Results for: solar

October 19 2017

Amazon Battles Google for Renewable Energy Crown

Written by Brian Eckhouse. This article first appeared in Bloomberg Technology.     Even in the age of coal enthusiast President Donald Trump, clean-energy developers are finding plenty of interest in wind and solar power from businesses with sustainability targets, especially technology companies. That was on display in a video tweeted Thursday by Amazon.com Inc. […]

October 19 2017

Engie Agrees to Buy Solar-Power Firm Fenix to Expand in Africa

Written by Loni Prinsloo. This article first appeared in Bloomberg Technology.  Engie SA agreed to buy U.S. energy-technology start-up Fenix International to help fund the roll out of solar-power systems for Africans with no access to the electricity grid. The French utility will provide capital and help raise debt to expand the electricity service into […]

October 19 2017

Tesla and Vestas Partner in $160 Million Australian Project

Written by Jess Shankleman. This article first appeared in Bloomberg Markets. A novel $160 million renewable energy project combining wind, solar and storage technologies reached financial close. Tesla Inc. will supply batteries and Vestas Wind Systems A/S will supply turbines for the first phase of the Kennedy Energy Park, according to a Thursday statement on the […]

October 19 2017

Caisse to Reduce High-Carbon Investments, Boost Renewables

Written by Frederic Tomesco and Sandrine Rastello. This article first appeared in Bloomberg News.  Caisse de Depot et Placement du Quebec, one of Canada’s largest pension funds, will scale back its high-carbon investments such as coal while boosting its renewable holdings in a bid to help fight climate change. Already among the world’s largest renewable […]

October 19 2017

Solar Wants to Help Fix a Power-Grid Problem It Helped Create

Written by Mark Chediak. This article first appeared in Bloomberg Technology.  Big solar farms helped create a power-grid predicament in California. And now they’re offering to help solve it. Solar panels have proliferated in the Golden State, flooding the grid with power supplies in the middle of the day when the sun’s out — and […]

October 18 2017

Solar Finds Unexpected Champion in Sean Hannity

Written by Chris Martin. This article first appeared in Bloomberg Technology.  The U.S. solar industry has enlisted one of President Donald Trump’s best media friends for a campaign against import tariffs: Sean Hannity. Sean Hannity. Photographer: Andrew Harrer/Bloomberg Hannity voiced an advertisement asserting that tariffs on solar imports would threaten jobs in the U.S. The spot […]

October 18 2017

Enel to Seek More Deals in Energy Storage Business, CEO Says

Written by Chiara Albanese and Dina Khrennikova. This article first appeared in Bloomberg Markets.  Enel SpA is seeking acquisitions in the energy storage business, as developments in battery technology are set to play a key role for the wider adoption of renewable sources. Europe’s biggest utility by market capitalization sees the U.S., Europe and Latin […]

October 18 2017

Egypt Draws $1.8 Billion Investments for 1.4 Gigawatts of Solar

Written by Anna Hirtenstein. This article first appeared in Bloomberg Markets. Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp. The EBRD is backing 16 photovoltaic projects, and the IFC is financing 13 in the sunny North African nation […]

October 16 2017

Asian Infra Bank to Reach $4 Billion in Loans by Year End: 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. The Asian Infrastructure Investment Bank, which has a mandate to invest in “environmentally friendly” projects, is on course to approve $2.5 billion of new loans in 2017, taking its […]

October 16 2017

OPEC Sees ‘Healthy’ Oil Demand Growth to 2022

Written by Wael Mahdi and Fiona MacDonald. This article first appeared in Bloomberg News.     Oil demand will grow at a “healthy pace” over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said. Crude demand will climb an […]