Energy Update
Google Inc. forged an agreement to buy wind power from a new onshore park in Norway that’s supplied with Siemens AG turbines and financed by Blackrock Inc.
In the race to bring large-scale rechargeable batteries to the masses, there’s Tesla Motors Inc., Panasonic Corp. and Samsung Electronics Co. Then there’s tiny Electrovaya Inc.
People watched closely when China launched the Asian Infrastructure Investment Bank (AIIB) last year. The new multilateral development bank boasted an initial capital of $100 billion, a founding membership of 57 countries (with 24 more waiting to join end of this year), and a mandate to be “lean, clean and green.” After its first annual general meeting and seminars this week, it appears that the AIIB is starting to move in a positive direction.
The African Development Bank (AfDB) has a soft spot for renewable energy in Africa, but its push for energy efficiency in a new ten-year plan embraces a controversial approach — all sources of energy are acceptable.
OPEC is putting recent turbulence behind it, with Gabon officially joining the organization after a hiatus of more than 20 years.
TEL AVIV, July 5 (Reuters) - Harel Insurance Investments and
Financial Services and the Israel Infrastructure Fund
(IIF) are to buy 3 percent of the Tamar natural gas field from
Texas-based Noble Energy for $369 million.
July 5 (Reuters) - Canadian chemical maker Superior Plus
Corp said it was selling its construction products
distribution business for $325 million to reduce debt and focus
on its other businesses.
I was recently reminded of the policy maker’s penchant to think in straight lines, when preparing to brief a Vietnamese delegation of energy, environment and economic development ministers. The USAID sponsored delegation was touring the U.S. to gain greater appreciation of the role renewable energy technologies are playing in our domestic energy economy—in an effort to better appreciate the role they might play in theirs.
RIO DE JANEIRO/NEW DELHI, July 5 (Reuters) - Petrobras has
warned its Indian partners in a huge offshore project to not
expect oil from the site until 2022, according to sources, a
fresh sign of how low oil prices and the state-owned company's
corruption scandal and mountain of debt are dragging on Brazil's
energy industry.
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