Energy Update
Vermont utility Green Mountain Power last week selected a Waitsfield, Vt.-based solar solutions provider to move into the utility’s headquarters to explore innovative solutions in energy storage.
Canadian Solar Inc., the world’s second-largest solar manufacturer, is building its first plant in Brazil.
CHICAGO, June 20 (Reuters) - The U.S. government agency
created after the 2010 Deepwater Horizon oil spill plans in
coming weeks to unveil tougher financial requirements for
offshore oil producers aimed at protecting taxpayers from the
risk of cleaning up abandoned oil rigs, an agency executive told
Reuters.
TORONTO, June 20 (Reuters) - Canada's main stock index rose
on Monday, with financial and energy stocks leading a broad
rally as investors returned to equity markets on rising
expectations that Britain will vote to remain in the European
Union later this week.
Damian Carrington reported in The Guardian that solar PV plants in Great Britain generated more electricity than coal in May.
LONDON, June 20 (Reuters) - Hedge funds cut their net long
position in the main crude futures and options contracts by 63
million barrels, 10 percent, in the week to June 14, as the
rally in oil prices showed signs of running out of steam.
By 2018, Azerbaijan targets to commission the largest elevated wind farm at the water zone of the Caspian Sea, according to statements of executives of the country’s government and State Agency for Alternative and Renewable Energy. With an overall capacity of 200 MW, the project will let the country cut the demand for natural gas by at least 200,000 cubic meters per year.
ST PETERSBURG, June 20 (Reuters) - The New Development Bank
(NDB), an infrastructure-focused lender established by the BRICS
emerging economies, plans to issue debt in the local currencies
of its five member countries, the bank's president said.
June 20 (Reuters) - Oil and natgas producer Marathon Oil
Corp said it agreed to buy PayRock Energy Holdings LLC
for $888 million from venture capital firm EnCap Investments,
boosting its presence in the Oklahoma basin.
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