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 […]

October 19 2017

Tesla and Vestas Partner in $160 Million Australian Project

Written by Jess Shankleman. This article first appeared in Bloomberg Markets. A novel $160 million renewable energy project combining wind, solar and storage technologies reached financial close. Tesla Inc. will supply batteries and Vestas Wind Systems A/S will supply turbines for the first phase of the Kennedy Energy Park, according to a Thursday statement on the […]

October 19 2017

World’s Biggest Oil Traders See Wildly Diverging Crude Price

Written by Grant Smith, Javier Blas and Manus Cranny. This article first appeared in Bloomberg Markets.  The world’s biggest oil traders say crude could rise above $60 a barrel in a year as demand grows and OPEC keeps cutting. Or it might fall to $45 as another wave of U.S. shale hits the market. The […]

October 19 2017

Caisse to Reduce High-Carbon Investments, Boost Renewables

Written by Frederic Tomesco and Sandrine Rastello. This article first appeared in Bloomberg News.  Caisse de Depot et Placement du Quebec, one of Canada’s largest pension funds, will scale back its high-carbon investments such as coal while boosting its renewable holdings in a bid to help fight climate change. Already among the world’s largest renewable […]

October 19 2017

Solar Wants to Help Fix a Power-Grid Problem It Helped Create

Written by Mark Chediak. This article first appeared in Bloomberg Technology.  Big solar farms helped create a power-grid predicament in California. And now they’re offering to help solve it. Solar panels have proliferated in the Golden State, flooding the grid with power supplies in the middle of the day when the sun’s out — and […]

October 19 2017

Forget Peak Demand, Norway’s Oil Chief Wants More Crude to Pump

Written by Mikael Holter. This article first appeared in Bloomberg News.  The renewable energy revolution doesn’t scare the man overseeing western Europe’s biggest crude oil spigot. The bigger and more immediate threat to Norway as an oil nation is the drought in large discoveries and projects, Petroleum and Energy Minister Terje Soviknes said in an […]

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