Energy Update
London-based solar firm VivoPower International last week said that its subsidiary has signed a joint venture agreement that will give it the right to acquire solar projects in a 1.8-GW portfolio to be developed in the U.S. by Innovative Solar Systems.
NRG Energy Inc., the largest independent U.S. power producer, completed a 20-MW solar farm in California that supplies power for Cisco Systems Inc.’s headquarters.
The introduction of sweeping reforms by India’s National Democratic Alliance government since they came into power in 2014 has given a new momentum to India’s manufacturing sector.
(Mon, 24 Apr 2017) The electricity generated by a solar photovoltaic (PV) system depends on the orientation and tilt of the PV panels, and in some cases, its ability to track the sun throughout the day. Because photovoltaic panels operate more efficiently when oriented directly at the sun, some systems use solar-tracking technology to increase electricity generation by rotating the panels along one or two axes.
Gaz Métro’s subsidiary Gaz Métro LNG has completed its expansion project, which will triple its natural gas liquefaction capacity in Canada.
Arizona utility Salt River Project announced a 20-year power purchase agreement for a grid-scale, integrated solar and battery project that will be located in Pinal County.
In part two of a series on why oil prices have failed to rally despite OPEC's best efforts at managing supply cuts, we ask: Why is the market so bullish?
In the satiric movie Network, Howard Beale said: “Edward George Ruddy died today! Edward George Ruddy was the Chairman of the Board of the Union Broadcasting Systems and he died at eleven o'clock this morning of a heart condition! And woe is us! We're in a lot of trouble!!”
A consortium led by Macquarie Group Ltd. vowed to beef up global spending in clean energy technologies after it agreed a deal to buy U.K. Green Investment Bank from the British government for 2.3 billion pounds ($3 billion).
(Fri, 21 Apr 2017) Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,051 billion cubic feet (Bcf), or almost 15% above the five-year average according to EIA's <em>Weekly Natural Gas Storage Report</em>. The total inventory of U.S. natural gas in storage tends to follow seasonal patterns of injections through the summer and withdrawals during the winter.
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