Energy Update
The Brazilian real has declined 17 percent since Oct. 31, when more than a gigawatt of solar farms won contracts in the country’s first-ever national solar auction and with the slumping currency driving up import prices, developers are holding off on signing supply deals for PV panels. Manufacturers that were considering setting up shop in Brazil are having second thoughts.
TBILISI, May 14 (Reuters) - Russia's economic contraction will curb the growth prospects this year for ex-Soviet republics in central Asia and the Caucasus, the European Bank for Reconstruction and Development (EBRD) said on Thursday.
At the most obvious level, microgrids could disrupt today’s utilities and their regulated-monopoly business model, because they challenge the centralized paradigm. In a nutshell, microgrids are localized power grids that have the ability to disconnect from the main, centralized grid to operate independently when the main power grid experiences disturbances. This significantly boosts grid resilience.
WASHINGTON, May 14 (Reuters) - Iran's Revolutionary Guard Corps Navy fired warning shots over Singapore-flagged cargo vessel in international waters in the Gulf on Thursday, prompting the cargo vessel to flee into United Arab Emirates' territorial waters, a U.S.
WASHINGTON, May 14 (Reuters) - Five Iranian boats fired shots across the bow of a Singapore-flagged cargo vessel in the international waters of the Gulf on Thursday, CNN reported, citing a U.S. official.
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