Energy Update

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Working with partners around the world, researchers at the U.S. Department of Energy's National Renewable Energy Laboratory have completed five years of work toward helping establish an international quality standard for manufacturing solar PV modules.

The U.S. Supreme Court blocked a new federal regulation that would cut emissions from power plants, putting a hold on President Barack Obama’s most ambitious effort to combat climate change.

Ormat Technologies on Feb 4 said that it has reached commercial operation of Plant 4 in the Olkaria III complex in Kenya, increasing the complex total generating capacity by 29 MW to 139 MW.

DUBAI, Feb 10 (Reuters) - Iranian Oil Minister Bijan Zangeneh said on Tuesday that Tehran is ready to negotiate with Saudi Arabia over the current conditions in the global oil markets, Iran's Press TV reported.

Xcel Energy recently said it plans to call for $6 billion in wind and solar energy investment as part of what it says will be Minnesota’s most cost-effective way to comply with the Clean Power Plan, the nation’s first ever carbon emission reduction rule for existing power plants.

* Stock price down 48 pct so far this year (Adds financial details, CEO and analyst comments)

* H1 net loss A$449 mln vs A$308 mln net profit previous year

Feb 9 (Reuters) - Standard and Poor's Ratings Services has cut its credit ratings by one notch on four U.S. regional banks with large energy portfolios, citing a deterioration in the banks' asset quality over the past year.

NEW YORK, Feb 9 (Reuters) - Oil traders have scrambled to scoop up options as additional protection against wild swings in prices, sending a key index to its highest level since the worst of the global economic crisis in 2008, data shows.

SYDNEY, Feb 10 (Reuters) - Australia's second-largest energy retailer AGL Energy Ltd on Wednesday reported a statutory loss after tax of A$449 million ($317 million) after writing down the value of its gas exploration and production business.

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