Energy Update

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Setting a new annual record, renewable sources (i.e., biomass, geothermal, hydropower, solar, wind) accounted for almost two-thirds (63.85 percent) of the 16,485 MW of new electrical generation placed in service in the US during calendar year 2015.

The U.S. Senate in a voice vote on Feb. 1 approved an amendment to the Energy Policy Modernization Act (S.2012) that gives the U.S. Department of Energy flexibility in administering funding for energy storage research.

In 2014, annual global installed wind energy capacity reached an unprecedented 51.4 GW. Although final numbers for 2015 aren’t in yet, several sources, including Bloomberg and FTI Consulting, speculate that number could reach as high as 60 GW – an encouraging surge that gives fair indication 2016 could shape up to be another record year for wind.

PARIS, Feb 3 (Reuters) - French grid operator RTE will present a new strategy by this summer, its chief executive said on Wednesday, seeking to head off concerns that a sale of RTE shares is only being undertaken to finance its cash-strapped parent company's nuclear plans.

WARSAW, Feb 3 (Reuters) - Troubled Polish coal miner Kompania Weglowa (KW) has started talks with trade unions aimed at reducing workers' benefits, saying it needs to cut costs to attract investors following a slide in coal prices.

LONDON, Feb 3 (Reuters) - The United States was one of the biggest sources of oil demand growth in 2015 but the outlook for 2016 is much more muted, according to official forecasters.

JOHANNESBURG, Feb 3 (Reuters) - South African power utility Eskom does not expect to implement electricity cuts until at least August, its chief executive said on Wednesday, a relief for an economy on a tentative growth trajectory.

BRUSSELS, Feb 3 (Reuters) - European lawmakers on Wednesday backed a compromise deal to reduce car emissions that will still allow vehicles to exceed official pollution limits, defying calls for more radical reform following Volkswagen's emissions-test cheating scandal.

Feb 3 (Reuters) - Refiner Marathon Petroleum Corp reported a better-than-expected quarterly profit as low crude costs and strong gasoline demand pushed up margins.

* Syngenta says regulatory hurdles can be cleared (Adds details, Swiss regulator statement, advisers)

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