Category: News

August 16 2017

Fiat Chrysler Partners With BMW, Intel on Self-Driving Autos

By Jamie Butters Fiat Chrysler Automobiles NV will join BMW AG and Intel Corp. in developing a platform for self-driving vehicles, giving the Italian-American automaker new technology partners and adding heft to their existing coalition. FCA, which supplies plug-in hybrid Chrysler Pacifica minivans to Alphabet Inc.’s Waymo driverless-car unit, announced Wednesday it had signed a […]

August 16 2017

Vestas Wins Order to Supply Mexico’s Biggest Wind Energy Project

By Anna Hirtenstein Vestas Wind Systems A/S won an order for 424 megawatts of turbines from Zumia Energia for Mexico’s largest wind project. The Reynosa wind park will be Tamaulipas, northeastern Mexico, according to an emailed statement. Each turbine will have a capacity of 3.45 megawatts. The order includes a 15-year service contract with turbine […]

August 16 2017

Tesla Skipping Green Bond Label Keeps Fledgling Market Limited

By Emily Chasan Investors are hungrier than ever for green bonds, yet companies known for their sustainable prowess — including Tesla Inc. — are choosing to sit out, raising questions about just how valuable the label is. U.S. non-financial companies have been among the slowest to embrace green bonds — debt that’s designated to only finance […]

August 16 2017

Nigeria Seeks to Diversify From Oil With $41 Billion of Rail

Nigeria has started a $41 billion railway expansion to reduce dependence on oil and diversify its struggling economy by improving transport links to allow the movement of goods around the country and to ports. “The plan we have now will go to every nook and corner,” Transport Minister Rotimi Amaechi, 52, said in an interview in […]

August 16 2017

OPEC’s Oil-Glut Fight Could Last Years

By Grant Smith When OPEC and Russia first embarked on their strategy to clear a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years. The Organization of Petroleum Exporting Countries and its partners plan to wrap up their production cuts next spring, already […]

August 16 2017

The Energy Market’s Facts Of Life

By Liam Denning Realists will tell you that what counts are facts on the ground. But sometimes half-formed facts on the ground can be just as important. A clutch of these have materialized in the U.S. power sector of late. Southern Co. several weeks ago suspended work on what was supposed to be a pioneering plant […]

August 16 2017

German Onshore Wind Power Costs Plummet in Second Auction

By Brian Parkin The cost electricity from the next bunch of onshore wind farms in Germany fell by a quarter in a government auction for power purchase contracts run by the regulator Bnetza. Bidders dominated by citizen groups won about 1 gigawatt of capacity at an average price of 4.28 euro cents per kilowatt-hour (5.03 […]

August 16 2017

Aviva, China Resources Mull Bids for U.K. Wind Farms

By Vinicy Chan and Anna Hirtenstein Aviva Plc and China Resources Power Holdings Co. are among companies considering bids for Statkraft AS’s stakes in its offshore U.K. wind farms, people familiar with the matter said, amid a surge in interest for Europe’s green energy assets. Macquarie Group Ltd. and Copenhagen Infrastructure Partners K/S are also […]

August 15 2017

U.K. Is Said to Finish $3 Billion Green Bank Sale This Week

By Jess Shankleman anad Alex Morales The U.K. government is preparing to complete the 2.3 billion-pound ($3 billion) sale of its Green Investment Bank to a group led by Macquarie Group Ltd. as soon as this week, according to people familiar with the matter. The deal will be finalized on Friday, according to two people […]

August 15 2017

Big Oil Follows Silicon Valley Into Backing Green Energy Firms

By Anna Hirtenstein Major oil companies are joining Silicon Valley in backing energy-technology start-ups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy. From Royal Dutch Shell Plc to Total SA and Exxon Mobil Corp., the biggest investor-owned oil companies are dribbling money into ventures […]