Seco Tools adds solar to save
LENOIR CITY, TENNESSEE - An international manufacturer with a longtime production facility here is turning to solar as a way to save on its electric bill.
Swedish-based Seco Tools dedicated a 126-panel, nearly 29.61-kilowatt set of solar arrays that will help offset 60 percent of the company's lighting costs and 0.5 percent of its overall electric demand. Seco's U.S. headquarters is in Troy, Michigan.
The Lenoir City plant makes cutting tools and other machining products that Seco sells to a variety of industries. The company has been in East Tennessee since 1979 and employs 69 people.
The $187,500 project was assisted by a $59,220 grant from the Tennessee Solar Institute and a 30 percent federal tax credit. The project also received $1,000 in incentives from TVA and will participate in the agency's Generation Partners program, which pays a premium for customer-generated power from renewable sources.
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Egypt's renewable energy to reach 6.6 GW by year-end
CAIRO - Egypt is planning to expand into renewable energy projects in a bid to increase its contribution to the energy mix, the country’s minister of electricity and renewable energy Mohamed Shaker said.
Renewable power is expected to add 6.6 gigawatts (GW) by the end of 2020, with plans to reach 8,200 megawatts (MW) after the completion of the renewable energy projects currently under consideration, Shaker added in a statement on Tuesday.
This came during the minister’s video-conference meeting with the British ambassador to Egypt Geoffrey Adams to explore the potential means for cooperation between the two countries in the electricity sector.
