Energy Update
TerraForm Power Inc., the wind-and-solar company formed by the bankrupt SunEdison Inc., is setting up a formal auction to sell itself after Brookfield Asset Management Inc. attempted to take control of the company, according to two people with knowledge of the matter.
SAO PAULO, Aug 4 (Reuters) - Othon Luiz Pinheiro da Silva,
the former chief executive of Brazil's nuclear power company
Eletronuclear, was sentenced to serve 43 years in prison by a
Rio de Janeiro judge late on Wednesday, the Valor Economico
newspaper reported.
Aug 4 (Reuters) - Chevron Corp, the second-largest
U.S. oil company, is selling some assets in Asia worth up to $5
billion, the Wall Street Journal reported, citing people
familiar with the matter.
LONDON, Aug 4 (Reuters) - Britain could go into next winter
with very low levels of gas stocks, according to estimates by
Centrica Storage Limited (CSL) for withdrawals from its Rough
gas storage site, published on Thursday.
NEW YORK/SAO PAULO, Aug 4 (Reuters) - U.S. ethanol plants
and traders are rushing to sell biofuel to Brazil as tightening
supplies and logistics in the South American market give the
world's top producer a rare opportunity to ship south during the
peak sugar cane harvest, sources said.
CAIRO, Aug 4 (Reuters) - When Egypt announced plans to
develop renewable power in 2014, investors piled in, drawn by
year-round sunshine and chronic electricity shortages. Two years
on, many projects have stalled, hitting confidence among foreign
investors Egypt sorely needs.
TORONTO, Aug 4 (Reuters) - Canada's main stock index fell on
Thursday as shares of insurer Manulife Financial Corp
plunged after poor earnings and the exit of a major investor
hurt Canadian Pacific Railway stock.
New technology is evolving electricity transmission from a centralized, one-way system to a more distributed, interactive one. This system necessitates new electricity rates, and the National Association of Regulatory Utility Commissioners (NARUC) at its annual summer meeting unveiled a draft manual that will help states across the U.S. design them.
The power generation industry lit up Twitter with pictures of projects from all over the world during our #BestPowerProjects TweetUp.
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