Energy Update
RIO DE JANEIRO, July 25 (Reuters) - A unit of Brazil's
state-led utility holding company Centrais Eletricas Brasileiras
SA sold its stake in a Nicaraguan hydroelectric
project for $44.2 million, Eletrobras, as the parent company is
known, said in a statement on Monday.
LONDON, July 25 (Reuters) - Hedge funds have been
liquidating their former record bullish position in crude
futures and options putting downward pressure on oil prices in
recent weeks.
At a time when investors are skittish over market volatility, they couldn’t be more bullish on the economic potential of renewables, in particular a form of clean energy financing known as Property Assessed Clean Energy (PACE).
LAUNCESTON, Australia, July 25 (Reuters) - If you had asked
Asia's refiners at the start of the year where they thought
their profits would be coming from, it's likely many would have
said gasoline. But China and India appear to have crashed that
party.
LONDON, July 25 (Reuters) - Oil prices fell on Monday,
holding near two-month lows amid worries that a global glut of
crude and refined products would weigh on markets for some time.
PARIS, July 25 (Reuters) - A consortium led by French-based
Quadran and a consortium of French group Eolfi and Chinese
nuclear group CGN have won tenders for pilot floating wind parks
off the coast of France, the companies said.
July 25 (Reuters) - SunEdison Inc's unit
TerraForm Power Inc said it had adopted a shareholders
rights plan to prevent any sale of a significant number of Class
A shares in the company.
GILLETTE, Wyo., July 25 (Reuters) - A squad of about ten
Peabody Energy Corp. miners clad in steel-toed boots
and hard hats climbed into massive bulldozers on a recent
morning, ready to create rolling hills of grass over former pits
at the Rawhide coal mine in Wyoming.
July 25 (Reuters) - SunEdison Inc's unit
TerraForm Power Inc said it had adopted a shareholders
rights plan to prevent any sale of a significant number of Class
A shares in the company by its bankrupt parent.
SYDNEY, July 25 (Reuters) - At least two bids have been
received for Australia's biggest electricity network, the New
South Wales government said on Monday, without confirming that
one of them is from State Grid of China.
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