MONTPELIER, Vt. (AP) — A New York company announced Thursday it hopes to build a 150-mile power line from the Canadian border under Lake Champlain and then across Vermont to the town of Ludlow where it would connect to the New England electric grid.
The American Wind Energy Association said new wind farm construction and connections to the power grid have declined in 2013 with the wind Production Tax Credit set to expire at the end of the year, Bloomberg reports.
After values dropped 87 percent from a February 2011 to November 2012, solar industry manufacturers on the BI Global Solar Energy Index have recovered 55 percent of their lost value in a year as demand surged, Bloomberg reports.
BEIJING (AP) — China's troubled solar panel maker Suntech Power Holdings Ltd. said it was in line to receive a $150 million investment from a company controlled by its hometown government as it restructures following a debt default.
Power generated by the planned Hancock Wind project in Maine will be sold to Burlington Electric Department in Vermont, according to a deal announced Friday by wind farm operator First Wind, the Boston Globe reports.
Virginia's has moved closer to its goal of setting up a research turbine on the Outer Continental Shelf off the state's coast to gather wind data, now that BOEM has found no competing interests in the area, Newsplex.com reports.
ConocoPhillips said Friday it will set aside more than half of its $16.7 billion budget next year for North American shale projects, adding that it expects to hit its production target of 1,600 barrels a day, Reuters reports.
Cheniere's soaring share price hit a new record high Thursday and then again on Friday, following news of a deal to supply natural gas to Indonesia from a Corpus Christi facility that's still in the planning stages, according to Fuelfix.
Solaria has filed suit against a federal agency, seeking nearly $30 million after the Overseas Private Investment Corp. walked away from a deal with the California solar firm despite signing a commitment letter offering financing.
U.S. oil prices will remain relatively low and demand will increase, according to a Goldman Sachs analyst, who predicts the commodity cycle dominated by strong demand from China and India will turn "upside down," Reuters reports.
A Colorado State University professor says the oil and gas industry has helped the state recover from the recession, according to the Reporter-Herald, though not without social and environmental costs.