Category: News

August 21 2017

Saudis Will Let Households Produce Solar Energy and Sell to Grid

By Wael Mahdi Saudi Arabia will allow households to produce solar energy and sell any surplus electricity back to the power grid starting July 1. Consumers can install a photovoltaic solar system with capacity limited to no more than 2 megawatts and not less than 1 kilowatt, according to rules listed in the official government […]

August 21 2017

Argentina Eyes Slower Renewable Growth as Infrastructure Lags

By Vanessa Dezem and Jonathan Gilbert Argentina’s next renewable power auction will be half the size of last year’s because of an infrastructure bottleneck slowing down the the ability to add capacity. Juan Jose Aranguren. Photographer: Sarah Pabst/Bloomberg The government will auction 1.2 gigawatts of renewable power, led by wind and solar projects, and doesn’t need […]

August 21 2017

Goldman Sachs Seeks Stars to Revive Commodities Unit

By Dakin Campbell, Jack Farchy and Javier Blas Bloomberg’s Stuart Wallace discusses plans for the commodities unit at Goldman Sachs. He speaks with Alix Steel on ‘Bloomberg Daybreak: Americas.’ (Source: Bloomberg) Goldman Sachs Group Inc., seeking a rebound in its commodities business after a bout of losing trades dented earnings, has a plan built around […]

August 21 2017

Historic Eclipse Will Test America’s Grid as Solar Waxes, Wanes

By Mark Chediak and Naureen S. Malik In a few hours, the first total eclipse of its kind in 99 years will plunge broad swaths of the U.S. into darkness, sending solar supplies sliding and testing the resilience of the power grid for the first time since the rapid rise of renewable energy. Grid operators, […]

August 21 2017

The Plan to Turn Africa’s Mobile Phone Towers Green

By Anna Hirtenstein GreenWish Partners, a renewable energy company run by a former Morgan Stanley executive, is planning to invest $800 million on solar-powered telephone towers across Africa. The project could fuel economic growth by providing power for essential services. Sub-Saharan Africa has the lowest rates of energy access in the world and is home […]

August 21 2017

Sempra Bests Berkshire With $9.45 Billion Offer for Oncor

By Ryan Collins, Scott Deveau and Matthew Monks U.S. utility owner Sempra Energy has agreed to buy control of Texas power distributor Oncor Electric Delivery Co. for $9.45 billion, topping a bid by Warren Buffett’s Berkshire Hathaway Inc. just last month. Sempra’s deal for Energy Future Holdings Corp., which owns 80 percent of Oncor, is valued […]

August 21 2017

Sempra Is Said to Be Near Deal to Acquire Oncor Electric

By Scott Deveau, Matthew Monks and Ryan Collins Sempra Energy is nearing an agreement to buy Oncor Electric Delivery Co. for about $9.45 billion, according to a person familiar with the matter, putting it in line to scoop up the Texas utility also being pursued by Berkshire Hathaway Inc. and Paul Singer’s Elliott Management Corp. The […]

August 18 2017

Energy Capital, Investors to Buy Calpine for $5.6 Billion

By Lynn Doan Private equity firm Energy Capital Partners and a consortium of investors has struck a deal to buy U.S. power generator Calpine Corp. for $5.6 billion in cash. Calpine investors will get $15.25 a share as part of the deal, the Houston-based company said in a statement. The investor group was led by […]

August 18 2017

What Comes of Solar Power When the Sun’s Eclipsed

By Naureen S. Malik and Mark Chediak The last time a total eclipse cast a shadow across the entirety of the U.S., from West Coast to East, was 99 years ago. Back then, the modern power grid was just getting started, and harnessing the sun’s energy on a widespread scale was little more than a notion […]

August 18 2017

Blackstone Doubles Down on Shale Boom Lasting With Harvest Deal

By Melissa Mittelman and Tim Loh Blackstone Group LP’s reach for $10 billion in energy assets is the firm’s latest bet that the U.S. shale boom is just hitting its stride. The world’s largest alternative-asset manager agreed to buy Harvest Fund Advisors for an undisclosed amount, adding the firm’s 18-member team led by Eric Conklin to […]