Energy Update

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ASHALIM, Israel, Feb 15 (Reuters) - In a vast expanse of open desert in southern Israel a 787-foot tower (240 metres) is taking shape that its builders hope will help make solar energy much more cost effective.

Powers Distributing, a beer distributor in Orion Township, Mich., teamed up with Newman Consulting Group (NCG), Lean & Green Michigan, and Michigan Solar Solutions to complete Michigan’s first refinanced Property Assessed Clean Energy (PACE) project.

DUSHANBE/MINSK, Feb 15 (Reuters) - Before he left Russia at the end of 2014, Sayidhuja Rizoyev used to make up to $40 a day as a construction worker. Then his boss decided not to renew his contract, and he returned home to ex-Soviet Tajikistan.

CAPE TOWN, Feb 15 (Reuters) - Job losses in South Africa's mining sector are likely to accelerate with mining companies such as Glencore and Anglo American battling to cope with a global commodity price slump.

RIO DE JANEIRO Feb 15 (Reuters) - Royal Dutch Shell , Europe's largest oil company, expects to make robust investments in Brazil's offshore, hoping to quadruple oil and gas output there by the end of the decade, its chief executive officer said on Monday.

California utilities are changing their Time of Use (TOU) rate schedules, and the changes are not good for solar customers. If you are in PG&E territory, you should immediately consider changing your electric rate plan. If you are in other California utility districts, check with your solar installer to optimize your rates. If you’re not in California, continue to be vigilant and advocate for favorable solar rates and net metering.

LONDON, Feb 15 (Reuters) - "Will Saudi Arabia, Iran and Russia reach a deal to boost oil prices by cutting production?" is precisely the sort of forecasting challenge tackled in Philip Tetlock's book on "Superforecasting".

MOSCOW, Feb 15 (Reuters) - Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orban will discuss economic ties including joint energy projects in Moscow on Feb.

FRANKFURT, Feb 15 (Reuters) - Germany's Bundesbank slashed its forecast for inflation on Monday, a signal that the same will happen across the wider euro zone, increasing pressure on the European Central Bank to loosen money supply.

LAUNCESTON, Australia, Feb 15 (Reuters) - - "We don't run our business on hope, we run it with foresight and focus." These are Rio Tinto Chief Executive Sam Walsh's words, but he's only half right.

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