May 26 Energy News
World:
¶ Queensland is likely to get its first large scale wind farm. Ergon Energy offered a 12.5 year power purchase agreement for the 170-MW Mt Emerald wind farm. The wind farm, to be located about 50 km south of Cairns, is one of seven renewable projects Ergon Energy is considering. [RenewEconomy]
¶ The price of oil has gone above $50 a barrel for the first time in 2016 as supply disruptions and increased global demand continue to fuel a recovery. The rise followed US data on Thursday showing that oil inventories had fallen, largely due to supply disruptions following fires in Canada. [BBC]
¶ Respondents among energy executives surveyed for KPMG’s 2016 Energy Business Outlook were much more bearish than last year on energy commodity prices. More than four out of ten expect distributed systems to cause big changes in utility business…
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