Category: News

July 19 2017

Brookfield’s Transelec Stake Is Said to Attract Chinese Bidders

State Grid Corp. of China and China Southern Power Grid Co. are among early bidders for a stake in Chilean utility Transelec SA that could fetch about $1 billion, according to people familiar with the matter. The Chinese state-owned firms are bidding for a 27.7 percent holding in the company being sold by Brookfield Asset Management […]

July 19 2017

A Canadian Province Has a Surprising Message for California

California Governor Jerry Brown just won a big victory in his efforts to fight climate change, but Canada’s Ontario province says its been pushing him to go further. As the two sides hammer out details of a long-planned merger of their carbon markets, Ontario minister for environment Glen Murray says there are holes in the Golden State’s system that […]

July 19 2017

India’s Blue Sky Pledge Gives Power to Country’s Green Bonds

Green bonds issued by Indian companies are gathering pace as the country’s ambitious target for renewable energy fuels interest from investors. Renewable energy developer Greenko Energy Holdings raised $1 billion earlier this week, making it the largest corporate green bond issuer in Asia, Bloomberg data shows. It beat MTR Corp.’s $600 million issue in November. Green bonds from […]

July 19 2017

NRG Sees Buyers Circling for Renewables Unit Amid Cost-Cut Plans

NRG Energy Inc. says buyers are hungry for the company’s renewable-energy business as the power generator looks to cut debt and sell assets under pressure from billionaire investor Paul Singer. Almost a week after the largest U.S. independent power producer disclosed that it’s looking to slim down, the company is seeing “robust engagement from a […]

July 18 2017

Clean Energy Is Trouncing Oil, Gas and Coal in Trump Era

President Donald Trump took office vowing to revive the coal industry’s fortunes. So far, the smart money has been on clean energy. An index of 40 publicly-traded solar companies, wind-turbine component makers and others that benefit from reduced fossil fuel consumption is up 20 percent this year. That’s more than double the S&P 500’s 9.8 […]

July 18 2017

What If Big Oil’s Bet on Gas Is Wrong?

Talk to a Big Oil executive these days, and the chances are they’ll steer the conversation toward gas. “In 20 years, we will not be known as oil and gas companies, but as gas and oil companies,” Patrick Pouyanne, chief executive officer of French giant Total SA, told a conference in St. Petersburg last month. […]

July 18 2017

Cheap Solar Supplying Power at Night Coming Soon to Middle East

Solar plants that supply electricity at competitive prices after the sun goes down are about to become a reality in the Middle East, according to one of the region’s biggest developers of power plants. ACWA Power International Chief Executive Officer Paddy Padmanathan confirmed his company is the low bidder on a $1 billion project that will feed […]

July 18 2017

Three Gorges Emerges as Lead Bidder for $1 Billion Hydro Plant

China Three Gorges Corp., a state-owned electricity producer, has emerged as the leading bidder for Odebrecht SA’s Chaglla hydropower plant in Peru, according to people with knowledge of the matter. Odebrecht aims to reach a deal with the Beijing-based company in the next few weeks on the sale of the 456-megawatt power plant, the people […]

July 18 2017

Lucid Motors Is Mulling Sale After Takeover Talks With Ford

Electric carmaker Lucid Motors Inc. is raising a new round of financing and is also considering an outright sale after holding early-stage takeover talks with Ford Motor Co., according to people familiar with the situation. The Menlo Park, California-based firm has hired Morgan Stanley to help raise more money to pay for further development of […]

July 17 2017

Tokyo Seeks Return to Glory Days With Piece of Saudi Aramco IPO

When members of Saudi Arabia’s royal family visited Japan last September and again in March, the Asian country made sure at least one message got through: Please list Saudi Aramco in Tokyo. In September, Prime Minister Shinzo Abe delivered the message himself to then Deputy Crown Prince Mohammed bin Salman, while Japan Exchange Group’s chief executive, […]