Energy Update
Velcan SA announced that its subsidiary, PT Aceh Hydro Power, received an environmental permit for the 59-MW Meureubo 2 hydro plant in Indonesia.
Renewable energy was the biggest source of new power added to U.S. electrical grids last year as falling prices and government incentives made wind and solar increasingly viable alternatives to fossil fuels.
MADRID, Feb 4 (Reuters) - Indebted Spanish renewable energy firm Abengoa said on Thursday it would sell its stake in a solar thermal power plant in the United Arab Emirates as it offloads assets in a bid to avoid bankruptcy.
WASHINGTON, Feb 4 (Reuters) - A wide-ranging U.S. energy bill, the country's first major energy measure in more than eight years, was close to stalling in the Senate on Thursday as the chamber struggled to strike a deal to help Flint, Michigan cope with a drinking water crisis.
The first phase of North Africa’s largest solar power complex was connected to the grid in Morocco, with a generating capacity of 160 megawatts.
Seabed preparation work has begun at Veja Mate, a 402 MW offshore wind project located about 60 miles northwest of the island of Borkum in the German North Sea.
MOSCOW, Feb 4 (Reuters) - Iran has been discussing possible oil sales to top Russian oil producer Rosneft, Russian news agencies quoted a top adviser to Iran's Supreme Leader Ayatollah Ali Khamenei as saying in Moscow on Thursday.
With the U.K. government set to degress Feed-In Tariffs (FiT) for renewable energy generation from March 2016, it is critical that companies act now to secure beneficial subsidy payments. The implications of those subsidy changes for the anaerobic digestion (AD) industry spell a potentially significant loss for operators.
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