Energy Update

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TerraSmart had the pleasure of meeting Indycar driver Stefan Wilson earlier this month at our Intersolar booth in San Francisco. That may be the last place one would expect to find a racecar driver, but Stefan is as passionate about clean, renewable energy as we are. Plus, he has big plans to impact the carbon footprint of the Indycar sport. We contacted him to learn more.

State and local governments in the U.S. embrace PACE because of its ability to create jobs, promote economic development, meet sustainability standards and improve local building stock using no public monies. According to PACENation, 29 states and the District of Columbia have enabled PACE financing in their respective jurisdictions.

Composite wind turbine blade manufacturer TPI Composites last week priced its initial public offering of 6.25 million shares.

July 28 (Reuters) - Potash Corp of Saskatchewan
, the world's biggest fertilizer company by capacity, cut
its full-year profit forecast and dividend for the second time
this year on Thursday, and said that potash markets had reached
their low point.

RIO DE JANEIRO, July 28 (Reuters) - Brazilian mining company
Vale SA said on Thursday that second-quarter
net income fell 34 percent as provisions for potential losses
from the burst dam at its Samarco subsidiary and higher taxes
undermined productivity gains.

MILAN, July 28 (Reuters) - Moncler's Chief
Executive Remo Ruffini, who engineered the renaissance of the
Italian skiwear brand, is set to reduce his stake in the company
to make way for two new institutional investors.

* Falling China rail freight points to weak economy

(Updates prices in paragraph 2)

HELSINKI, July 28 (Reuters) - State-controlled Finnish
refiner Neste more than tripled its second-quarter
profit due to strong margins at its conventional oil products
and renewables business, lifting its shares to record highs.

July 28 (Reuters) - California's power grid operator
extended its call for consumers to conserve electricity into
Thursday as a heat wave continued to bake the state, especially
the inland cities.

July 28 (Reuters) - TransCanada Corp, Canada's
second-largest pipeline company, reported a slightly
higher-than-expected quarterly profit, and said the process of
seeking buyers for a sale of some assets in the United States
and Mexico was underway.

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