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Flooding risks rise with global warming

first_imgAnyone thinking about moving home should take note – flooding is an increasing risk – be sure to check your chosen area against flood risk.The Chairwoman of The Environment Agency, Emma Howard Boyd, said that on current trends, global temperatures could rise between 2C and 4C by 2100 and £1bn a year would need to be spent on flood management.She said some communities might need to move because of the risk of floods.Ms Howard Boyd, launching the consultation on the agency’s flood strategy, said that government policy should ensure that all publicly funded infrastructure is resilient to flooding and coastal change by 2050.“We can’t win a war against water by building away climate change with infinitely high flood defences,” she said.She called for more to be done to encourage property owners to rebuild homes after flooding in better locations, and with improvements such as raised electrics, hard flooring and flood doors, rather than just “recreating what was there before”.However, she warned that in some places “the scale of the threat may be so significant that recovery will not always be the best long term solution” and communities would need help to “move out of harm’s way”.More rain and more intense burstsThe agency expects more intense bursts of rain and continuing coastal erosion.It calculates that, for every person who suffers flooding, about 16 more are affected by loss of services such as power, transport and telecommunications.Ms Howard Boyd warned that climate change and population growth in England meant that properties built in the floodplain will double over the next 50 years.The agency points towards research from the Cambridge Institute for Sustainability Leadership which suggests that losses on UK mortgages and insurance-related losses could double.Ms Howard-Boyd said the government’s six-year flood programme had given flood and coastal protection “a shot in the arm”, but more will be needed.Environment Minister Therese Coffey said, “Flooding and coastal erosion can have terrible consequences for people, businesses and the environment.“That’s why we are already providing £2.6bn over six years, delivering more than 1,500 projects to better protect 300,000 homes.”But she added that “the threat of climate change will mean an increasing risk and preparing the country is a priority for the government, and the nation as a whole”.Sheila Manchester climate change Emma Howard Boyd Environment Agency flood risk flooding May 10, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Flooding risks rise with global warming previous nextHousing MarketFlooding risks rise with global warmingThe housing market in some areas is in danger of sinking – literally, the Environment Agency warns, as global warming increases flooding risks.Sheila Manchester10th May 20190656 Viewslast_img read more

Sailors, Marines Aboard USS Bataan Volonteer for COMREL

first_imgBack to overview,Home naval-today Sailors, Marines Aboard USS Bataan Volonteer for COMREL View post tag: Aboard View post tag: sailors View post tag: USS Sailors and Marines aboard multipurpose amphibious assault ship USS Bataan (LHD 5) volunteered for community relations (COMREL) projects while in Rota, Spain, Jan. 17.Sailors and embarked Marines participated in two separate COMRELs during the ship’s visit. Volunteers chose to give up some of their liberty to visit a local home for the elderly, while another group played a soccer game against a local Spanish team. A total of 17 Sailors and Marines of all ranks attended the events, which help to forge stronger bonds with the local community.“COMREL events give our Sailors and Marines a chance to interact with people from another country,” said Cmdr. Russell Graef, a Navy chaplain, Religious Ministries department head and coordinator of the COMRELS. “This helps to create good will between the U.S. and the international community. It builds bridges of understanding between people who would otherwise never get a chance to meet.”At the first COMREL, Sailors played guitar and sang for the residents at one home run by a Spanish convent.“That put a smile on their faces,” said Electronics Technician 3rd Class Randy Howe, a participant in the music COMREL. “We let them know that people really care. It makes me proud seeing my fellow sailors give up a little of their liberty to help others.”Residents at the retirement home thanked the volunteers with a standing ovation.A second group of 13 volunteers also played a soccer game against a local Divisional Two team from Rota. Although the American team lost to the more experienced Spanish team, Sailors agreed the game was still an excellent way to let off steam from a long deployment, and to have some fun.“We had a chance to meet and play against some really great soccer players,” said Aviation Boatswain’s Mate (Handler) Morden Joyles, who participated in the game. “We usually don’t get a chance to practice onboard ship, so this was an excellent outlet.”Both of the COMRELs were considered a success by those who gave their time.“We do COMREL projects because it gives all interested personnel a great opportunity to interact with civilians and military members from foreign countries in a venue that may not otherwise be available,” said Graef. “There are many people on Bataan who want to give of themselves. They want to do things for others.”Bataan is the command ship of the Bataan Amphibious Ready group, supporting maritime security operations and theater security cooperation efforts in the U.S. 6th Fleet area of responsibility.[mappress]Naval Today Staff , January 24, 2012; Image: navy View post tag: News by topic View post tag: COMREL View post tag: Marines Sailors, Marines Aboard USS Bataan Volonteer for COMRELcenter_img Training & Education View post tag: Bataan View post tag: Navy View post tag: Volonteer Share this article View post tag: Naval January 24, 2012last_img read more

Messer Reacts to Donnelly’s Bipartisan Ranking

first_imgDonnelly Claims Bipartisanship, Except When It CountsA recent study from Georgetown University ranked Senator Joe Donnelly among the most bipartisan senators.Unfortunately the study was based solely on bill sponsorships and co-sponsorships, not votes or results. Another study from the Center for Effective Lawmaking, which took into account whether a Senator’s bills actually advanced or became law, ranked Donnelly “least effective” in his entire party.“Senator Joe Donnelly claims bipartisanship, except when it counts,” Messer said. “On issues that matter to Hoosiers, Senator Donnelly votes lockstep with his liberal leadership in the Senate to block the President’s agenda. He votes with Chuck Schumer and Elizabeth Warren 80 percent of the time.”“When President Trump looks for bipartisan support in the Senate, Senator Donnelly never steps up to the plate. He was the deciding vote against repealing Obamacare, and he just voted against the President’s tax cut plan… despite feigning bipartisan interest for months,” Messer said. “Senator Donnelly is not working with the President, he’s not voting with Hoosiers, and he’s not delivering results.” FacebookTwitterCopy LinkEmailSharelast_img read more

REGISTRATION

first_imgCal Ripken Registration continues every Tuesday through October 17 from 7 to 9 p.m. at the Cal Ripken field located at 145 East 5th St. For information, email Mike at [email protected] Two of our Ripken stars are pictured here: Jakob Sanniola and Jose Angel Valverde showing some love on the field. ×last_img

BIA 2010 finalists now revealed

first_imgBritish Baker is delighted to announce the finalists for this year’s Baking Industry Awards.TV presenter and producer Esther Rantzen CBE will host the circus-themed black-tie event at the Park Lane Hilton, London, which takes place on Wednesday 8 September.Rank Hovis marketing manager Sara Reid, one of the judges for the Craft Business Award, which the company sponsors, said it had received some interesting entries from companies that had not previously taken part. “We have seen some different and quirky businesses, which was really nice; it was good to see the spread of the craft around the country,” she said.This year’s awards will be attended by key players in the industry and it is a good opportunity to network. The evening begins with a drinks reception, followed by a three-course meal, entertainment, and the announcement of the Award winners.For further details of the event and the Awards evening, go to www.bakeryawards.co.uk>>Esther Rantzen to host Baking Industry AwardsBIA 2010 Finalists:Baker of the YearSponsored by: VandemoorteleAndré Sarafilovic, Wm Stephen (Bakers); Paul Gray, Betty’s Bakery; Robin Jones, The Village Bakery (Coedpoeth)Confectioner of the YearSponsored by: Rich’sMark Legg, Dunn’s (Crouch End);Chris Bachmann, Bachmanns;David Lee, DA & W Lee Family Baker The Craft Business Award Sponsored by: Rank HovisGreenhalgh’s Craft Bakery;M Ray;Cinnamon SquareThe In-Store Bakery AwardSponsored by: Dawn FoodsTesco, Huish, Yeovil; Sainsbury’s, Fosse Park, Leicester; Morrisons, Riversway, Preston; Asda, Hunts Cross, Liverpool The Customer Focus Award Sponsored by: CSM (UK)Kensey Foods;Halls Food Group;Pieminister Bakery Supplier of the YearSponsored by: Sainsbury’sNicholas & Harris; Warburtons Bakeries; Mono EquipmentSpeciality Bread Product of the Year Sponsored by: Bakels Janes Pantry – Pumpkin & Raisin Seeded Bread;More? The Artisan Bakery – Lakeland Treacle Bread with Walnuts & Raisins;Bachmanns – Olive Bread with Thyme Celebration Cake Maker of the Year Sponsored by: RenshawRachel Hill, Planet Cake;Amelia Nutting, Shuga Budz;Caroline Occlestone, The Cake Shop LiverpoolBakery Food Manufacturer of the YearSponsored by: ADM MillingHoneytop Speciality Foods;Greggs;Park CakesThe Innovation Award Sponsored by: AsdaSwissôtel The Howard – TLSee Afternoon Tea; Hobbs House Bakery – The Online Store; Puratos UK – Cryst-o-filTrainee Baker of the Year Sponsored by: Improve and The National Skills AcademyKyle Hendry, Macphie of Glenbervie;Pamela Ellis, Blackpool and the Fylde College;Daniel Smith, J & I Smithlast_img read more

British Society of Baking calls for new members

first_imgThe new chairman of the British Society of Baking (BSB) has issued a rallying call for new members at the organisation’s autumn conference saying the organisation needs to “reposition itself”.At the event at the Ardencote Manor Hotel, Mike Bagshaw, who replaced outgoing chair Sara Autton and echoed her earlier call for each member to enlist a new member before the next conference, called on the BSB to do more work for youngsters in bakery.He told delegates: “We need more members. We need more people at conference and we need to find a way of getting news funds.”However, he added that because of the popularity of baking, thanks to shows like The Great British Bake Off, there had never been a better time to enlist people to the industry.“People are really understanding that it is a craft. You [home bakers] can make cake, but to make really good product takes skill,” added Bagshaw.“We need to reposition the BSB. There is a saying that if you do not know who you are, then how can anyone else?”As part of the BSB’s ongoing commitment to training and youth the organisation has set aside a £25,000 fund, which it is willing to donate to bakery colleges.The BSB is also gearing up for a big year in 2015 when it celebrates its 60th anniversary next October; it is holding a spring conference at Campden BRI in April and holds its 25th annual gold day next June.The autumn conference, which was held at the Ardencote Manor Hotel in Warwickshire, saw presentations by Chris Brockman, research manager for EMEA region at Mintel; Baking Industry Award (BIA) winner Dean Arbel, managing director of The Bread Factory; and Greg Woodhead, NPD manager at British Bakels.last_img read more

Trey Anastasio Trio Offers Tour Debut, TAB-Phish Crossovers In Birmingham [Photos/Videos]

first_imgPhoto: Christian Stewart Photo: Christian Stewart On Tuesday night, the Trey Anastasio Trio continued their spring tour with a performance at Iron City in Birmingham, AL. The band opened the show with a first set full of fan-favorite Phish tunes like “Blaze On”, “Party Time”, “Heavy Things”, and “Undermind”, as well as Trey Anastasio Band songs that later made the jump to the Phish arena, like “Alaska” and “Everything’s Right”. The first frame also featured the second “Set Your Soul Free” of the tour, as well as the tour debut of “Frost”.Set two opened with another Phish/TAB crossover favorite, “Gotta Jibboo”. That moved into an extended “The Way I Feel”, followed by “Night Speaks To A Woman”. The TAB/Phish crossover tunes kept coming from there, as the band rounded out set two with “Bug”, “Steam”, “Soul Planet”, and “Sand”. As he has in each city on this tour, Trey emerged for the encore with his acoustic guitar, offering a selection of solo numbers including “Farmhouse”, “Miss You”, and “More”, before welcoming Russ Lawton and Tony Markellis back onstage to close the show with “Pigtail” and “First Tube”.Trey Anastasio Trio tour continues tomorrow as the band begins a three-night run at New Orleans, LA’s Civic Theatre. For a full list of upcoming Trey Trio dates, head to Anastasio’s website. Below, you can see an assortment of photos from the Trey Anastasio Trio show at Iron City and view a gallery of photos from the show via photographer Christian Stewart.Trey Anastasio Trio – “The Way I Feel”[Video: Robby Stewart]Trey Anastasio [Solo Acoustic] – “Everything’s Right”[Video: Robby Stewart]Trey Anastasio Trio – “First Tube”[Video: bigphish7499]Setlist: Trey Anastasio Trio | Iron City | Birmingham, AL | 4/24/18Set 1: Blaze On, Party Time, Set Your Soul Free^, Frost^, Undermind, Heavy Things, Alaska, Burlap Sack and Pumps, Drifting, Everything’s RightSet 2: Gotta Jibboo, The Way I Feel, Night Speaks to a Woman, Bug, Steam, Soul Planet, SandEncore: Farmhouse*, Miss You*, More*, Pigtail, First Tube-* = Solo acoustic-^ = Tour debutTrey Anastasio Trio |  Iron City | Birmingham, AL | 4/24/18 | Photos: Christian Stweartcenter_img Load remaining imageslast_img read more

In Germany, learning while seeing

first_img Related President’s funding will allow organizers to lay groundwork for new Harvard programs overseas A different kind of teachingThe Harvard program’s roots are almost a decade old. That was when Beckert, who is from Germany, realized that his students often had little exposure to life outside the United States.Beckert, whose expertise is in 19th century U.S. history, initially devised a semester-long course in Germany. When the University decided to concentrate study-abroad efforts in the summer, he developed the current program, with the help of funding from the President’s Innovation Fund for International Experiences.“It helps for students to see things could be different,” Beckert said. “In the U.S., the debate [on problems like sustainability and migration] often suffers from a hopelessness … It can be done; there are possibilities. That’s something we must teach them.”Another characteristic of the program is that it throws instructor and students together for longer periods of time, allowing teachers to get to know students better then they would in a Cambridge lecture course.“We leave [for excursions] at 9 [a.m.] and are back at 9 p.m.,” Beckert said. “We read ‘All Quiet on the Western Front,’ and I was walking with a group of students talking about how literature contributes to writing history. It’s not on the syllabus, but these moments happen a lot … For me as a teacher, it’s much more satisfying.“It’s also fun. It reminds me of why I wanted to be a teacher. We’re making a difference in the lives of very smart people.”SaveSaveSaveSaveSaveSaveSaveSave Seed capital for summer learning First in an occasional series on Harvard’s wide-ranging programs and research in Europe.FREIBURG, Germany — The sky soared blue and flowers dotted the ground at Auschwitz when Ayanna Dunmore visited.“When I was looking at the ruins of the gas chamber, a butterfly was flying … next to me,” Dunmore said.It was mid-summer, and nature’s exuberance provided a startling counterpoint to the horror associated with the camp where the Nazis systematically gassed more than a million people, most of them Jews. Beauty and memory created a dissonance for Dunmore, a Harvard sophomore, and her Harvard Summer School classmates.“It was very hard to be in that space, but it was also very eye-opening. There’s only one gas chamber left, which we did walk through. That was actually one of the most disturbing parts for me,” Dunmore said. “You could definitely imagine what it must have been like for the people who were actually there.“I just kept feeling like there is a very big difference between learning about the Holocaust from history books and even the Holocaust Museum … [and] going to where it happened, walking along the trail where those poor prisoners were actually forced to walk, and being at places where so many atrocities were committed — walking into the gas chamber and thinking … that could have been you. It creates a lot of emotions that are hard to put into words.”To Sven Beckert, a strong summer program is about dissonance. It’s about immersing students in a new environment, exposing them to fresh perspectives, and challenging them, not just intellectually, but also emotionally and socially, in ways impossible during regular classes in Cambridge.The inaugural eight-week program, officially the Harvard Summer Program in Freiburg, Germany, offered four classes to 20 Harvard students. Beckert, the Laird Bell Professor of History at Harvard and the program’s director, taught the core course, examining European responses to migration, urbanization, and the lingering effects of its own fraught history.“The general theme of the program is to explore how Europeans deal with issues of great contemporary relevance,” Beckert said.In addition to Beckert’s course, Sheila Jasanoff, Pforzheimer Professor of Science and Technology Studies at the Harvard Kennedy School, taught a course on sustainability, while two faculty members from the University of Freiburg, Elisa Orru, a postdoctoral fellow at the university’s Centre for Security and Society, and Uwe Wagschal, a professor of political science and chair of comparative politics there, taught privacy and inequality, respectively.To Beckert, the classroom material served to prepare the ground for the out-of-class experiences. About half of his teaching occurred during an array of excursions beyond the classroom and Freiburg itself. The three-day trip to Poland and Auschwitz was a key excursion, part of the program’s emphasis on historical memory and how Europe deals with its sometimes painful past, but students ranked other trips as important too, in particular a visit to a World War I battlefield in France whose preserved front-line trenches made a stark visual impact.“One of the advantages of teaching a course like this in a setting that is intrinsically comparative is getting students to see that the same problem can manifest itself in a variety of different ways,” Jasanoff said. “Part of the secret of being able to live in a multicultural world is being able to see from the other person’s point of view what the world looks like.”In addition to the classroom teaching and the new understanding from travels around the region, the 800-year-old town of Freiburg was a classroom itself. Lessons were unavoidable just wandering its cobblestone streets, whether using budding German skills to strike up conversations, exploring the local culture through Flammenkuchen and other foods not found in Massachusetts, or even sampling urban transit models while hopping trams or dodging the legions of bicyclists who crowd the streets of lovely Freiburg, which prides itself as being Germany’s greenest town.“Even if I’m not around, students learn,” Beckert said. “It’s learning not for grade, it’s learning for the rest of your life.”Green town as classroomFreiburg today is a modern town built up around an old center, whose cobblestone streets, sidewalk cafes, and venerable stores are only accessed by pedestrians and bicyclists.Freiburg prides itself on its environmental sustainability and provided a living case study for students in Jasanoff’s sustainability course. The town is nested in a nation that, unlike the United States, has vigorously pursued clean energy policies, fostering renewables even as it works to close its nuclear plants.“Germany as a country probably represents the opposite pole to the United States in its embrace of sustainability as a public policy issue,” Jasanoff said. “Freiburg is probably the place you would name first if you wanted to study sustainability in Germany.”Sammota Mwakalobo, a Harvard sophomore from Quincy House, said the sustainability course was a big attraction of the program for her. A Tanzanian, her love of hiking and concerns about climate change came together in high school, when she hiked 19,341-foot Mount Kilimanjaro and saw the melting glaciers there.Outside the classroom, students experienced the town’s sustainability efforts firsthand, including its streetcars, in their daily commute from dormitories outside the town center and the ubiquitous bicycles that challenge cars for primacy on the area’s narrow streets. Two students produced a video about Freiburg’s “Blue Bridge,” which town leaders decided to close to vehicles and reserve for bicycles and pedestrians and which has become a symbol of the town, Jasanoff said. Students also had to comply with the complex recycling system and toured Vauban, a neighborhood dedicated to sustainability, with roads designed to discourage cars and homes designed to conserve energy, including some that annually contribute more to the electricity grid than they use.“There’s always something to learn from another place, no matter what,” said sophomore Michael Cheng.The town also illustrates that sustainability can be a boon to the economy. Freiburg is home to 100 solar companies employing 2,000 people, has 700 jobs in environmental education, and has 12,000 workers in environmental economics and research, according to town statistics.All that, combined with its location near Germany’s borders with France and Switzerland, which encourages teaching about the European Union (EU) and cross-border migration, make Freiburg an ideal setting for the program, Beckert said.Language and cultureSophomore Daniel Menz applied to the program in part because of his interest in modern Germany and in part for personal reasons: his great-great-great grandfather emigrated from a small town in central Germany to Minnesota in 1853.“Germany is so interesting at this time because it’s the largest economy in the EU,” Menz said. “It’s amazing. It’s been a pretty intense program.”In addition to the four core courses, there were optional language classes that proved, for some, an exercise in humility.“My highlight was I finally ordered food in German,” Dunmore said several weeks into the program, “which is a great moment.”The students lived together in hillside dormitories at United World College, under the eaves of the Black Forest, and when not in classes they were free to explore Freiburg, swim on hot days, hike nearby mountains, and immerse themselves in German culture and society.The gothic Freiburg Minster cathedral is possibly the most famous landmark in the city. Joe Sherman/Harvard Staff“I always ask, ‘What did you see, what did you observe?’ From students [you get] a sense how urban life can be different,” Beckert said. “You go to a coffee shop in Cambridge, people sit with their computers alone. Here, you go to a coffee shop to talk.”Course teaching fellows Balraj Kaur Gill and Hilton Simmet not only assisted in class, they also lived with the students in the dorms and provided out-of-class guidance, such as an introduction to cooperative cooking, a life skill useful anywhere.“Us cooking is pretty hysterical,” said Kate Brady, a sophomore social studies concentrator living in Dunster House. “We thought we were so tough, but we can’t cook for ourselves.”Harvard students shared the classroom with students from University College Freiburg, and each was paired with a German “buddy” who greeted them on arrival, showed them around, and eased the transition. The German students also diversified the classroom discussion, Jasanoff and Beckert said.In one class, Beckert recounted, students were talking about success and how New York is the city in which to “make it.” A German student offered a different point of view, saying, “I just want to be happy.”“They add tremendously to the discussion,” Beckert said. “They have read different texts, had different experiences, and say surprising things.”A World War I battlefieldOne place where the difference from Harvard’s campus was particularly stark was Hartmannswillerkopf, a peak in southeastern France’s Alsace region with a commanding view of the Rhine Valley.It was at Hartmannswillerkopf, also known as Vieil Armand, that French and German troops faced off during World War I in a ferocious battle for the high ground. From trench lines sometimes so close together that troops could hear each other’s conversations, they mounted assault after assault that moved the lines little, left 30,000 dead, and earned the mountain the nickname “man-eater.”After a trip of a little over an hour to get there, Beckert and the summer students toured the battlefield and sat beneath the shade of a tree to talk about World War I and its enduring impact on modern Europe.“It is completely different from teaching at Harvard,” Beckert said. “We do a lot of teaching on location … Learning on location is a big difference and a much better way to learn.”The trip to the quiet former battlefield included a tour by a French guide through the remnants of barbed wire and the trenches.“He took us through the French trenches and through the German trenches and through no mans’ land,” said Harvard sophomore Uriel Espinoza Gutierrez. “You see how they’re separated by maybe five meters at the most. And I think that was really telling, because you could kind of feel the memory there.”Sophomore Amelia Goldberg found a visual reminder of the battle’s ferocity — reflected today in its trees — most powerful.“The forest where the battle took place was completely destroyed, of course, because [of] cannons, artillery, heavy rain, and mud, everything. So there was a completely new growth of forest,” Goldberg said. “When you get to the top of the hill and look down … there’s just this line of a different color of forest around the edge of the hill … where the entire vegetation was wiped out and the traces [of the battle] still remain, preserved in the natural life.”In addition to its proximity to sites important in the world wars, Frieberg’s location near the intersection of three European nations helps teach about migration in the modern world, and about the ease of travel across national borders within the European Union. The students even visited a Basel neighborhood that prides itself on straddling all three countries. Another trip was to Strasbourg, France, where students saw the European Parliament, the EU’s legislative arm, and the European Court of Justice.“It was educational to sit in those spaces and see where the deliberations happen,” Jasanoff said of the impact on students. “My own view of this is it is a taste, it’s an appetizer that will lead them to do certain kinds of exploration.”last_img read more

Mike Bartlett’s King Charles III is Broadway-Bound

first_img View Comments King Charles III Related Shows God Save the King! A source close to the production has confirmed to Broadway.com that London’s acclaimed King Charles III is heading to the Great White Way in spring 2015, pending theater availability. According to the New York Post, the show, directed by Rupert Goold, is likely to play at a Shubert Theatre. Tim Pigott-Smith, who played the titular role in London, will star in the transfer. Of course, Her Majesty the Queen is also set for the Great White Way this season, with Dame Helen Mirren headlining The Audience.In the future history play by Mike Bartlett, the Queen is dead, and after a lifetime of waiting, Prince Charles ascends the throne. The controversial play explores the people underneath the crowns, the unwritten rules of our democracy and the conscience of Britain’s most famous family.The show had a successful run at London’s Almeida Theatre in the spring of 2014 before transferring to the West End’s Wyndham’s Theatre. The cast of the latter production also included Oliver Chris, Richard Goulding, Nyasha Hatendi, Adam James, Margot Leicester, Tom Robertson, Nicholas Rowe, Tafline Steen, Lydia Wilson, Katie Brayben and Miles Richardson. Show Closed This production ended its run on Jan. 31, 2016last_img read more

$53 Million Investment Infusion for U.S. Residential Solar Panel Maker in 8 States

first_img$53 Million Investment Infusion for U.S. Residential Solar Panel Maker in 8 States FacebookTwitterLinkedInEmailPrint分享Bloomberg News:SunPower Corp., the second-largest U.S. panel manufacturer, arranged more than $53 million in financing for residential-solar installations.The deal supports installations in eight U.S. states, Natalie Wymer, a spokesman for San Jose, California-based SunPower, said in an email Friday. Consumer demand “continues to grow and we want to continue to be positioned to answer that call.”The residential market is “where they ought to be focusing,” Joseph Osha, a San Francisco-based analyst at JMP Securities LLC, said in an interview Friday. “Residential solar may not grow at 50 percent, but there’s a market there.”South African bank Investec Plc led the financing. Investec has been a go-to lender for U.S. residential solar deals. It arranged about $880 million in debt financing last year for U.S. rooftop-solar developers and financiers, more than half of the $1.5 billion raised market-wide.SunPower, which is majority-owned by French energy giant Total SA, is both a manufacturer and developer, and is a co-sponsor of the 8Point3 Energy Partners LP yieldco that’s for sale. Its panels are used for utility-scale, residential, commercial and industrial projects.SunPower Obtains $53 Million Financing for Residential Solarlast_img read more

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