Energy Update
LONDON, Dec 30 (Reuters) - Britain avoided a collapse in
mergers and acquisitions activity after the shock Brexit vote as
foreign companies used sterling's spectacular devaluation
against the U.S. dollar to snap up British companies, Thomson
Reuters data shows.
MEXICO CITY, Dec 29 (Reuters) - An imminent jump in Mexican
gasoline prices should not reduce auto sales in the near term
but will ultimately boost the market for more fuel-efficient
cars, a leading Mexican auto industry group said on Thursday.
QUITO, Dec 29 (Reuters) - Ecuador's central bank expects the
Andean nation's economy to grow by 1.42 percent in 2017 with
respect to 2016, central bank manager Madeleine Abarca said in a
press conference on Thursday.
A 2015 study by the National Renewable Energy Laboratory and IBM found that more accurate day-ahead predictions of solar energy generation levels would save ratepayers in California $5 million in avoided costs. Solar forecasts, which integrate weather patterns and solar production estimates to help grid managers predict how much solar energy will be produced across their system on a given day, allow utilities to better allocate resources and avoid the need to ramp up reserve power plants.
Tesla Motors Inc. and Panasonic Corp. completed work on an agreement to begin manufacturing solar cells and modules at Tesla’s factory in Buffalo, New York, eventually bringing some 1,400 jobs to the region.
SAN FRANCISCO, Dec 29 (Reuters) - A lawyer with deep
experience fighting climate change will lead California's
Department of Justice until the next attorney general takes
office, as the state and several others vow to combat global
warming despite skepticism from President-elect Donald Trump.
The first European installation of a grid-connected Tesla Powerpack was completed earlier this month in Somerset, south west England.
According to a recent report by the International Energy Agency, renewable energy is expected to deliver about 28 percent of the world’s electricity by 2021 — up from 23 percent last year. There’s no question that consumers have shown increased interest in leveraging renewable energy solutions over traditional generation services, citing reasons such as reduced carbon footprints, cost savings and even aesthetics.
WILMINGTON, Del., Dec 29 (Reuters) - Peabody Energy Corp
said on Thursday the deadline for creditors to join financing
deals aimed at bringing the largest U.S. coal miner out of
bankruptcy had been extended after large investors sued to slow
the process.
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