California is parched. The state’s worst drought in decades has left its reservoirs half-naked, if not skeletal. Officials say 17 communities could run out of drinking water this summer; some are considering mandatory rationing; and 500,000 acres in the state may be left fallow.
Infigen Energy, an Australian renewable energy project developer, expects to reach an agreement soon to sell two U.S. solar-power projects after delaying an effort to find a buyer for a wind farm at home.
The worst California drought on record is forcing Jeff Schmiederer to spend $1.1 million on two new wells for his 1,200-acre almond orchard. Trees got so little water in 2013 that this year’s harvest may drop 25 percent, and the damage may be even worse in 2015.
IDE Technologies Ltd. says a slowdown in mining investment won’t deter its plans to expand in Chile and Peru where governments are ordering mining companies to use desalinated seawater over freshwater supplies.