Category: News

September 12 2017

Goldman Sachs to Buy $300 Million of Mosaic Rooftop Solar Loans

By Chris Martin A unit of Goldman Sachs Group Inc. agreed to buy $300 million of rooftop solar loans that Solar Mosaic Inc. originated to homeowners. The Goldman Sachs purchase increases the amount of funds that Mosaic can invest in future home solar installations to $800 million, the Oakland, California-based solar financing company said in […]

September 11 2017

Tesla Targets City Centers for Supercharger Network Expansion

Tesla Inc. is trying to make it easier for city dwellers without plugs at home or at work to own its electric cars, targeting city centers with the expansion of its supercharger network. The first of Tesla’s new urban stations to open for charging Monday will be a 10-stall location in Chicago and an eight-stall […]

September 11 2017

China Set to Unveil Cap-And-Trade Auto Emission, Mileage Rules

China will soon unveil a mandatory cap-and-trade credit program for electric cars, starting the countdown for carmakers to be in compliance with stricter rules on emissions and fuel economy, according to the country’s state-backed auto association. The policy may be announced as early as this week, Shi Jianhua, deputy secretary general of the China Association […]

September 11 2017

Wales Is Set to Become the Green Power Capital of Britain

Tidal Lagoon Power secured a 3.24-gigawatt connection to the grid, potentially turning electricity generated from the sea into the U.K.’s biggest source of renewable energy once operational. The tidal power plant in Cardiff expects to receive development consent by 2019, according to a company email on Monday. The developer is also awaiting permission to build […]

September 11 2017

The Smell of Diesel Will Linger in Frankfurt This Week

Volkswagen AG, Mercedes-Benz and BMW AG will unveil a raft of sleek electric-car concepts at the Frankfurt International Auto Show this week, revving up the hype machine to cover up the air of desperation gripping the German auto industry. The world’s preeminent automakers are scrambling to recover, two years after Volkswagen’s diesel-emissions cheating blindsided the […]

September 11 2017

Iran Atomic Inspections Double With Deal Questioned by Trump

Iran has received nearly two snap nuclear inspections a month and almost double the overall number of visits it had just five years ago, indicating the value of the deal the U.S. and its allies reached in 2015 to rein in the country’s nuclear program. International Atomic Energy Agency monitors conducted 402 site visits and […]

September 11 2017

Offshore Wind Costs Fall Below New Nuclear Plants in U.K.

The cost of generating electricity from offshore wind farms fell sharply in the U.K. to below the price the next nuclear reactors will charge, making the form of clean energy one of the cheapest ways to supply the grid. In a government auction that handed out power-purchase contracts worth 176 million pounds ($232 million) a […]

September 11 2017

India’s Traffic Is So Bad It’s Changing the Cars People Buy

India’s snarling traffic jams can leave cars crawling at under 5 kilometers an hour — making it almost faster to walk than drive. Now, ever lengthening commutes are pushing the country’s famously price-conscious consumers to upgrade to cars that are easier to drive. Most notably, more are buying pricier models that sport automatic gears and […]

September 11 2017

China’s Fossil-Fuel Phase-Out Fails to Alarm Big Oil Investors

In the first day of trading after China said it’s working on a deadline to end sales of fossil-fuel-powered vehicles, shares are holding ground in the oil companies that stand to lose out. The listed units of China’s big three oil companies — PetroChina Co., Cnooc Ltd and China Petroleum & Chemical Corp. — all […]

September 11 2017

China Fossil Fuel Deadline Shifts Focus to Electric Car Race

China will set a deadline for automakers to end sales of fossil-fuel-powered vehicles, becoming the biggest market to do so in a move that will accelerate the push into the electric car market led by companies including BYD Co. and BAIC Motor Corp. Xin Guobin, the vice minister of industry and information technology, said the […]