  • Since 2008, Intel has linked a portion of every employee’s variable compensation — from front-line employees to the CEO — to the achievement of environmental sustainability metrics in three areas: energy efficiency of products, reductions in carbon footprint and energy use and improvements in environmental leadership reputation metrics.
  • As a key element of the solar installations at Intel’s facilities, awareness kiosks are set up in each site lobby to educate and engage employees in the company’s energy efforts.

Intel’s REC purchase will be handled by Sterling Planet, a national supplier of renewable energy, energy efficiency and low-carbon solutions. All purchases will be certified by the non-profit Center for Resource Solutions’ Green-e® program, which certifies and verifies green power products, and meet the requirements of the EPA Green Power Purchasing Program.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

1 According to the U.S. EPA

2 Source: EPA Green Power Equivalency Calculator. For more information, visit www.epa.gov/greenpower/pubs/calculator.htm

3 Source: EPA Green Power Equivalency Calculator. For more information, visit www.epa.gov/greenpower/pubs/calculator.htm

Central bank increases key policy rate

After reviewing current economic trends, the NBS Executive Board today announced it had raises the reference interest rate from 11.5 to 12 percent. The central bank’s board considered the fact that inflation exceeded the upper end of the target range and that further restrictions of monetary policy are needed in order to contain inflation pressures driven by the rise in regulated prices, inflation expectations, food prices and the price of oil on the world market, a statement said.

Poverty increases “because of crisis”

Over 100,000 more Serbian citizens were living below the poverty line in 2010 compared to 2009. This data was presented by Serbian president’s advisor for social issues Gordana Matković, who stated that the number of the poor has increased by about 20 percent during the crisis.

Employee Confidence in Job Security, Company Outlook Increases

While employees are more confident about job security, fears linger over pay and benefits cuts. – Despite
recent economic reports that show jobless claims have been down for several
consecutive weeks, employees reveal mixed feelings about what is in store at
their employer, for the overall job market and for their pay check in the year
ahead, according to the fourth-quarter Glassdoor employm…


Singapore’s container traffic increases 9.9% in 2010: Update 1

Singapore’s container traffic rose 9.9% in 2010, reversing the previous year’s slump, as the island-state vies with Shanghai to be the world’s busiest port.

Traffic last year rose to 28.4 million 20-foot equivalent units from 25.9 million TEUs in 2009, the Maritime and Port Authority of Singapore said in an e-mailed statement today. Total cargo handled climbed 6.4% to 502.5 million metric tons.

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Corruption level in Serbia increases

The level of corruption in Serbia has increased over the past three years and the government has had less success in dealing with the problem, Beta reports. The report quoted an opinion poll dubbed “The 2010 Global Corruption Barometer,” unveiled in Belgrade on Thursday.

STI increases 0.1% to 3,207.16 at trading break

Singapore’s Straits Times Index increased 0.1% to 3,207.16 as of the 12:30 p.m. trading break. Almost two stocks rose for each that fell in the benchmark equity index of 30 companies.

Shares on the measure trade at an average 15.6 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market.

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STI increases 0.2 % to 3,197.09 at trading break

Singapore’s Straits Times Index increased 0.2 % to 3,197.09 as of the 12:30 p.m. trading break. About the same number of stocks rose and fell in the benchmark equity index of 30 companies.

Shares on the measure trade at an average 15.5 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

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STI increases 0.2% to 3,198.1 at 9:44 a.m.

Singapore’s Straits Times Index increased 0.2% to 3,198.1 as of 9:44 a.m. local time. Two stocks rose for each that fell in the benchmark equity index of 30 companies.

Shares on the measure trade at an average 15.5 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

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Government increases milk premium

The Serbian government on Thursday adopted a decree, increasing milk premiums from RSD 1.5 RSD 4 per liter. The move was aimed at stabilizing supplies of milk both to the domestic market and for export, said a statement.

DBS increases preference share offer to $800m

DBS Bank, owned by DBS Group Holdings, increased a sale of preference shares to $800 million from $500 million after private investors bid for more than the securities on offer.

The 4.7% notes attracted applications for a total $1.8 billion, of which more than $1.4 billion came from individuals via ATMs and internet banking, DBS said in a Singapore stock exchange statement.

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Mobile Internet Equipment Spending Increases: Report

Apple’s iPhone and other smartphones are driving growth in mobile Internet equipment spending, a Synergy report finds. – Synergy Research Group announces the launch of its quarterly Mobile Internet tracking service with the publication of its Q2 2010 Market Share report. The report highlights robust growth for IP Equipment sales that provide the infrastructure to enable mobile operators to manage the rapid rise in Int…


STI increases 0.9% to 3,157.45 at closing

Singapore’s Straits Times Index increased 0.9% to 3,157.45 as of the close of trading, adding to a 1.1% climb on Oct. 1. More than two stocks rose for each one that fell on the 30-member gauge.

Shares on the measure trade at an average 15.5 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

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STI increases 1.1% to 3,165.45 at trading break

Singapore’s Straits Times Index increased 1.1% to 3,165.45 as of the 12:30 p.m. midday trading break, adding to a 1.1% climb on Oct. 1. Twelve stocks rose for each one that fell on the 30-member gauge.
 
Shares on the measure trade at an average 15.6 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares are among the most active in the market. 

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STI increases 0.3% to 3,140.41 as of 9:20 a.m.

Singapore’s Straits Times Index increased 0.3% to 3,140.41 as of 9:20 a.m., its second consecutive day of gains. Nearly three stocks rose for each that fell on the 30-member gauge.

Shares on the measure trade at an average 15.4 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.The following shares are among the most active in the market.

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STI increases 1.1% to 3,130.90 at closing

Singapore’s Straits Times Index increased 1.1% to 3,130.90 at the close. The measure advanced 1.2% this week, its sixth weekly gain. Three stocks rose for each that fell on the 30-member gauge.

Shares on the measure trade at an average 15.4 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market. 

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Golden Ocean increases investment in Knightsbridge Tankers through sale of vessel

Golden Ocean Group says the company has entered into an agreement with Knightsbridge Tankers to sell the capesize vessel Golden Zhejiang for $65.5 million.

The vessel will be sold together with the existing four-year charter agreement. The completion of the transaction is subject to successful financing and equity offering in Knightsbridge Tankers. The deal is expected to be concluded during Q4 2010.

The sales proceeds will be used to pay down debt on the asset and the balance of $18.5 million will be used to acquire a number of restricted common shares in Knightsbridge. Golden Ocean will receive shares at the same price as contemplated in the public offering of shares in Knightsbridge that is launced today.

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CDL Hospitality increases target to $2.39 by CIMB

CIMB lifts CDL Hospitality Trusts (J85.SG) target price to $2.30 from $2.04 to factor in contributions from potential acquisitions in near term, plus lower cost of debt, says Dow Jones.

CIMB says Studio M hotel, owned by sponsor Millennium & Copthorne (MLC.LN), likely to be injected into REIT. Notes 365-room hotel’s occupancy has already outperformed market average despite opening only in April.

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Autonomy iManage Increases Document Management System Efficiency Posted By : Peter Pal Disuja

With rapidly changing technology and an increasing emphasis on managing information properly, people inside and outside an organization are looking for simple technology solutions to help them address critical business issues pertaining to document and records management and compliance.