Energy Update
SAN JUAN, June 30 (Reuters) - Puerto Rico's semi-public
power utility, known as PREPA, on Thursday said it would make
all of a $415 million debt payment due on Friday, a relief for
bond insurers who might have been on the hook in the event of
default.
VANCOUVER, June 30 (Reuters) - A Canadian court has
overturned the approval of Enbridge Inc's Northern
Gateway oil pipeline, adding another steep obstacle to a project
fiercely opposed by environmentalists and many aboriginal
groups.
BOSTON, June 30 (Reuters) - The Fidelity OTC Portfolio, the
largest fund investor in SolarCity Corp, boosted its
stake in the company by 20 percent in May, just weeks before
Tesla Motors offered to buy the solar panel maker for about $2.8
billion.
Infrastructure investment firm Connor, Clark & Lunn has announced it will help finance the 12-MW Hunter Creek hydroelectric project near Hope, British Columbia.
June 30 (Reuters) - Canadian chemical maker Superior Plus
Corp said it scrapped the acquisition of rival Canexus
Corp as they could not agree on terms, two days after
the C$324 million ($251 million) deal was approved by Canada's
antitrust regulator.
Care Technology provides technological solutions to the needs of customers through innovations like energy-efficient LED lighting and transportable heat sources that operate without power racks or induction heaters. We spoke to co-founder Belinda Wong about the production of their sustainable offerings and the benefits of green technology.
As the renewable energy industry matures, the need for smart energy control systems continues to emerge. This is one theme that the two Intersolars are showcasing this year. Intersolar Europe, which took place in Munich June 22-24 saw 1,000+ exhibitors out of which 350 were in the energy storage industry.
Hannah Hawkins, Attorney-Advisor in the office of Tax Legislative Counsel of the United States Treasury was a panelist at the Renewable Energy Finance Forum in New York on June 21 and commented on investment tax credit (ITC) related guidance that Treasury is working on.
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