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July 14, local time on July 13, people familiar with the matter said that the Federal Aviation Administration (FAA) and Boeing have privately issued a notice stating that the fuel switch lock of Boeing aircraft is safe. The notice stated that although the design of the fuel control switch (including the locking function) is similar on various Boeing aircraft models, the Federal Aviation Administration does not consider this problem to be an unsafe condition and has issued airworthiness directives for any Boeing aircraft model, including the 787 model. It is reported that the Indian Air Accident Investigation Bureau disclosed the preliminary investigation results of the previous Indian Airlines Boeing 787-8 passenger plane crash on the 11th. The investigation report raised questions about the fuel cut-off switch of Boeing aircraft engines. The Federal Aviation Administration issued a continued airworthiness notice after the release of the investigation report.Market news: The EU plans to further cooperate with more countries hit by US tariffs.Sources: The U.S. Federal Aviation Administration (FAA) has told aviation regulators that there is no safety risk with the fuel switching locks on Boeing aircraft.German Chancellor Merz: The 30% tariff imposed by the United States will have a serious impact on Germanys export industry.German Chancellor Merz: I have had in-depth talks with US President Trump, European Commission President von der Leyen and French President Macron on tariffs. We hope to use the time before August 1.

In the United States, solar costs increased by more than 8 percent in the second quarter

Charlie Brooks

Jul 15, 2022 10:35

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According to a research published late on Wednesday, solar energy prices in the United States climbed by 8.1% in the second quarter as a result of an investigation by the Commerce Department into tariffs on Southeast Asian products and growing input costs.


According to a quarterly index that analyzes renewable energy transactions and is collected by LevelTen Energy, the increase amounted to a remarkable 29.7 percent increase in the overall price of wind and solar contracts, also known as power purchase agreements (PPAs), compared to the previous year.


Compared to the previous year, the cost of solar PPAs has climbed by 25.7%.


Since the Russian invasion of Ukraine, economic, logistical, and labor market problems caused by the coronavirus outbreak have intensified, undoing a decade of renewable energy industry cost reductions.


Wind contract expenditures grew by 2.5% during the quarter and have grown by 33.7% annually. Third-quarter wind energy costs in the Southwest Power Pool (NASDAQ:POOL) jumped by 16 percent due to a lack of transmission capacity. Some of the nation's most windy regions, including parts of Nebraska, Oklahoma, and Texas, are served by the grid operator.


LevelTen claimed that it was too soon to evaluate whether or not the decision by U.S. President Joe Biden in early June to waive tariffs on solar panels from the four Asian countries included in the probe for two years will alleviate some of the cost pressure.


In a survey of fifty developers conducted by the firm, around one-third responded that they wanted additional assurances that tariffs would not be applied retroactively if the Commerce Department were to implement them after the two-year wait.


LevelTen reports that the rising cost of wind and solar contracts for corporate and utility buyers has mirrored the rising cost of natural gas-related wholesale energy prices.


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