Results for: solar

October 3 2017

U.S. Tax Reforms Would Leave Renewable Energy Out in the Cold

Written by Brian Eckhouse. This article first appeared in Bloomberg Markets.  The prospects for a broad tax reform with lower corporate rates has excited business leaders and boosted the stock market — except for renewable energy. Tax reform “will make renewables more expensive,” Keith Martin, a partner at law firm Norton Rose Fulbright, said in […]

October 3 2017

Storms Spur $22 Billion Investment in Battery-Backed Grids

Growing demand for more resilient power supplies will spur $22.3 billion of global investment in battery-backed local energy systems over the next decade, according to Navigant Research. Villages and homes in far-flung places will drive the expansion of microgrids, small-scale solar systems with batteries that can retain power until it’s needed. Navigant expects 14.9 gigawatts […]

October 3 2017

Saudi Arabia Gets Cheapest Bids for Solar Power in Auction

Saudi Arabia received offers to supply solar electricity for the cheapest prices ever recorded, marking the start of a $50 billion program to diversify the oil producer’s domestic energy supplies away from fossil fuels. The energy ministry said Abu Dhabi’s Masdar and Electricite de France SA bid to supply power from a 300-megawatt photovoltaic plant for […]

October 3 2017

New Energy Pioneers: SunFunder

Financing solar beyond the gird   Founded: 2012 CEO: Ryan Levinson HQ: U.S.   What does SunFunder do? SunFunder provides debt finance for solar companies and projects in emerging markets. As an intermediary offering investors a route into this emerging market, SunFunder aims to bridge the gap between capital markets and off-grid solar markets. How are they […]

October 2 2017

Trump May Have Found Paths to Save Coal and Hobble Clean Energy

President Donald Trump may soon have a chance to prove wrong the notion that economics will kill the U.S. coal industry and keep clean energy thriving. Two initiatives pending in Washington — one to prop up large traditional power plants and a second to impose tariffs on solar panels — could let Trump upend wholesale electricity markets […]

October 2 2017

Puerto Rico to Get Power Relief From German Microgrid Supplier

Sonnen GmbH, a German provider of energy-storage systems, is planning to install microgrids to provide electricity for at least 15 emergency relief centers in hurricane-ravaged Puerto Rico. Sonnen began delivering its storage systems to Puerto Rico last week and expects to deliver at least one shipment each week as the island’s ports reopen, the Wildpoldsried, Germany-based […]

September 29 2017

Musk’s 100-Day Race to Biggest Battery Starts in South Australia

A pledge by billionaire Elon Musk to build the world’s largest lithium-ion battery system in the Australian outback is ahead of schedule with half the project already complete. Against a backdrop of almost 100 wind turbines 150 miles (241 kilometers) north of Adelaide, the Tesla Inc. chief executive officer announced a contract for the project had […]

September 29 2017

Storm-Ravaged Caribbean Is Eyeing Solar, But It Won’t Come Cheap

For Caribbean islands plunged into darkness after hurricanes Irma and Maria, more resilient, small-scale electric systems powered by the sun are looking increasingly attractive. Transforming a grid, though, doesn’t come cheap. In making the case for so-called microgrids, environmental nonprofit Rocky Mountain Institute pointed to solar installations on the Turks and Caicos islands that remained […]

September 29 2017

Tesla Is ‘Structurally Unprofitable,’ Chanos Says

Tesla Inc., a perennial target of short sellers, is “structurally unprofitable” with a “way too leveraged” capital structure, said famed investor Jim Chanos. “Three years ago, this company was supposed to be making money now,” Chanos, who’s betting against Tesla shares, said in an interview Thursday on Bloomberg Television. “Now it’s supposed to be making […]

September 28 2017

Musk Heads to Australia to Unveil Progress on Giant Battery, Mars Mission

Six months after wagering he can build the world’s biggest battery, entrepreneur Elon Musk is back Down Under to defy his doubters.  The boss of Tesla Inc. descended on South Australia on Friday to unveil progress on a giant battery seen critical to averting crippling power shortages in the state. Musk has promised to have […]