Results for: solar

October 25 2017

GIP to Buy Equis Energy in Record $5 Billion Renewable Deal

Written by Ben Sharples and Chisaki Watanabe. This article first appeared in Bloomberg Technology.  Investment fund Global Infrastructure Partners agreed to buy Equis Energy, a Singapore-based developer of renewable-power projects, for $5 billion including debt, a record for the industry. The deal includes $1.3 billion of liabilities and is expected to close in the first quarter, […]

October 24 2017

Big Oil Is Investing Billions to Gain a Foothold in Clean Energy

Written by Anna Hirtenstein. This article first appeared in Bloomberg Markets.  The world’s biggest oil companies are closing more clean energy deals as pressure to diversify their businesses mounts and growth accelerates among green technologies. Oil majors more than doubled the number of acquisitions, project investments and venture capital stakes, to 44 in 2016 from […]

October 23 2017

State Bank Eyes Tiger’s Share of India Rooftop PV Boom: Q&A

By Vandana Gombar, Bloomberg New Energy Finance editor. This article first appeared on the Bloomberg Terminal, and is available to clients on the web and on the Bloomberg Terminal. State Bank of India, the country’s largest lender, seeks a dominant financing position in every sector, including renewable energy. It has now set its sights on the emerging rooftop […]

October 23 2017

Puerto Rico Lays Out Energy Future With Tesla, Privatization

Written by Jonathan Levin. This article first appeared in Bloomberg Markets. A Puerto Rican official who has been in talks with Tesla Inc. said the island is serious about transforming its energy infrastructure after it was leveled by Category 4 Hurricane Maria, despite questions about how such an overhaul would be funded. Speaking in a […]

October 23 2017

How Asia’s Oil Hub Is Going Green

Written by Dan Murtaugh. This article first appeared in Bloomberg Markets. Singapore plans to develop solar power and energy-storage technologies as the oil-trading hub of Asia pushes to generate more of its power from renewable sources. The city-state is testing floating power projects in its reservoirs, a technology that could help solar meet as much […]

October 20 2017

Saudi Companies Turn to Solar to Blunt Rising Power Price Risk

Written by Anna Hirtenstein. This article first appeared in Bloomberg Markets.  Saudi companies are looking to solar electricity to hedge the risk of rising power prices if energy subsidies are cut, according to one of the Kingdom’s biggest plant developers. “Everybody is very convinced that electricity prices are going to be reformed over the next […]

October 20 2017

SunPower Obtains $53 Million Financing for Residential Solar

Written by Brian Eckhouse. This article first appeared on Bloomberg Markets.  SunPower Corp., the second-largest U.S. panel manufacturer, arranged more than $53 million in financing for residential-solar installations. The deal supports installations in eight U.S. states, Natalie Wymer, a spokesman for San Jose, California-based SunPower, said in an email Friday. Consumer demand “continues to grow […]

October 20 2017

Bullard: Utilities Accept the New, But Will They Embrace It?

This article first appeared on Bloomberg View and the Bloomberg Terminal. By Nathaniel Bullard Texas power generator Luminant announced that it will close two coal-fired power plants in early 2018. The week before, it said it would close another coal plant that is more than 40 years old — an announcement that came days before the clearly telegraphed effort to roll back […]

October 20 2017

Renewable Energy Threatens the World’s Biggest Science Project

Written by Anna Hirtenstein. This article first appeared in Bloomberg Technology.  The world’s biggest scientific experiment is on course to become the most expensive source of surplus power. Components of the 20 billion-euro ($24 billion) project are already starting to pile up at a construction site in the south of France, where about 800 scientists […]

October 20 2017

Singapore’s Sovereign Wealth Fund Teams Up With Goldman on Japan Clean Energy

Written by Chisaki Watanabe. This article first appeared in Bloomberg Markets.  Singapore’s sovereign wealth fund is teaming up with a company created by Goldman Sachs Group Inc. to make its first-ever investments in renewable-energy projects in Japan. The fund, GIC Pte, will become a corporate partner in GS Renewable Holdings GK, the parent of Japan Renewable […]