Results for: solar

December 22 2017

Why the Prospect of ‘Peak Oil’ Is Hotly Debated

The world is turning its back on oil. But how quickly? Technological advances driven by the threat of climate change could mean the world’s thirst for petroleum tops out sooner than companies such as Exxon Mobil Corp. or giant producers like Saudi Arabia are banking on. “Peak oil” has been debated for decades, but today […]

December 21 2017

Wave of Energy Auctions to Trigger $8.2 Billion in Brazil Spending

Brazil is expecting to see about 27 billion reais ($8.2 billion) invested into the country’s energy infrastructure over the next six years, the result of an end-of-year flurry of auctions aimed at boosting its electricity capacity. Energy companies won contracts to build about 5,000 kilometers (3,100 miles) of new power lines and more than 4.5 […]

December 19 2017

Long-Term Clean Energy Optimism, Short-Term Caution

By Michael Liebreich, Chairman of the Advisory Board  and Angus McCrone, Chief Editor Bloomberg New Energy Finance At the beginning of 2017, we drew an analogy between the clean energy sector and the great explorers of the 15th and 16th centuries, embarking on epic journeys, driven by the scale the opportunities they knew awaited them, but […]

December 15 2017

Tax Tool Crucial to Wind, Solar Seen Spared in Reform Deal

A $12 billion tax-equity tool that U.S. wind and solar developers depend on to finance projects appears likely to remain largely intact as part of the sweeping reform that Republicans were negotiating Thursday. A tentative compromise would preserve most, but likely not all, of the value of renewable energy tax credits that developers sell to […]

December 15 2017

Oil Giant Nigeria to Sell First African Sovereign Green Bond

Nigeria, Africa’s biggest oil producer, is set to become the first country on the continent to issue a security that raises funds for environmental projects when it launches its green bond on December 18. The government plans to sell 10.7 billion naira ($30 million) and the offer is billed to close on Dec. 20, said […]

December 15 2017

Bitcoin Points Way to ‘Massive Change’ for Commodity Businesses

Blockchain is upending the world’s financial markets with the rise of bitcoin, and now the digital-ledger system is poised to do the same next year for raw materials like food and energy. Companies including BP Plc, ABN Amro Group NV and Mercuria Energy Group Ltd. said last month they will adapt blockchain to streamline physical energy […]

December 13 2017

Macron’s Climate Summit Draws Pledges to Make Coal a Risky Bet

Some of the world’s biggest investors turned their backs on U.S. President Donald Trump’s plan to revive the coal industry, pledging to divest from fossil fuels at a conference organized by French President Emmanuel Macron. The One Planet Summit in Paris was designed to galvanize support for the two-year old Paris Agreement that’s struggling to […]

December 6 2017

The Latest Bull Case for Electric Cars: The Cheapest Batteries Ever

The kind of battery that powers electric vehicles is now the cheapest it’s ever been thanks to a global ramp-up in production. Lithium-ion battery packs are selling at an average price of $209 a kilowatt-hour, down 24 percent from a year ago and about a fifth of what it was in 2010, a Bloomberg New Energy Finance […]

December 5 2017

First Solar Bets Its Future on a New Panel

First Solar Inc. is poised to take the wraps off the Series 6 panel Tuesday, a long-awaited product rollout that has huge implications for the biggest U.S. solar manufacturer. It’s not a stretch to say that Tempe, Arizona-based First Solar has bet its future on the success of this product. As solar panels get cheaper and […]

December 4 2017

A $12 Billion Clean-Energy Tool That U.S. Tax Reform Could Kill

The tax-reform proposal moving through the U.S. Senate would hobble — and potentially cripple — the supply of tax-equity investment, an esoteric but critical source of clean-energy finance. About half the companies that invest in tax equity for solar farms, and a majority of wind investors, may find the new tax policies make these deals irrelevant, according […]