Category: News

July 25 2017

Traders Think Hedge Funds Are Missing a Trick With Oil

Hedge funds are still holding large bearish bets against oil and OPEC, yet out in the real world traders and refiners buying and selling actual barrels say it’s starting to look somewhat more bullish. “The market is looking a bit better,” Ian Taylor, chief executive officer of Vitol Group, the world’s largest oil trader, said […]

July 25 2017

Shale Boom May Finally Have Succumbed to Oil’s Price Slump

Oil’s bear market may finally be taking its toll on the shale boom. Hours after Halliburton Co. warned Monday that explorers are “tapping the brakes” on drilling, Anadarko Petroleum Corp. said it’s trimming spending in the first earnings report this quarter from a major shale producer. That could make this week a turning point for […]

July 25 2017

Indian Renewable Borrowers Face Stretched Leverage Ratios: Chart

  Debts at India’s renewable energy firms are on the rise, with most of them having leverage ratios that are higher than the average for high-yield bond issuers from the South Asian country. The weak credit quality of these companies poses a challenge for green projects, Moody’s Investors Service said last month. The stretched ratios come […]

July 24 2017

Microsoft Uses AI to Grow Its Smart Grid, EV Charging Business

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.  Microsoft Corp. is building a business in the power and natural resources sectors, where its machine learning and artificial intelligence expertise may help give some companies an edge. […]

July 24 2017

Spanish Billionaire Jove Is Said to Weigh Sale of Energy Assets

Inveravante, the investment firm owned by Spanish billionaire Manuel Jove, is considering a sale of its Avantegenera renewable-energy unit amid consolidation in the industry, according to people familiar with the matter. Inveravante’s clean-energy assets, which include wind, hydraulic and solar power plants in countries such as Spain and Brazil, could fetch 500 million euros ($583 […]

July 24 2017

I Squared Joins Bidding for $4 Billion Equis Portfolio

I Squared Capital, the infrastructure investment firm, is among suitors preparing bids for Equis Energy’s renewable power business, people with knowledge of the matter said. Orix Corp. is also planning to make an indicative offer by this week’s deadline for the portfolio of Asia Pacific assets, according to the people, who asked not to be identified as the […]

July 24 2017

Toyota’s Hydrogen Holdup Means New Englanders Miss Out on Mirai

Toyota Motor Corp., off to a slow start selling its car of the future on one U.S. coast, is struggling even to get started on the other. Hangups getting enough hydrogen fueling stations opened in California have undercut early sales of Toyota’s fuel cell vehicle called Mirai, the Japanese word for “future.” But states on […]

July 24 2017

India Initiates Dumping Probe Into Chinese Solar Imports

India opened a probe into whether Chinese solar-equipment makers are hurting its domestic industry by dumping inventories and driving down prices to unfair levels. “A causal link between the said dumping and injury exists to justify an initiation of an anti-dumping investigation,” according to a notification published on the website of the Directorate General of […]

July 24 2017

U.K. Opens Power Grid to Batteries in Step to Save $52 Billion

The U.K. government set out plans to help energy consumers and industry save as much as 40 billion pounds ($52 billion) on their bills by opening the electricity grid to battery storage devices and spurring low-pollution power plants. The Department for Business, Energy and Industrial Strategy outlined plans to invest 246 million pounds in battery […]

July 24 2017

VW, Daimler Workers Step Up Pressure to Come Clean on Collusion

Germany’s carmakers are coming under pressure from their employees to come clean on allegations that they colluded on technology for decades, as investors continued to sell the stocks on concern the industry faces another major scandal following the diesel emissions crisis. Prodded by labor leaders, Volkswagen AG Chairman Hans Dieter Poetsch is convening a special supervisory […]