Energy Update
Warburg Pincus, the New York-based private equity firm, invested $100 million in India’s largest rooftop solar developer CleanMax Solar, the company said in a statement.
The U.S. Department of Energy yesterday said it will allocate $46.2 million for 48 projects as part of its SunShot Initiative. These projects are intended to develop innovative, early-stage solar power technologies, which are aimed at lowering costs and improving reliability and efficiency.
Once upon a time, Cleveland was the 5th largest city in the U.S. and ranked 1st in transportation equipment; 2nd in machinery; 3rd in iron-and-steel making; 4th in metal products; and 5th in electrical machinery. Not surprisingly, an entrepreneur named John D. Rockefeller made his fortune here and became the richest man in history.
In many ways, energy storage projects are no different than a typical project finance transaction. Project finance is an exercise in risk allocation. Financings will not close until all risks have been catalogued and covered. However, there are some unique features to energy storage with which investors and lenders will have to become familiar.
Six months into Donald Trump’s presidency and not a single infrastructure project has been approved as a result of any efforts by him and his administration. It is all talk, so far, even though it was a cornerstone of Trump’s campaign and also that of his Democratic rival Hillary Clinton.
(Thu, 13 Jul 2017) EIA now forecasts Brent crude oil spot prices to average $51 per barrel (b) in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent prices in 2017 and 2018. Daily and monthly prices could vary significantly from this forecast because global economic developments and geopolitical events in the coming months have the potential to push oil prices higher or lower than the current forecast.
FACTS technology to support major expansion project at Norway’s Nyhamna gas plant supplying power to up to 22 million UK homes.
ClearSign Combustion, a provider of industrial combustion technologies that deliver unmatched reduction of pollutant emissions while improving operational costs, announced that they have received a purchase order to qualify the company's revolutionary Duplex combustion technology as a precursor to an installation at a super major oil refinery.
With hundreds of solar engineering, procurement and construction (EPC) providers in the world, deciding who is going to build their multi-million-dollar solar farm, is not something developers take lightly.
Lackluster demand in key markets has persisted, and renewed concerns in Brazil are leading to a pessimistic outlook for Latin American polymer markets.
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