Bayer signs corporate PPA for output from Iberdrola’s 590MW Pizarro solar project

first_img FacebookTwitterLinkedInEmailPrint分享Power Technology:Spanish renewables developer Iberdrola has signed a power purchase agreement (PPA) with pharmaceutical company Bayer to supply 100% renewable electricity. According to the agreement, Iberdrola will supply clean energy generated by its solar photovoltaic (PV) Francisco Pizarro plant to nine Bayer sites in Spain.Bayer’s three factories, five research and development (R&D) centres and the company’s headquarters for Iberia will be powered with clean energy.With an installed capacity of 590MWp, the Francisco Pizarro facility is spread across 1,300ha between the municipalities of Torrecillas de la Tiesa and Aldeacentenera. Claimed to be one of the largest solar facilities in Europe, Francisco Pizarro is expected to become operational next year. Once operational, the plant is expected to annually generate enough clean energy for a population of 375,000 people while offsetting 245,000tpa of carbon emissions.The ten-year PPA agreement will be effective from 2022.The two companies have also signed a PPA in Mexico, under which, Iberdrola agreed to supply clean energy to Bayer from the 105MW Santiago onshore wind farm in the state of Guanajuato.More: Iberdrola to supply green energy to Bayer facilities in Spain Bayer signs corporate PPA for output from Iberdrola’s 590MW Pizarro solar projectlast_img read more

Liability insurance plan debated Board withholds endorsement

first_img April 15, 2001 Gary Blankenship Senior Editor Regular News Liability insurance plan debated Board withholds endorsement Liability insurance plan debated Board withholds endorsement Senior Editor A proposal to endorse a new liability insurance provider has been rejected by the Board of Governors after they were told it could eventually harm the statewide market. The Member Benefits Committee recommended to the board at its recent meeting in Melbourne that it endorse a malpractice insurance program marketed by Seabury & Smith and underwritten by Chicago Insurance Co. But by an overwhelming vote, the board appeared to agree with former Bar President Ray Ferrero that such an action would undermine rate stability brought by Florida Lawyers Mutual Insurance Co., which was founded by the Bar more than a decade ago. Even though it has not been formally endorsed by the Bar, Ferrero said it is listed as a member benefit and was created by the Bar. Bruce Glassman, of the Member Benefits Committee, said a subcommittee that he chaired reviewed proposals from several companies before settling on one offered by Seabury & Smith and Chicago Insurance Co. The criteria used, he said, was to find a solid, highly-rated company offering the best combination of rates, coverages and incentives. “We’re here to present what is perceived as a major, major benefit to members of the Bar,” Glassman said. Incentives include coverage for part-time lawyers, up to $10,000 paid for loss of income caused by a liability case that goes to court, provision of low-cost CLE for Bar members, and a continued coverage for lawyers who retire, become disabled or die. In addition, the Bar would be paid a two percent fee that would yield $100,000 if the company, as expected, writes $5 million of insurance by its third year, Glassman said. He also noted that Seabury & Smith and Chicago Insurance have set up similar programs in five other states, including California, and they have not pulled out of any of those states. But Ferrero, who spearheaded the creation of FLMIC when he was president in 1988-89 and still chairs the FLMIC board, said the Bar endorsing a different carrier could eventually lead to destabilization of the lawyer liability insurance market and higher rates. He recalled that in the early to mid-1980s several insurance companies first offered cut rate premiums to attract business and then rapidly raised rates, with several carriers leaving the state. At one point, there were three rate increases in one year, including one where rates doubled and another where rates rose 40 percent, Ferrero said. FLMIC has brought stability to the market and helped hold down rates, even for lawyers to buy policies from other companies, he said. And the company is controlled and run by Florida lawyers, Ferrero said, adding that accepting the committee’s recommendation would give more control of the Florida legal insurance market to out-of-state corporations. It would be also unfair to lawyers who have invested in or purchased policies from FLMIC, he said. “I’m here to tell you and our board is here to tell you the endorsement will be misleading and confusing to the lawyers of this state and will be detrimental to the lawyers who invested in FLMIC,” Ferrero said. “The lasting legacy of this generation of lawyers to future generations is the formation of a liability company by lawyers for lawyers.” Board member Arthur Rice asked Ferrero why FLMIC couldn’t offer policies at rates competitive to Seabury & Smith and Chicago Insurance. Ferrero, who noted that FLMIC has many incentives similar to the new proposal, said rate wars won’t necessarily help the long-term market. “We’re not going to chase rates, we’re concerned with actuarial soundness,” he said. “That’s what happened in the 1980s, there was a spiral down [of rates] and a quicker spiral up.” Noting that accepting the Member Benefits Committee’s recommendation would mean the first Bar endorsement of a liability carrier, board member David Bianchi said, “I think it would be a horrible mistake for us to do this. I was on the board [as YLD president and president-elect] when this was done [FLMIC created].. . . I think everyone needs to remember we cannot judge what we need to do based on a snapshot in time. We would be biting the hand that feeds us to endorse a commercial carrier when we’ve got a Bar-created company.” Board member Henry Latimer agreed. “The Bar has never officially endorsed a malpractice carrier and I would urge that it not do so,” he said. The board rejected the committee’s recommendation overwhelmingly by a voice vote.last_img read more

Ukpong Anticipates Tough Challenge in Jide Bademosi U-19 Cricket Tourney

first_imgAs he spoke, the Lagos U-19 team was in training at the Tafawa Balewa Square Cricket Oval in preparation for the tournament. Team co-ordinator and First Vice Chairman of the Lagos State Cricket Association, Barnaby Ephraim told our reporter that Team Lagos was targeting history. “We want to be the first winners of this tournament and the trophy. We will do our best to ensure we come back victorious,” he stressed.Chairman of EMR, Seye Fadahunsi said they decided to sponsor the four-day event as part of their corporate social responsibility. “We want to provide a platform where budding cricketers will meet, socialise and foster relationship among themselves.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Tournament coordinator for the First Jide Bademosi U-19 cricket tournament,Okon Ukpong foresees a tough contest among the four teams that will be taking part in the tourney meant for teams in the South West region. The tournament gets underway from tomorrow at the Liberty Stadium Ibadan.Organisers said only four states; Lagos, Ogun, Osun and host Oyo will be represented in this maiden edition, which is an initiative of Energy and Mineral Resources(EMR) who are also the sponsors.Team Osun have already arrived Ibadan and are training hard to ensure they get acclimatised to both the playing conditions and the facility on offer.“They have been in Ibadan for two days now,” Ukpong said yesterday in Lagos, pointing out that Osun’s early arrival could give them an advantage over other teams from outside Ibadan.“It is not going to be business as usual for the teams because the level of seriousness among them is high and I predict a very keen competition ahead,” he added.last_img read more

Tyler Boyd: Bengals ’embarrassed’ by Steelers in prime time

first_imgBoyd, a Clairton, Pa., native who attended the University of Pittsburgh, had higher hopes for his homecoming than a lowly 33-yard outing in a blowout loss.”At the end of the day, I can take the losing, but when you go out there and get embarrassed, Monday night, prime time. I have too much pride to go out there and showcase what we showcased,” Boyd said, via the Associated Press. Related News Gardner Minshew gets weird nickname from Leonard Fournette; group records ‘Minshew Mania’ video Matt Nagy dodges questions about Roquan Smith’s mysterious absence; status uncertain for Week 5 Not only did the Bengals’ offense struggle to find a rhythm, quarterback Andy Dalton was sacked eight times and took 11 QB hits, both career highs. He finished 21 of 37 for 171 yards and an interception with a 7.2 QBR, his lowest since the 2017 season.”We have to make plays, we have to execute better,” Dalton said. “It’s everywhere and it starts with me. We have to improve what we’ve done to this point because it’s nowhere near the level that we want to play.” Melvin Ingram injury update: Chargers defensive end (hamstring) could miss multiple weeks, report says Tyler Boyd didn’t sugarcoat Cincinnati’s 27-3 blowout loss at Pittsburgh in prime time.”We got embarrassed,” the Bengals receiver told reporters after the game, per ESPN. “Straight like that. It sucks.” Adding insult to injury, first-year coach Zac Taylor became the second first-year coach to drop his first four games with the Bengals.”We didn’t expect to be an 0-4 team, but that’s where we’re at right now,” Taylor said. “There’s no excuses we can make.”The Bengals have a fighting chance to get their first win of the season when they host the 0-3-1 Cardinals in Week 5 action.last_img read more