Category: News

July 5 2017

Northland Power Scraps Sale Without Finding Buyer

Northland Power Inc., the C$4 billion ($3.1 billion) Canadian renewable energy producer, failed to find a buyer after running a sale process, according to people with knowledge of the matter. Shares in Toronto-listed Northland fell as much as 3.9 percent to C$22.10 Wednesday morning and traded at C$22.84 at 9:51 a.m. China Three Gorges Corp. and Beijing-based […]

July 5 2017

G-20’s Financing of Fossil Fuels Outweighs Renewables, Study Says

Fossil fuels received four times more than clean energy in public financing from Group of 20 member countries, according to a report by environmental groups that urged more financing be directed to renewables to address climate change. Financing for oil, gas and coal projects from G20 public finance institutions and multilateral development banks averaged $71.8 […]

July 5 2017

BlackRock Busts $1 Billion Green Power Goal With Second Fund

BlackRock Inc. exceeded a $1 billion fundraising target for wind and solar investments for its latest global clean energy fund, underscoring investor interest in renewable energy amid policy uncertainty in key markets. The second Global Renewable Power Fund, or GRP II, managed by BlackRock’s Real Assets closed after it raised $1.6 billion from 67 pension […]

July 5 2017

Volvo Vaults to Volts, Planning to Pull Plug on Gasoline Engines

As it turns out, news of the death of the internal combustion engine may not be very exaggerated after all. On Wednesday, Volvo Car Group said it expects to soon start phasing out vehicles powered solely by fossil fuels, joining a parade of manufacturers in shifting toward electrics more quickly than most in the industry […]

July 5 2017

Costliest Gas in World Clouds China’s Campaign for Bluer Skies

China has promised to make its skies blue again, but having some of the world’s most-expensive natural gas isn’t helping. The biggest energy consumer on earth wants to use more of the cleaner-burning fuel in place of the coal that’s choking its skies and causing pollution far exceeding the World Health Organization’s daily recommended limit. […]

July 4 2017

Qatar Seeks to Retain Its LNG Crown Despite Saudi-Led Boycott

Qatar just undermined Australia’s efforts to overtake it as the world’s biggest producer of liquefied natural gas. While the Gulf sheikhdom may soon slip to second place behind Australia as top supplier of the fuel, it’s poised to retain the number one spot within the next seven years after Qatar Petroleum said it will raise […]

July 4 2017

EON’s Old Nuclear Money Spinners Are Now Just a Big Hassle

An EON SE nuclear plant that made billions for the German utility is now losing money. Essen-based EON is battling repeated delays to production at its Brokdorf reactor that has cost the company more than 100 million euros ($114 million) since halting in February, the utility said by email. The unit is now scheduled to […]

July 4 2017

Tesla Quarterly Sales Fall as Battery Supply Crimps Output

Tesla Inc. delivered just enough vehicles in the second quarter to meet its first-half sales guidance, with production slowed by a temporary shortage of battery packs. The maker of electric cars and energy-storage devices shipped more than 22,000 cars and SUVs in the period, compared to a record 25,051 vehicles in the first quarter, according to […]

July 3 2017

German Green Power Consumption Up 7% in 2017

Green power consumption in Germany climbed 7 percent in the first half of 2017, accounting for more than a third of demand, after more onshore wind capacity was added to the grid, according to the BEE Renewable Energy Federation. Wind, solar and biomass power consumption as a percentage of all energy demand rose to 35.1 […]

July 3 2017

EDF Says U.K. Nuclear-Project Cost May Top 20 Billion Pounds

Electricite de France SA said the final bill for building two new reactors in the U.K. could rise to more than 20 billion pounds ($26 billion), reflecting changes to supplier contracts and plant design, and potential construction delays. The estimated completion cost for the Hinkley Point C reactors in southwest England is now 19.6 billion pounds, […]