Headline News:
- The University of Cambridge has blacklisted all investment in coal and tar sands companies following mounting pressure to divest from fossil fuels. The University currently has no coal or tar sands investments, and has “no expectation of having any such exposure.” [CleanTechnica]
Image Credit: University of Cambridge
- The nuclear reactors at Diablo Canyon, the last two in California, will close in 2024 and 2025 when their licenses expire, according to a proposal by PG&E, environmental groups, and unions. They are not economically viable, as costs for solar and wind power decline. [Bloomberg]
- Leading investment bank Morgan Stanley believes the Australian energy market is seriously underestimating the grow of solar and battery storage, and says the technology will be installed at rates four times quicker than the incumbent energy industry expects. [RenewEconomy]
- Exelon, known mostly as the largest nuclear generator in the US, is to become a wind energy developer as well. It notified the Ohio Power Siting Board of its intent to install up to 87 turbines to generate as much as 200 MW in northern Ohio’s Seneca County. [Platts]
- The NorthConnect project cleared its first hurdle as Ofgem, the UK energy regulator, granted a licence to the developers, paving the way for the project to begin navigating a set of complex regulatory rules governing electricity transmission in Europe. [Telegraph.co.uk]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
from Green Energy Times http://www.greenenergytimes.net/2016/06/22/june-22-green-energy-news-4/
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