Category: Energy

New Mexico allocates US$75 million to renewable energy sidecar fund

NEW MEXICO – New Mexico State Investment Council, Santa Fe, committed up to US$75 million to Brookfield Infrastructure Fund IV Renewable Power Sidecar Fund, managed by Brookfield Asset Management, said Charles Wollmann, spokesman for the...

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Industry will continue to lead the way on environment

TEXAS – BP reported oil demand will decline even as energy demand increases, the energy giant continues to diversify into the renewables energy market "The ultimate impact on the industry remains to be seen," said Todd Staples, president of...

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Texas Energy Company to invest US$1 billion in Texas Gulf Coast

HOUSTON – Texas-based energy company Max Midstream announced the acquisition of Oaktree Capital's Seahawk Pipeline and Terminal at the Port of Calhoun, with plans for a historic pipeline that will connect the port directly to the Eagle Ford and...

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El Paso, Las Cruces, and environmentalists oppose El Paso Electric’s power plant project

EL PASO – El Paso Electric's plan to spend more than $163 million to put a new, natural gas-fired generating unit at its Newman power plant in far Northeast El Paso is being opposed by the El Paso and Las Cruces city governments, the New...

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Acciona buys 240-MW solar project in Texas

TEXAS – Spanish group Acciona SA (BME:ANA) has bought a 240-MW solar photovoltaic (PV) project in Fort Bend County, Texas, from Diode Ventures, an infrastructure developer owned by construction engineering company Black & Veatch Financial...

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Salt River Project and sPower announced the construction of its new plant in Arizona

PINAL COUNTY – Salt River Project and sPower, a renewable energy independent power producer, announced construction is underway on East Line Solar, a new solar power plant that will bring US$10 million in 25 years of tax revenue and up to 350...

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Texas-Based Exxon Mobil Loses US$1 billion due to COVID-19

TEXAS – Two American oil giants lost more than US$9 billion in the second quarter as the coronavirus pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished Irving-based Exxon...

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El Paso Electric Launches First-Ever Energy Efficiency Marketplace

EL PASO– El Paso Electric (EPE) announced the EP Electric Marketplace, the first-ever online store with popular energy efficiency items with an instant rebate taken off at time of purchase In addition, EPE is proud to announce that its energy...

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Nuevo Leon’s wind projects are kept on stand by

NUEVO LEON – The new federal policies on renewable energy are the ones that have stopped at least three wind energy projects being built in the municipality of General Bravo, said Jorge Gorozpe Velazquez, director of Energy Development of...

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Juarez registered an annual inflation of 4.07%

JUAREZ – Pushed by rising food and electricity prices, Ciudad Juárez recorded an annual inflation of 407% during July, the highest level in the last 24 months According to the National Consumer Price Index (INPC) published by the National...

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