Energy Update
BARCELONA, June 17 (Thomson Reuters Foundation) - Only a
tiny fraction of climate change funding is going into
small-scale solar, biogas and other off-grid systems that may be
the best way to get power to the world's poorest, researchers
say.
MADRID/FRANKFURT, June 17 (Reuters) - Germany's Siemens
and Spain's Gamesa announced plans to create
the world's biggest builder of windfarms on Friday, seeking to
combine their respective strengths in offshore wind power and
developing markets.
MADRID, June 17 (Reuters) - Chinese energy conglomerate
Sinopec has served an arbitration notice to Spain's
Repsol demanding around $5.5 billion in compensation
over a 2012 joint venture, Repsol said on Friday.
BEIJING, June 17 (Reuters) - China has granted independent
refiner Qingyuan Group Co Ltd a preliminary oil import quota of
4.04 million tonnes per year, the country's oil industry
association said on Friday.
(Fri, 17 Jun 2016) EIA's <em>Annual Energy Outlook 2016</em> (AEO2016) Reference case projects that natural gas-fired electricity generation will exceed coal-fired electricity generation by 2022, while generation from renewables—driven by wind and solar—will overtake coal-fired generation by 2029. The shift away from coal-fired generation to a combination of higher natural gas-fired and renewables generation and greater energy efficiency is expected to be accelerated by the U.S.
SYDNEY/WELLINGTON, June 17 (Reuters) - Australian shares
edged up on Friday after three sessions of declines but were
still on track to post one of their worst weekly performances
this year.
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