(From left) Professor E Nigel Harris, Vice Chancellor, University of the West Indies (UWI) in conversation at the launch of the Promoting Energy Efficiency and Renewable Energy in Buildings project, with Professor Anthony Clayton; Dr Camille Bell-Hutchinson; Edu Hassing and Professor Tara Dasgupta

BUILDINGS which generate as much or more power than they consume.

That is the future for Jamaica

(From left) Professor E Nigel Harris, Vice Chancellor, University of the West Indies (UWI) in conversation at the launch of the Promoting Energy Efficiency and Renewable Energy in Buildings project, with Professor Anthony Clayton; Dr Camille Bell-Hutchinson; Edu Hassing and Professor Tara Dasgupta

BUILDINGS which generate as much or more power than they consume.

That is the future for Jamaica

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A new Silicon Valley developer of thin film solar PV modules, backed by an Australian venture capitalist, has claimed an engineering breakthrough that could cut the manufacturing costs of PV modules by one third.

RSI has broken cover after five years of development to announce it has created a 1.5 square metre cadmium telluride PV (CdTe) module, twice the size of conventional modules.

It says this will enable solar PV modules to be manufactured at a cost of less than 40c/Watt, around one third cheaper than current mass-produced thin film and silicon based modules

The price of oil finished with a small loss Monday as traders waited for potentially market-moving news at midweek.

US benchmark crude for August delivery slipped eight cents to US$103.14 a barrel on the New York Mercantile Exchange.

Brent crude dropped 29 cents to US$107.43 on the ICE Futures exchange in London.

Oil was pushed higher last week by worries that turmoil in Egypt could disrupt shipments through the Suez Canal and a report showing robust job growth in the United States in June.

Later this week, the US Energy Department releases its weekly report on supplies of crude oil and petroleum products, the US Federal Reserve releases minutes of its recent policy meeting and OPEC issues its monthly update on the oil market.

A large decline in US supplies, or signs that OPEC decreased output last month could boost prices, analysts say.

Additional insight into the Fed’s thinking on monetary policy should also influence trading.

In other energy futures trading on the Nymex Monday, wholesale gasoline dropped one cent to US$2.88 per gallon; natural gas rose 12 cents to $3.74 per 1,000 cubic feet, and heating oil fell one cent to US$2.98 per gallon.

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