Category: News

August 23 2017

Energy Transfer Suit Claims Greenpeace Incites Eco-Terrorism

Energy Transfer Partners LP accused Greenpeace International, Earth First! and other groups of inciting terrorist acts and vandalism to generate publicity and raise money for their causes while hampering the Dakota Access pipeline operator’s ability to raise money for projects. Energy Transfer is the second company to attack Greenpeace and its allies in court for […]

August 23 2017

Sungevity Brand Returns Via Solar Spectrum-Horizon Merger

Solar Spectrum, a clean-energy company backed by private equity firm Northern Pacific Group, bought residential system provider Horizon Solar Power. They will sit together under the Sungevity brand, the Oakland, California-based solar company that filed for bankruptcy in March. Terms weren’t disclosed in a statement Tuesday. Solar Spectrum in April bought assets from Sungevity. The merger […]

August 22 2017

Dong Energy’s Zero-Subsidy Offshore Wind Farms Are Ripe for ‘Farm-Downs’

By Bryony Collins, Bloomberg New Energy Finance editor. This article first appeared in BNEF’s ‘New Energy Deals’ publication, available to clients on the web and on the Bloomberg Terminal.  Dong Energy said it is confident that financial investors will be prepared to buy equity stakes in the 480MW of German offshore wind farms, which the company won the rights […]

August 22 2017

Ivory Coast in Talks With China’s Sinohydro for More Dams

China’s Sinohydro Corp. may build three additional hydroelectric plants in Ivory Coast after completing what will be the nation’s biggest dam by October, according to a government official. The combined capacity of the three plants may be as much as 500 megawatts, adding to the 275 megawatts that will be supplied by the Soubre dam […]

August 22 2017

California’s Auto Crackdown Reinforced by Road Emissions Uptick

California’s advocates for fuel economy standards and zero-emission vehicle mandates should toughen their rules, according to a non-profit that said road emissions have undercut the state’s efforts to reduce pollution. Emissions from on-road transportation rose by the equivalent of 4.4 million metric tons of carbon dioxide in 2015 from a year earlier, the San Francisco-based non-profit […]

August 22 2017

BHP Delays Saskatchewan Mine After Activist Push

Start your day with what's moving markets in Asia. Sign up here to receive our newsletter. BHP Billiton Ltd. is in talks with potential buyers of its U.S. shale assets, acquired in a contentious $20 billion deals spree in 2011, and will delay a move into potash after months of public skirmishes with activist investors led […]

August 22 2017

Ambani’s Reliance Is Said to Mull India Power Storage With BP

Start your day with what's moving markets in Asia. Sign up here to receive our newsletter. Reliance Industries Ltd., owned by India’s richest man Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan. The […]

August 22 2017

Ford Offers U.K. Drivers Cash to Scrap Dirty Diesel Engines

Ford Motor Co. became the latest automaker to offer cash to U.K. drivers if they scrap the most polluting vehicles on the roads, targeting about 15 million cars and vans across the country. From Sept. 1 to Dec. 31, Ford will offer to pay drivers as much as 4,000 pounds ($5,200) for cars and 7,000 […]

August 22 2017

It’s Hard to Keep Up With All That Lithium Demand

Hidden within the salt flats high in the Andes mountains of South America are vast deposits of the lithium that Elon Musk may need for his electric-car revolution. But extracting the mineral from brine ponds created by Orocobre Ltd. has proved more difficult than expected. Bad weather and pump glitches meant production at the Olaroz […]

August 21 2017

Total Snubs ‘Expensive’ U.S. Shale With North Sea-Focused Deal

By Angelina Rascouet When Total SA warned last month it was ready for acquisitions, U.S. shale assets weren’t at the top of its shopping list. On Monday, the French energy giant agreed to buy the oil and gas unit of A.P. Moller-Maersk A/S, its biggest purchase since 1999. The $7.45 billion deal, including debt, reinforces Total’s […]