Walmart Draws More Solar Power

        Solar power and keg stands have one thing in common: Wal-Mart wants to profit from them. In the race for commercial solar power, Wal-Mart is killing it. The company now has almost twice as much capacity as second-place Costco. A better comparison: Wal-Mart is converting more energy from the sun than 38 U.S. states.
        In the beer department, Wal-Mart recently decided alcohol was good business and vowed to double sales by 2016. The result: 500 reps from the alcohol industry converged on the Sam's Club auditorium in Bentonville, Arkansas for an "adult beverages summit" focused on Wal-Mart. "It's even selling it in garden centers," wrote Bloomberg News in August.
       With solar, will Wal-Mart have the same industry-focusing presence its had with booze? If small business is the heart of the U.S. economy, Wal-Mart is the gluteus maximus (also known as the power muscle). The company defines global supply chains and crunches cost reductions in just about every area it touches. More than 80 publicly traded companies rely on Wal-Mart for 10% or more of their annual revenue, according to Bloomberg data. "When we find something that works--like solar--we go big with it," the company's website proclaims.

Oil-Rich Russia Works to Increase Renewable Energy

     The Energy Ministry of Russia has recently submitted a draft law to Dmitry Medvedev, prime minister of Russia, which is intended to support the deployment of renewable energy sources, such as solar power, wind power, and hydroelectric power. Russia, however, has failed to meet its renewable energy set goal for 2010, in which it was to obtain 1.5% of the country's electric demand from renewable power plants. In 2011, Russia even failed to reach yet 1%.
      Currently there has been no details concerning tariffs for specific technologies, but notably the new law promises a 14% return on investment. In addition, the electricity is said to be bought through power purchase agreements. If approved, this project would cost an amount of 85 billion rubles (approximately $2,716,396,000). This, in turn, is shown to the public as an incentive scheme that will prioritize projects that are in line with a local content requirement.
      Russia, Saudi Arabia, and United Arab Emirates (UAE) are the few of the largest petroleum exporters throughout the globe. They are each ones of the top 8 petroleum producers yet they acknowledge the environmental consequences of using petroleum, especially UAE whereas the nation aggressively pursues solar and wind energy. The possible reasons for why these petroleum-dependent nations are pursuing renewable energy is as follows: the consequences of climate change, air and water pollution are severe; and the less oil nations consume may lead to more demand in exports causing there to be an increase in foreign exchange revenue and massive petroleum-derived profits.
      This new plan's target goal is for Russia to obtain 2-2.5% of its electricity from renewable energy sources, or 6 gigawatts of installed capacity by 2020. It has also been claimed that the draft law has supposedly been approved by Prime Minister Dimitry Medvedev on April 25, 2013, but there has been no information regarding this announcement in the English media as of yet.