Category: News

August 15 2017

Kuwait Plans Tender for $1.2 Billion Solar Project in 2018

By Fiona MacDonald Kuwait will issue a tender to build the estimated $1.2 billion Dibdibah solar-power plant in the first quarter of 2018 as part of the country’s plans to produce 15 percent of power from renewable energy by 2030. OPEC’s fifth-biggest oil producer set a Sept. 7 deadline for companies to express interest in […]

August 15 2017

First Solar to Profit If Trump Slaps Tariffs on Panel Imports

By Chris Martin First Solar Inc. is standing on the sidelines of a trade dispute that could give its products a significant leg up. The U.S. International Trade Commission has scheduled a hearing Tuesday on a request by Suniva Inc. for the U.S. to impose tariffs on imported solar panels. The petition alleges China, which accounts […]

August 15 2017

How Elon Musk and Cheap Oil Doomed Push for Natural Gas Cars

By Patrick Martin The idea was nothing short of revolutionary: convert the nation’s millions of trucks, buses and other commercial vehicles to run on natural gas instead of gasoline and diesel. Back in 2008, the proposal by energy magnate T. Boone Pickens had some appeal. U.S. oil production was plunging, and the world’s biggest fuel-consuming […]

August 14 2017

Fast, Dirty Natural Gas Plants Get Boost From Electric Cars

By Kelly Gilblom, Weixin Zha, and Mathew Carr Britain’s goodbye to fossil-fuel cars by 2040 could boost the need for dirtier natural gas-powered stations. The government’s goal to replace gasoline and diesel cars with those powered by electricity could see the construction of so-called open-cycle gas stations, said Carsten Poppinga, senior vice president of trading […]

August 14 2017

NorthVolt Starts Biggest Fundraising for $4 Billion Battery Plan

By Anna Hirtenstein and Giles Turner NorthVolt AB, the Swedish battery factory developer founded by a former Tesla Inc. executive, is planning to close its first major fundraising round this autumn, potentially drawing in 100 million euros ($118 million). It’s a “partnership round” where the company is tapping its potential customers, such as carmakers, energy […]

August 12 2017

Suzlon Profit Hit by Shift in India’s Support System for Wind

By Anindya Upadhyay Suzlon Energy Ltd. reported its lowest quarterly profit in a year as India’s support for auction mechanism to build wind energy projects slowed orders. The profit of 490.8 million rupees ($7.65 million) during the usually quiet fiscal first quarter compared with a loss of 2.6 billion rupees in the year-ago period, according […]

August 12 2017

Equis Is Said to Seek Binding Bids for $4 Billion Power Assets

By Vinicy Chan, Elffie Chew and Takako Taniguchi Equis Energy, the Singapore-based developer of power projects, has asked for binding bids for its $4 billion renewable energy business by late September, people with knowledge of the matter said. A consortium led by I Squared Capital is among suitors chosen to proceed in the bidding for the portfolio […]

August 11 2017

Brazil Bets on Power Demand Recovery in 2018 as Economy Improves

By Vanessa Dezem and Mario Sergio Lima Brazil anticipates power demand will stage a comeback next year in tandem with improving economic fortunes. After pulling the plug on the only power auction geared at wind and solar power for 2016, the country’s energy ministry is making plans to hold two sales in December and a […]

August 11 2017

IEA Cuts Estimates for Crude Needed From OPEC in 2017, 2018

By Grant Smith The International Energy Agency cut estimates for the amount of crude needed from OPEC this year and in 2018 after lowering its historical assessments of consumption in some emerging nations. World oil markets are re-balancing as the Organization of Petroleum Exporting Countries and its allies implement production cuts, the IEA said in its […]

August 11 2017

London Solar Auctions Aim to Make City Greenest on Earth

By Jess Shankleman London Mayor Sadiq Khan said he wanted to try city-wide auctions as part of an environment strategy proposed to more than double the capital’s solar energy generation capacity by 2030. The reverse auctions would be similar to the Solarize NYC model already used in New York, where multiple buyers pool together and […]