Energy Update
SYDNEY, Aug 18 (Reuters) - Australia's Whitehaven Coal Ltd
posted a fiscal 2016 net profit of A$20.5 million
($15.69 million) on Thursday, beating analysts' forecasts.
SAO PAULO, Aug 17 (Reuters) - Brazil's federal auditing
court TCU ordered on Wednesday the seizure of about 2.1 billion
reais ($655 million) worth of assets from engineering firms
Odebrecht SA and OAS SA and some of their executives, to recoup
losses from contracts related to the country's biggest ever
corruption scandal.
Aug 17 (Reuters) - Bankrupt coal company Peabody Energy won
U.S. court approval on Wednesday for agreements with three
states to partially cover $1.14 billion in potential
environmental liabilities and for a bonus plan for its six top
executives.
LOS ANGELES, Aug 17 (Reuters) - SolarCity Corp on
Wednesday said it would cut operating costs, including slashing
its chief executive's salary, to bring expenses in line with its
reduced solar installation outlook.
Aug 17 (Reuters) - Tropical Storm Fiona, the sixth named
storm of the 2016 Atlantic hurricane season, has formed over the
central tropical Atlantic Ocean, the National Hurricane Center
(NHC) said on Wednesday.
Aug 17 (Reuters) - Solar panel installer SolarCity Corp
, which recently accepted Tesla Motors Inc's
$2.6 billion buyout offer, said CEO Lyndon Rive would now take
$1 as annual salary, a steep drop from $275,000, as part of the
company's cost-cutting plans.
Jenn Runyon, Chief Editor of Renewable Energy World and Paula Mints, Chief Market Research Analyst with SPV Market Research discuss three hot topics in the global solar industry for three minutes each. Today’s topics are net-metering changes in Nevada, North Carolina’s fear that solar PV could take use up all of the sun, and microgrids in Africa.
The show is filmed at 3PM eastern and uploaded to the website by 3PM pacific time. Take a look.
British Columbia-based tidal developer, Yourbrook Energy Systems Ltd., is testing what it calls a prototype of a shallow water tidal-powered generator pump that could one day be used as part of a pumped storage hydroelectric project.
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