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  1. World Energy Council warns of cyber threats

    “Cyber threats are among top issues keeping energy leaders awake at night.” So says Christoph Frei, Secretary General of the World Energy Council on the day that WEC releases a report intro the cyber threat to power companies. It concludes that addressing cyber risks in the energy sector is not only critical to energy security, but is also vital for a resilient state and economy. The report also highlights that energy companies have seen a massive increase in the number of successful cyber-attacks over the past year. The WEC states that “the critical role that the energy sector plays in the functioning of a modern economy, with its increasing interconnection and digitisation, with the emergence of smart grids and smart devices, make the energy sector a highly attractive target for cyber-attacks aimed at disrupting operations. “In a worst case scenario these attacks can result in infrastructure shut down, triggering economic and financial disruptions or even loss of life and massive environmental damage.” The report, ‘ The road to resilience: managing and financing cyber risks ’, is published in collaboration with Swiss Re Corporate Solutions and Marsh & McLennan Companies, was launched today at the Energy Day in Berlin. It examines how cyber risks can be managed taking into account the changing nature of the energy industry and energy infrastructure . Frei said that “over the past three years, we have seen a rapid change from zero awareness to headline presence” on cybersecurity. “As a result, more than 30 countries have put in place ambitious cyber plans and strategies, considering cyber threats as a persistent risk to their economy. “What makes cyber threats so dangerous is that they can go unnoticed until the real damage is clear, from stolen data over power outages to destruction of physical assets and great financial loss. Over the coming years we expect cyber risks to increase further and change the way we think about integrated infrastructure and supply chain management.” The report is being discussed in Berlin in advance of the 23 rd World Energy Congress in Istanbul on 10-13 October. Jeroen van der Veer, former chief executive of Royal Dutch Shell, said: “The energy sector must take a systemic approach and assess cyber risks across the entire energy supply chain, improve the protection of energy systems and limit any possible domino effects that might be caused by a failure in one element of the value chain. Nevertheless, measures that require supply chain compliance or cross-border cooperation are more difficult to implement, and require increased cross-sector cooperation.”  

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    Thu, 29 Sep 2016

  2. Oil and Gas News: Algeria-Oil Prices story

    OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has depressed oil prices for more than two years and weakened the economies of oil-producing ...

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    Thu, 29 Sep 2016

  3. Oil Pices: OPEC deal shows cartel's resolve _ and desperation

    OPEC's unexpected understanding to trim production shows the cartel still has the resolve — and even desperation — to try to guide energy markets higher. But don't expect triple-digit oil prices anytime soon.

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    Thu, 29 Sep 2016

  4. WGL Energy Completes Massachusetts Solar Project

    The photovoltaic solar system will provide power to residential, commercial and industrial customers of the Devens Utilities Department. 

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    Thu, 29 Sep 2016

  1. UK community solar rooftop project switches on

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    Thu, 29 Sep 2016

  2. Indian association’s power awards given to several hydropower companies

    The Independent Power Producers Association of India named NHPC Ltd. winner of its award for Best Hydro Power Generator, with a first runner up of SJVN Ltd. and second runner up JSW Energy Ltd.

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    Thu, 29 Sep 2016

  3. Oil Prices: AP Explains: What does OPEC's tentative deal mean for oil?

    OPEC nations have agreed in theory that they need to reduce their production to help boost global oil prices during a meeting in Algeria, but a major disagreement between regional rivals Saudi Arabia and Iran still may derail any cut. What happened to oil prices and why can't OPEC agree to anything ...

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    Thu, 29 Sep 2016

  4. Mon Power removing ash trees to prevent power outages

    Tree crews have taken down nearly 16,000 dead and dying ash trees at a cost of nearly $2 million in the Mon Power service area so far this year 

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    Thu, 29 Sep 2016

  5. CGN Power acquires $1.5bn of nuclear assets

    CGN Power has agreed to acquire two nuclear power plants and an engineering unit from its parent company, China General Nuclear Power, for $1.5bn.

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    Wed, 28 Sep 2016

  6. GE and Mainstream to develop Vietnamese wind power

    GE Energy Financial Services and Mainstream Renewable Power have signed an agreement to develop, build and operate large scale wind power plants in Vietnam.

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    Wed, 28 Sep 2016

  7. Report warns EU may be left behind on renewables

    A report by industry body WindEurope recommends that the European Union raise its renewables target to 30 per cent by 2030 or risk being left behind.

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    Tue, 27 Sep 2016

  8. EDF Renewable Services Takes on 200 MW Solar Portfolio

    The portfolio includes 206 solar projects spanning 13 states from New Jersey to Hawaii, and ranges in capacity from 46 KW to 25 MW.

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    Wed, 28 Sep 2016

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