Category: News

October 20 2017

Saudi Companies Turn to Solar to Blunt Rising Power Price Risk

Saudi companies are looking to solar electricity to hedge the risk of rising power prices if energy subsidies are cut, according to one of the Kingdom’s biggest plant developers. “Everybody is very convinced that electricity prices are going to be reformed over the next three years,’’ ACWA Power International Chief Executive Officer Paddy Padmanathan said in […]

October 20 2017

SunPower Obtains $53 Million Financing for Residential Solar

SunPower Corp., the second-largest U.S. panel manufacturer, arranged more than $53 million in financing for residential-solar installations. The deal supports installations in eight U.S. states, Natalie Wymer, a spokesman for San Jose, California-based SunPower, said in an email Friday. Consumer demand “continues to grow and we want to continue to be positioned to answer that […]

October 20 2017

Pollution’s Annual Price Tag? $4.6 Trillion and 9 Million Dead

Written by John Tozzi. This article first appeared in Bloomberg News. Pollution in all its forms killed 9 million people in 2015 and, by one measure, led to economic damage of $4.6 trillion, according to a new estimate by researchers who hope to put the health costs of toxic air, water and soil higher on the global agenda. […]

October 20 2017

It’s Back to the Future for Stainless Steel Cars. Sort of

Written by Thomas Gualtieri and Rodrigo Orihuela. This article first appeared in Bloomberg Markets. One of the world’s largest stainless steel producers says the rise of electric cars will boost demand for the alloy in auto manufacturing. The opportunity outweighs the challenge of competing for nickel supplies, used in many batteries and the most important […]

October 20 2017

Virginia Seeks First Wind Farm in Region With Slowest Breezes

Written by Chris Martin. This article first appeared in Bloomberg News.      Anchored by General Electric Co.’s turbine factory in Pensacola, Florida, the southeast is home to more than 100 manufacturing sites supplying the U.S. wind industry. Yet most of the product gets shipped out to the wind belt running from Texas to North […]

October 20 2017

Renewable Energy Threatens the World’s Biggest Science Project

Written by Anna Hirtenstein. This article first appeared in Bloomberg Technology.  The world’s biggest scientific experiment is on course to become the most expensive source of surplus power. Components of the 20 billion-euro ($24 billion) project are already starting to pile up at a construction site in the south of France, where about 800 scientists […]

October 20 2017

Singapore’s Sovereign Wealth Fund Teams Up With Goldman on Japan Clean Energy

Written by Chisaki Watanabe. This article first appeared in Bloomberg Markets.  Singapore’s sovereign wealth fund is teaming up with a company created by Goldman Sachs Group Inc. to make its first-ever investments in renewable-energy projects in Japan. The fund, GIC Pte, will become a corporate partner in GS Renewable Holdings GK, the parent of Japan Renewable […]

October 19 2017

Amazon Battles Google for Renewable Energy Crown

Written by Brian Eckhouse. This article first appeared in Bloomberg Technology.     Even in the age of coal enthusiast President Donald Trump, clean-energy developers are finding plenty of interest in wind and solar power from businesses with sustainability targets, especially technology companies. That was on display in a video tweeted Thursday by Amazon.com Inc. […]

October 19 2017

Engie Agrees to Buy Solar-Power Firm Fenix to Expand in Africa

Written by Loni Prinsloo. This article first appeared in Bloomberg Technology.  Engie SA agreed to buy U.S. energy-technology start-up Fenix International to help fund the roll out of solar-power systems for Africans with no access to the electricity grid. The French utility will provide capital and help raise debt to expand the electricity service into […]

October 19 2017

Siemens Plans Thousands of Job Cuts Over Two Divisions

Written by Oliver Sachgau. This article first appeared in Bloomberg News.  Siemens AG is starting what could be its largest round of job cuts in at least two years and may close several sites as part of a reorganization plan, people familiar with the matter said. The retrenchments will fall in the German company’s power-and-gas […]