In New York, NASDAQ shares in Abengoa SA (ABGB) plunged 49% in Wednesday trading after the embattled renewable energy developer said it would seek bankruptcy protection as it seeks to reorganize nearly $9.4 billion in debt. The protective filing was announced after an expected infusion of nearly $300 million from Spanish steelmaker Gonvarri did not materialize. [Read more...]
Source: Four Corners Wind Resource Center
3 p.m. ET
This Four Corners Wind Resource Center webinar will examine how wind energy from the Four Corners region is a growing, increasingly important source of electricity in the Western energy market that helps keep electric costs low. Speakers Mark Ahlstrom, NextEra Energy Resources vice president of renewable energy policy, and Jim Caldwell, lead project manager for the California 2030 Low Carbon Grid Study, will explore a high-wind future and how wind energy can provide services necessary to maintain a reliable electric grid. Best practices that allow for cost-effective integration of ever-increasing amounts of wind energy will also be reviewed. Register for the webinar.