ROUNDTABLE RELEASES THIRD QUARTER, 2005 RESULTS

first_imgROUNDTABLE RELEASES THIRD QUARTER, 2005CEO ECONOMIC OUTLOOK SURVEY RESULTSSouth Burlington, VT – Results from the Roundtable’s Third Quarter, 2005 CEO Economic Outlook Survey, show that business executives are expecting increases in both sales and capital expenditures over the coming six months, while employment levels will remain virtually unchanged from the previous reporting period.Chris Dutton, President and CEO of Green Mountain Power, is a member of the Vermont Business Roundtable. When asked to comment on his CEO Economic Outlook Survey responses, Dutton said, “The economy is strong in our service area. As we look ahead we expect increased sales. Additionally, the company expects to increase capital spending to make sure that our electric service is reliable, as that is what our customers value the most.”Conducted in the month of July, the Roundtable’s CEO Economic Outlook Survey enjoyed a response rate of 62%. The key findings, which reflect the membership’s outlook for the next six months, include the following details:* 74% of responding CEOs expect an increase in consumer sales, 24% see no change, and 2% anticipate a decrease. [Second Quarter Results: Increase 75%, No Change 23%, Decrease 2%]* 57% expect capital spending to increase in the next six months, 38% see no change, and 5% anticipate a decrease. [Second Quarter Results: Increase 49%, No Change 43%, Decrease 8%]* 49% expect employment to increase, 44% see no change, and 7% anticipate a decrease. [Second Quarter Results: Increase 49%, No Change 42%, Decrease 9%]According to Roundtable President Lisa Ventriss, “The pattern for 2005 projected sales expectations mirrors the experience of 2004. If the pattern continues, we should see the fourth quarter 2005 demonstrate an upswing. A similar optimism exists regarding capital expenditures. Compared to this time last year, respondents are slightly more optimistic. In terms of employment levels, compared to this time last year, our members seem to be more conservative in their staffing projections.”-#-Created in 1987 as a nonprofit, public interest organization, the Vermont Business Roundtable iscomposed of 120 CEOs of Vermont’s top private and nonprofit employers dedicated to making Vermont the best place in America to do business, be educated, and live life. Member businesses employ over 47,000 employees in virtually every county across Vermont.last_img read more

Largest subsidy-free solar farm in China begins commercial operation

first_imgLargest subsidy-free solar farm in China begins commercial operation FacebookTwitterLinkedInEmailPrint分享PV Magazine:China General Nuclear Power Group (CGN) has commissioned a 260 MW PV plant at a fishery in Dangtu county, in the Chinese province of Anhui.According to CGN, the plant was built by its CGN New Energy Holdings unit and is selling power through a private PPA at a price of $0.054 per kWh. The project covers a water surface of more than 400 hectares. According to its owner, construction began in mid-September and took only 98 days to complete.This week, Huawei revealed more details about the largest unsubsidized solar plant ever built in China to date. The company provided its string inverters for the facility. It said that the project was the first such installation to be approved by the National Development and Reform Commission (NDRC) in 2019.The plant uses an overhead large platform on which all equipment foundations are set and was deployed with 88,866 pipe piles. The developers had to face several challenges, including high requirements for fishery-solar integration and the need for piling and routing cables for water-based operations. Huawei added that O&M activities at the site will be particularly expensive and time-consuming, while noting how it also presents risks for a drop in module performance stemming from potential induced degradation (PID).China outlined its plan to spur the development of subsidy-free projects at the beginning of last year. In May, the Chinese government introduced its Mandatory Renewable Energy Consumption Mechanism, which from this year is imposing a mandatory requirement for the purchase of renewable energy on state, provincial and private grid operators, as well as electricity retailers, industrial entities with their own power generation facilities, and large electricity consumers involved in bilateral energy trading.[Emiliano Bellini]More: Chinese fishery hosting 260 MW of unsubsidized solarlast_img read more