Energy Update
LONDON, Sept 9 (Reuters) - Glencore's Monday announcement of a multi-pronged debt reduction programme has boosted its share price by 17 percent and the copper price by five percent from their respective Friday closes.
JAKARTA, Sept 9 (Reuters) - Indonesia's government will subsidise gas prices temporarily for "strategic industries", benefiting the likes of fertiliser and petrochemical companies, the energy ministry's secretary general, Teguh Pamudji, said on Wednesday.
Commerzbank AG, Germany’s second-largest lender, expects a 10 percent decline in renewable energy financing deals after a spate of offshore wind projects moved ahead last year.
DUBAI, Sept 9 (Reuters) - Iraq will use the proceeds of an international bond issue to fund salaries as well as infrastructure projects in the oil and gas, electricity and transportation sectors, according to a prospectus seen by Reuters on Wednesday.
Japan’s Environment Ministry will ease restrictions on geothermal development activities in national or quasi-national parks. Reports have estimated 80% of Japan’s geothermal resources are located in these parks.
SunEdison Inc., the world’s largest clean energy developer, agreed to sell half of a 265 MW solar farm in Utah to Dominion Resources Inc. for $320 million, expanding a joint venture the two companies formed last month.
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