Energy Update
The upcoming retail electricity deregulation in Japan will create a way for Japanese municipal governments to produce and supply locally generated renewable electricity. The Fukushima nuclear disaster in 2011 became a strong source of motivation for local governments to take energy matters into their own hands.
REC Solar ASA has signed a deal with O Capital, the renewable energy arm of Orascom Telecom Media and Technology Holding SAE, forming a partnership to sell solar panels and related services in the Middle East and Africa.
Panasonic Corp., which makes the lithium-ion batteries for Tesla Motors Inc.’s cars, will begin selling batteries that power homes in Europe, starting in Germany, where people are given greater incentives to switch to solar-generated electricity.
OneEnergy Renewables is seeking regulatory approval in Maryland to build a 6 MW solar PV facility in Somerset County, Md. The Seattle-based company on Aug. 18 submitted to the Maryland Public Service Commission an application for a certificate of public convenience and necessity to build the project, which is called the Ibis Solar Farm.
LONDON, Sept 4 (Reuters) - Investors continued to pull billions of dollars out of emerging market stocks in the week to Sept. 2, but the cumulative outflow recently is now so large it is flashing a "buy" signal to investors, Bank of America Merrill Lynch said on Friday.
** BP down more than 3 pct after BofA-ML cuts rating on stock to "underperform" and warns of growing risks to co's dividend and potential for M&A that could be financed by stock
SINGAPORE, Sept 4 (Reuters) - Reliance Global Energy Services, a Singapore-based unit of Reliance Industries , has appointed a new chief executive and created a business development role to expand its trading activities, industry sources said on Friday.
WASHINGTON, Sept 4 (Reuters) - Saudi King Salman will meet with U.S. President Barack Obama in Washington on Friday to seek more support in countering Iran, as the Obama administration aims to use the visit to shore up relations after a period of tensions.
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