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Coronavirus

Mexico wants to reduce renewable energy because of the COVID-19 pandemic

The government of Mexico has quoted the COVID-19 pandemic as validation for new guidelines that would decrease the role energies that are renewable like solar and wind power, allowing amnesty to the government’s aging and fossil fuel power plants.

The verdict that happened on the weekend has ignited scandals among the Mexican and foreign investors who were permitted to vend their power into the grid, which is under the operation of the government. The industry associations highlighted that it would most likely disturb 28 solar and wind projects that were complete and was meant to be online, 16 more were said to be under construction with over 5 billion of investment pumped into it coming from the foreign firms.

The Mexican business coordinating council highlighted that with the investment at hand it signifies an attack and poses a threat to legal security for investment in the Mexican government, they further quoted that this could bring about grave consequences at hand such as loss of jobs and investor confidentiality. The council quoted a thirty billion in the affected investment saying that it does not consider renewable energy and also enables authorities to hollowly raise the price of electricity in the country and randomly move the power generation project that belongs to the private sector.

This is not the first dispute for President Andres Manuel who is considered as the winner of the oil industry owned by the state, and he so happens to hate the renewable energy and private-owned energy projects, since he assumed the office of the presidency he has removed plans trying on non-government oil exploration and obligated private sectors to rerun negotiations on the pipeline treaties

The latest guidelines that were published on Friday seem to achieve some of his targets, such as assuring income for the government’s electrical supplier, lifting consumption of government stashes of fuel oil, reduce the role of non-government power generators and elude.

The thing that shocked a lot of people is that his administration quoted the COVID-19 pandemic and the economic fallout that came along with it to validate the measure 

The government shielded the latest guidelines quoting that it enables the National Electrical System to certify dependability in the event of a reduction in demand for electrical power because of the pandemic. Because renewable energy projects are irregular, hence power feeds will have to be delayed.

Companies involved in this sector that is the Spanish and Canadian were to make appeals to their embassies and courts, but none of them could be traced to attest to that.

Mexico has been acting slowly in constructing the transmission infrastructure that could transfer power from the arid areas whereby wind and solar projects are staged to the towns and cities, and the same case applies to the supplementary plants when power sources naturally reduce.

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Coronavirus

Duke Energy continuous with its plan despite coronavirus pandemic

Given the depriving impact the coronavirus epidemic has on its infrastructure, Duke Energy has accelerated its ambition to raise clean electricity to 16 GW by 2025. The Chief executive Lynn Good told the conference call on Tuesday that the company’s first-quarter revenues from the company’s service market dropped, and its figures do not show the full effect of the COVID-19 quarantine orders. The image worsened more in April: Duke’s overall energy shares dropped by 5%, and the market of business partners declined by 12%, partly balanced by fairly decent home purchases.

On the other hand, Country-wide utilities announce drastic declines in the market for commercial and residential electricity. Several power industries have also subsidized the cost of serving housing clients who cannot purchase their charges because of joblessness or disease. Additionally, of 7.4 million electricity and 1.4 million coal and gas consumers throughout seven South-East and Mid-West counties, Duke is the world’s biggest US power transmission plant.

Amid a short-term crisis, Duke remained alongside its continuing plan to achieve net-zero pollution by 2050, beginning with a carbon emissions goal of 50 % reduction by 2030. A significant aspect of achieving its objective is the strategy under which the utility department aims to increase the current 8 GW clean energy surge by 2025.

Although Duke’s wind and solar production have expanded in past years, currently, just 5% of Duke’s 51GW of power generation. Throughout 19 countries as further as California, Duke Energy Innovations is often a sustainable energy business that competes with big competitors such as NextEra Energy.

Although it necessarily doesn’t anticipate a clean energy growth of the coronavirus epidemic, Duke is among many utilities and sustainable energy investors that are wrestling with uncertain results, mostly with the development of the pandemic. “Clearly, the coronavirus is a total mess, but we always feel confident about the targets we have developed,” Wheeless said. 

“The group has often been concerned with growing the demand for solar products in the middle of limited supply from major manufacturing and commercial clients. However, the group has required its solar farms to be limited over the third-party engineers,” stated Wheeless.

Duke has developed a comparatively small energy store as opposed to large-scale solar programmers. However, the 15-year comprehensive capital program aims to expand electricity generation to up to 300 MW. During the next five years, Chief executive Good stated, Duke decided to spend $56 billion in investment. Likewise, the capital entails significant projects, including the ten-year program for grid consolidation, $6 billion in weather toughening in Florida, and the refurbished proposal for grid modernization, which North Carolina refused in 2019.

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Coronavirus

Coronavirus Effects Continue Stacking Up

China’s growth in space exploration has leaped bounds recently. While the Asia based country has its sights set for deep space travel, primary concern lingers in the minds of state nationalists in America. The security that American space companies have against a takeover by Chinese space exploration expansion programs. The matter recently came up during an interview with Lt. Gen David Deptula. 

The Department of Defense is not vocal about the necessary actions it will take in such a scenario. Yet the news is a significant cause of concern for the country at large. SpaceWeb, one of the largest space explorations company’s recently filed for bankruptcy. The company was leading in the space race, being the most significant competitor for Elon Musk’s SpaceX. However, SpaeWeb assets are currently under receivership. SpaeWeb is the first company in the space exploration industry to file for bankruptcy under the weight of the Covid-19 pandemic woes.

Gen Deptula, however, had good news for the space agencies. He reports that the departments of defense, in conjunction with the white house and congress will work together to solve the matter. These bodies will come together in such an event to safeguard national security. SpaeWeb activities were useful to the American defense departments, and together with the military, it would set up military-grade communication centers in the Arctic region. He further ascertains that the company SpaeWeb already launched 74 high space orbital satellites into the atmosphere around the northern region 

In this regard, maintaining SpaceWeb’s ownership remains a matter of top national security. The Pentagon also joined concerned parties in the subject to protect such companies against purchase by foreign powers. The Department of Defense holds it a likely possibility that China will make a move to acquire the companies, should they file for bankruptcy. According to the Pentagon, the move to maintain operations of space exploration and communication companies remains a closely monitored activity. 

This move places all companies dealing in communicative technologies and space exploration under constant watch. In this regard, will the Space Acquisition Council form. The council comes as a watchdog over all acquisition transactions between space agencies. The committee will work hand in hand with intelligence agencies like the CIA. While intricate details are not currently available, known information is that the agency is a Congressional body fully operational under the Department of Defense’s jurisdiction.

While the virus spreads, it brings unprecedented effects to the economy. However, such results shed light on some issues not previously taken into account. These include the security threats that the acquisition of communication-based companies brings. Hopefully the government 

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Coronavirus

Oil Industry Forced to Restructure Towards Renewables

If you aren’t in the know, the coronavirus is the latest and deadliest of pandemics in recent history. Not to rank but the virus’ outcomes come short of its predecessor the Spanish Flu pandemic that laid waste in the in 1918. 

However, COVID-19 comes as it’s own package with a record 2,667,682 confirmed cases and 186,266 recorded deaths. The coronavirus has earned its novelty place among the most deadly viruses in this century. 

Yet the virus comes with a vendetta of effects. These range from societal, to economic across several industries. Among social effects are reduced social interaction and minimized traveling. Consumption is also affected as customers who frequent shops from time to time are forced to sit at home while practicing social distancing. Experts looking into the matter annotate a possibility where citizen’s economic needs will outweigh their need for safety. While this outcome is a likely effect of the virus, a more prominent expectation is the changes companies will need to make to cope with such extreme shifts. 

The companies expected to have taken a significant blow from the pandemic come from the oil industry. To curb the spread of the virus, the government issued a directive to minimize all non-essential commutes. In as much as the move is beneficial, it’s adverse effects affect a broader network that includes up to 6billuon people worldwide. 

With this new directive in place, consumers are encouraged to outsource activities while remaining in isolation. The effect has also affected businesses to look for innovative ways to make ends meet. 

Among the companies taking a roll with this is oil company BP PLC. BP will have to shift it’s spending into non-fossil fuel innovation. This point has been BP’s most extended shelved project. However, in the recent outcome following the pandemic, the scene is changing. BP is investing in its research and development for renewable sources of energy. 

Yet the shift not only affects BP but the oil industry as a whole. Oil firms are moving to renewables following the pinch of the virus. Shell has plans to implement a similar strategy. While announcing on 16th April, Shell’s CEO Ben Van Beurder hinted on such a possibility. Van Beurder, however, stressed the common tricky situation ahead. He further advised investors in the industry to brace for harder times. Nevertheless, he emphasized on the need for viewing this shift as the necessary nudge towards the future. 

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Coronavirus

Developments in Space Industry set to continue Despite Corona Outbreak

The development of science is a hard aspect to curtail. This move is prevalent, especially with the element of space exploration and the promise it holds for humanity. This development is the reason for the discovery of an OHV. On a consultant, the smooth-moving aspect of producing a spacecraft would at most partially help shield the OHB Systems from the impact of the coronavirus outbreak. 

Marco Fuchs, The OHB CEO and top executive has confirmed that so far this year. However, the estimate comes from two fortnights earlier, before the emergence of the COVID-19 virus became a global epidemic. This forecast of the highly profitable revenue source raked close to 1.1 billion euros ($1.2 billion) in anticipated returns. 

Following the set example several occurrences in a year, the corporation anticipates that significant income losses are too big, said Fuchs. In a further statement, he added that the German company Bremen is designing spacecraft primarily for state clients, including the Eu SPA and the European Commission.

The OHB develops the Galileo guidance based satellites situated in Europe and looks to invest in other Copernicus satellites. 

Fuchs explained that the imminent possibility of the coronavirus to occur for the OHB is the initiation and deployment of spacecraft. While part of more extensive efforts to curtail the epidemic, for example, when the ESAIL probe that OHB’s Luxembourg affiliate LuxSpace designed is back now only because French authorities have halted the operation of the start-up in Europe’s French Guiana spaceport. The Arianespace Vega missile is still pending a test. 

However, the rest of the almost 3,000 workers of OHB will operate on technological activities at a distance. OHB could begin developing increased development lags if the pandemic of coronavirus continues into summer 

Consumers in administration are accepting such disruptions further. They can also give subsidies to businesses that harm financially because developing nations encourage social detachment and other measures to reduce the spread of the coronavirus.

Fuchs stated that should the projects be pushed forward for so long they will not meet the set targets, OHB might experience monetary fines. While the glitches will provide the company some amnesty,  the contribution they will give will drop below its reach, such as experiments in ESA laboratories, which are compromised by safeguards of coronavirus.         

OHB announced € 1.03 billion in 2019, € 30 million in 2019, and excluding debt, taxes, and amortization profits of € 78.3 million up from EUR 65 million in 2018. OHB registered a € 1.03 billion rise in 2013. 

Fuchs said that OHB anticipates a new market of approximately EUR 2 billion in 2020

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Coronavirus

Tokyo and Mecca appear deserted places on satellite images

Covid-19 has changed the standard lifestyle of many people in the world.  Currently, in the world, there are more than 300.000 confirmed cases of coronavirus globally, according to data compiled by Johns Hopkins University. In the United States of America, there are at least 18,000 cases in 35 states and Washington, D.C.

In the USA, the Centers for Disease Control is encouraging that people implement “social-distancing” of more than one meter. These measures help stop the spread of the coronavirus, such as working from home and closing schools. Around the world, events are facing challenges such as cancelation or moved to later dates, and people are self quarantined. 

To illustrate the impact of coronavirus on some famous public spaces around the world, satellite imagery company Maxar took photos of deserted destinations like theme parks and brilliant tourist attractions. 

By Tuesday, March, japan had 530 confirmed coronavirus cases in the whole country. The CDC has given a level 2 travel health notice for Japan.  

In the year 2018, more than 18 million people visited Tokyo Disneyland.  

 According to BBC news, the holiest site in Islam at The Great Mosque of Mecca, which has more than 8 million people visitors in the year is empty, or the Haram mosque in Mecca. The strict regulation has made everyone to run for his life. 

On the 5th of March this year, the mosque was not functioning, and sterilization started, later it was open on 7th for ordinary prayers. Currently, Saudi Arabia Kingdom has experienced more than 150 coronavirus infections throughout the kingdom. In Italy, the country was entirely on the lockdown from Monday to put measures that will reduce the increase in infectious coronavirus. Italy stands as the second most infected country in the world, with more than 50,000 citizens having corona infection, and more than 3,000 people have scammed to death. The largest cathedral in the city of Millan, with a population of more than 1.4 million people, is not offering church mars like typical days.  

Since the beginning of this year, most of the tourist sites in China remain closed to prevent the spread of coronavirus. These tourists’ sites include Disneyland, the Great Wall of China, and the Forbidden City. China currently holds more than 80,000 victims and remains the most affected country by the corona pandemic. This coronavirus began in china in Hubei province later last year  

The pictures from NASA show there is a massive reduction in air pollution in the china atmosphere during this period of coronavirus pandemic. On a keen look at the world activities, people are avoiding congested places, and many governments have put strict measures that will ensure its citizens stay at home until when the virus will reduce or the vaccine and cure medicines are available.