Category: News

October 23 2017

How Asia’s Oil Hub Is Going Green

Written by Dan Murtaugh. This article first appeared in Bloomberg Markets. Singapore plans to develop solar power and energy-storage technologies as the oil-trading hub of Asia pushes to generate more of its power from renewable sources. The city-state is testing floating power projects in its reservoirs, a technology that could help solar meet as much […]

October 23 2017

London Clamps Down on `Toxic’ Vehicles With New Daily Fee

Written by Jess Shankleman and Charlotte Ryan. This article first appeared in Bloomberg News. Drivers of the most polluting diesel vehicles will pay a charge to enter central London starting Monday in the latest attempt by the city’s mayor to crack down on air pollution. The 10-pound ($13) T-Charge targets older, more polluting vehicles that are […]

October 23 2017

Auto Suppliers Jump on Report Tesla to Fully Own China Plant

This article first appeared in Bloomberg News. Auto-parts suppliers shares jumped in Asian trading after Wall Street Journal reported that Tesla Inc. reached an agreement with Shanghai’s government to build a fully owned manufacturing facility in the city’s free trade zone. “As far as I know, there is no such agreement,” Guo Lei, an official at […]

October 20 2017

Saudi Companies Turn to Solar to Blunt Rising Power Price Risk

Written by Anna Hirtenstein. This article first appeared in Bloomberg Markets.  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 […]

October 20 2017

SunPower Obtains $53 Million Financing for Residential Solar

Written by Brian Eckhouse. This article first appeared on Bloomberg Markets.  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 […]

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 […]