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EPA Recognizes Volkswagen Chattanooga for 'Green Power'
Volkswagen Chattanooga has received a 2013 Green Power Leadership Award from the U.S. Environmental Protection Agency (EPA). The annual awards recognize the country’s leading green power users for their commitment and contribution to helping advance the development of the nation’s voluntary green power market.
EPA presented Volkswagen Chattanooga with the award at an event held in conjunction with the 2013 Renewable Energy Markets Conference in Austin, Texas on September 23, 2013.
Volkswagen Chattanooga was one of only four organizations nationwide to receive a Leadership Award for the on-site generation of green power. The award recognizes EPA Green Power Partners who distinguish themselves using on-site renewable energy applications, such as solar photovoltaic (PV) or landfill gas. Volkswagen Chattanooga is currently generating more than 13 million kilowatt-hours (kWh) of green power annually from an on-site solar energy system, which is enough green power to meet 12 percent of the organization’s electricity use.
“We are honored that the EPA has recognized us with a Green Power Leadership award for the renewable energy generated by the Volkswagen Chattanooga Solar Park at our LEED Platinum certified factory in Tennessee,” said Frank Fischer, CEO and Chairman of Volkswagen Chattanooga.
“Volkswagen’s worldwide conservation program is called Think Blue and it’s a global call to sustainable ecological action on our blue planet,” Fischer said. “Generating green power onsite is an important part of Volkswagen’s efforts to be responsible for our footprint in everything from powering our factory to powering our cars.”
Volkswagen Chattanooga currently ranks No. 15 on EPA’s Top 20 On-site Generation list, which highlights EPA Green Power Partners that have achieved the highest annual on-site green power generation through July 3, 2013. EPA updates its Top Partner Lists quarterly at http://www.epa.gov/greenpower/toplists/.
Green power is electricity that is generated from environmentally preferable renewable resources, such as wind, solar, geothermal, biogas, biomass, and low-impact hydro. Using green power accelerates the development of new renewable energy capacity nationwide and helps to reduce greenhouse gas emissions from the power sector.
“EPA is pleased to recognize Volkswagen Chattanooga with a Green Power Leadership Award for its distinguished commitment to using on-site renewable energy resources,” said EPA Administrator Gina McCarthy.
“By investing in on-site green power, Volkswagen Chattanooga is generating cleaner electricity and reducing harmful carbon pollution, and providing a clear example of an organization thriving on innovation and sustainability.”
According to the EPA, Volkswagen Chattanooga’s current green power generation of more than 13 million kWh is equivalent to avoiding the carbon dioxide (CO2) emissions of nearly 2,000 passenger vehicles per year, or is the equivalent amount of electricity needed to power nearly more than 1,000 average American homes annually.
The solar installation at Volkswagen Chattanooga is an element of the highly-coveted LEED Platinum certification awarded to VW by the U.S Green Building Council in late 2011. At that time, the Building Council called the Chattanooga manufacturing facility “the world’s greenest auto plant” and noted it was the first automotive manufacturing plant in the world to receive the top LEED certification. Today, the Chattanooga plant remains the only auto plant worldwide to earn the LEED Platinum certification.
The Volkswagen Chattanooga Solar Park occupies 33 acres, or half of the 66-acre land parcel adjacent to Volkswagen’s state-of-the-art manufacturing plant. The solar park contains 33,600 solar modules from JA Solar designed to produce 13.1 gigawatt hours of electricity per year -- equivalent to the energy consumed annually by around 1,200 homes in the area.
The electricity produced from the solar park is expected to meet 12.5% of the energy needs of Volkswagen’s Chattanooga manufacturing plant during full production and 100% during non-production periods. The plant covers 1.9 million square feet and employs around 2,500 people who manufacture the highly-acclaimed Volkswagen Passat sedan. For Volkswagen, the solar park in Chattanooga will rank as the automaker’s largest photovoltaic installation worldwide.
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Last Update on August 21, 2014 07:34 GMT
SEOUL, South Korea (AP) -- Asian stock markets were dampened by a weak China manufacturing survey Thursday. But Japan gained on the prospect of a stronger dollar after Fed minutes showed policymakers are leaning toward their first rate hike since the 2008 financial crisis.
Japan's Nikkei 225 rose 0.8 percent to 15,575.82 and Australia's S&P/ASX 200 added 0.2 percent to 5,645.70. South Korea's Kospi sank 1.2 percent to 2,047.77 and Hong Kong's Hang Seng fell 0.9 percent to 24,948.59. China's Shanghai Composite was down 0.7 percent to 2,225.44.
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- The Labor Department today will report on the number of people who applied for unemployment benefits last week. In the previous week, more people applied for benefits, though the figure remained near pre-recession levels.
The Conference Board will issue its index of leading economic indicators for July. In June, the index, which is designed to predict the economy's future health, increased for a fifth straight month.
The National Association of Realtors will report on existing-home sales in July. In June, sales rose for a third straight month, lifting the figure to the highest level in eight months.
Freddie Mac reports on average U.S. mortgage rates for this week. Last week, the average for the 30-year loan slipped to 4.12 percent from 4.14 percent the previous week.
Also today, two big retailers report their quarterly financial results. Sears reports before the market opens. Gap reports after the closing bell.
HONG KONG (AP) -- A survey says Chinese factory activity expanded in August at a slower rate, suggesting the recovery in the world's No. 2 economy is losing momentum.
The HSBC preliminary purchasing managers' index fell to a three-month low of 50.3 from 51.7 in July.
The index is based on a 100-point scale on which numbers below 50 indicate contraction.
China's economy had been showing signs of revival after a slowdown, with growth edging higher to 7.5 percent in the April-June quarter. But the report on the country's vast manufacturing industry shows the recovery is uneven.
Communist leaders in Beijing have already unveiled small-scale stimulus to bolster growth. HSBC economists said "more policy support is needed to consolidate the recovery."
The final version of the survey is due Sep. 1.
BANK OF AMERICA-SETTLEMENT
WASHINGTON (AP) -- Officials directly familiar with intense private negotiations have told The Associated Press that Bank of America has reached a record settlement of nearly $17 billion with the government. The aim is to resolve a federal investigation into the bank's role in the sale of mortgage-backed securities before the 2008 financial crisis.
One of the officials, who spoke with The Associated Press said the bank will pay $9.65 billion in cash and provide consumer relief valued at $7 billion. The official spoke on grounds of anonymity because the settlement was not scheduled to be announced until Thursday at the earliest.
The deal is the largest settlement arising from the economic meltdown in which millions of Americans lost their homes to foreclosure. It follows agreements in the last year with Citigroup for $7 billion and with JPMorgan Chase & Co. for $13 billion.
Like the Bank of America deal, those settlements were a mixture of hard cash and "credits" for various forms of consumer aid that the banks promised to provide in coming years.
OMAHA, Neb. (AP) -- Warren Buffett's company has agreed to an $896,000 penalty for failing to give advance notice to l regulators about a December 2013 investment in wallboard maker USG Corp.
The Federal Trade Commission said Wednesday that Berkshire Hathaway Inc. should have notified the Justice Department before it converted $325 million of senior USG notes it held into 21.4 million shares of the company.
Because Berkshire was already a significant USG shareholder, antitrust laws required it to notify regulators because of the size of the deal. At the end of June, Berkshire held just over 39 million USG shares.
Berkshire did correct its initial filing after the USG investment and clarify that it should have notified officials. But regulators said Berkshire made a similar mistake six months earlier.
RALEIGH, N.C. (AP) -- North Carolina lawmakers have approved legislation they say makes the state the nation's first to address decades of toxic water pollution from residue left behind by coal-burning electricity plants.
The General Assembly on Wednesday approved legislation addressing the problem unmasked six months ago when a coal ash spill from a Duke Energy plant coated 70 miles of the Dan River in gray sludge. The measure goes to Gov. Pat McCrory before becoming law.
Environmentalists say the legislation improved on earlier efforts, but didn't go far enough.
Lawmakers say the measure would reverse a Superior Court judge's ruling that Duke must take "immediate action" to eliminate groundwater contamination that crosses onto a neighboring property.
Environmental attorney Frank Holleman says that will allow Duke to study the problem indefinitely before starting cleanup.
ATLANTA (AP) -- Some customers of The UPS Store may have had their credit and debit card information exposed by a computer virus found on systems at 51 stores in 24 states.
A spokeswoman for UPS says the information includes names, card numbers and postal and email addresses from about 100,000 transactions between Jan. 20 and Aug. 11.
United Parcel Service Inc. said Wednesday that it was among U.S. retailers who got a Department of Homeland Security bulletin about the malware on July 31. The malware is not identified by current anti-virus software.
Spokeswoman Chelsea Lee says the company isn't aware of any fraud related to the attack.
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