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Relative to the Company’s previously communicated outlook for the third quarter, global unit demand has lagged expectations particularly in Latin America, Thailand and Spain. End market demand throughout Latin America continues to be hampered by inconsistent construction spending and electrical infrastructure investment. In Thailand, demand for the Company’s products has not yet been significantly impacted by the actions taken by the new government aimed at improving domestic economic activity. Additionally, the Spanish market remains difficult due to the ongoing challenges faced in that economy.

n 2010, thermal energy displaced hydro as the major source of energy generation for the Chilean Central Interconnected System.  Coal, natural gas, and diesel supplied over 50% of energy consumed while hydropower accounted for 48%.  This trend is expected to continue in 2011 if current water shortage conditions persist. (El Mercurio, 1/4/11)  Last year’s drought created a 26% increase in thermal generation as compared to 2009.

The Regional Energy Efficiency Strategy initiative led by Bun-ca has reported an energy savings of 9368 MWh over the past six years, equivalent to 4992 tons of carbon dioxide, by working with 190 companies in the industrial and commercial sectors to become more energy efficient.   Recently UNEP’s En.lighten study estimated that Costa Rica could save 276,000 MWh and $27.6 million per year if they changed all light bulbs to CFLs.  The cost of this change was estimated to be $22.63 million.  (El Financiero CR, 1/3/11)

The Mexican government is planning to invest four billion dollars to build a one thousand megawatt renewable energy storage facility in Northern Mexico.   The facility will use a special kind of sodium sulfide batteries for the project which is expected to be completed in the next six years.  (Clean Techies, 1/6/11)

Mexico Takes Lead in Latin America with Announcement of Region’s Largest GE LED Street Lighting Project

The Chilean Agency for Energy Efficiency is developing an energy efficiency labeling system for new vehicles due out in 2011 and will be mandatory starting in September.  (Diario Financiero, 12/16/10)

Scientists at the University of Costa Rica are developing solar cells sensitized with dyes from local plants.  Benefits of the cells include its cheaper production price, flexibility and thinness, and ability to produce power with very little light.  However they are not yet as efficient as the present day silicon solar cells. (El Financiero CR, 12/14/10) Mitsubishi Motors will release the first electric car in Costa Rica, called iMiEV.  The car is 100% electric, automatic, is powered by a lithium-ion battery, has room for five people and will cost $61,500.  According to the company, Costa Rica was chosen for car’s release in the Americas due to its environmental record and goal to become carbon neutral by 2021. (El Financiero CR, 12/14/10)

Growth in spending on machinery and investment by the world’s 2,000 biggest companies has begun to contract for the first time since the Lehman crisis, led by sharp falls in China and a near collapse in Latin America.

Such concerns, though they have particular resonance in Latin America, apply to other countries that have ridden China’s commodity train, from Australia to Mongolia. Many countries have bet the farm – or rather the mine – on everlasting demand from a China whose economy is now slowing.

he rapid worldwide expansion in large-scale wind and solar projects, coupled with the growth of heavy industry in Latin America, South Africa, and other regions, is providing new opportunities for flexible alternating current transmission systems (FACTS)