Results for: solar

September 21 2017

Morgan Stanley and Citi Say They Will Run on 100 Percent Clean Energy

Anna Hirtenstein Morgan Stanley and Citigroup Inc. announced they will get all of their energy from renewables in a few years, another show of corporate support for climate action running counter to U.S. President Donald Trump’s view on the issue. The New York-based banks are aiming for their operations to be carbon-neutral, Morgan Stanley by […]

September 21 2017

Elon Musk’s Solar Partnership Strategy Doesn’t Look So Crazy Anymore

Elon Musk took a lot of heat last year when his Tesla Inc. bought solar-panel installer SolarCity for $2 billion. The synergies between his two companies didn’t seem immediately obvious, among other issues, critics said. But now other solar installers are looking to partner with companies as they wrestle with a market that is shrinking […]

September 21 2017

India’s Electric Car Champion Says Profit Tipping Point Nigh

The only electric-car maker in India says the business case for the clean technology is starting to make sense — and it won’t require government subsidies to take off in a big way. Mahindra & Mahindra Ltd., which announced a partnership this week with Ford Motor Co. to cooperate in areas including electric and driverless […]

September 21 2017

How Merkel’s Green Energy Policy Has Fueled Demand for Coal

By 2030, the eastern German town of Poedelwitz will likely be razed to get at the rich veins of coal beneath its half-timbered houses. The reason: Chancellor Angela Merkel’s effort to steer Germany toward greener energy, which has unexpectedly meant booming demand for dirty coal.  While Merkel aims to wean the country from nuclear power […]

September 20 2017

U.K. Brushes Off Trump on Iran With $720 Million Solar Deal

The U.K. deepened its economic relationship with Iran in a solar deal worth $720 million less than a day after U.S. President called the Persian Gulf nation a “rogue state” and threat to global security. Current and former Iranian and U.K. officials gathered in London to announce a 600-million euro plan to develop a giant […]

September 20 2017

New Energy Pioneers: SunCulture

Helping farmers grow more while spending less.    Founded: 2012 CEO: Samir Ibrahim HQ: Kenya   What does SunCulture do? SunCulture designs, manufactures and finances solar-powered irrigation systems for smallholder farmers in Kenya and East Africa. The system replaces fuel pumps with a more efficient, environment friendly solar powered solution. Aside from the main product, SunCulture […]

September 20 2017

Fortum Plans $9.7 Billion Bid for EON Fossil-Fuel Arm Uniper

Finnish utility Fortum Oyj plans to offer 8.05 billion euros ($9.7 billion) for EON SE’s legacy fossil fuel and trading business, Uniper SE, as consolidation in the European power sector accelerates. Fortum is in advanced talks to buy EON’s remaining 47 percent stake in the business, the Espoo, Finland-based company said in a statement Wednesday in response […]

September 19 2017

With End of Subsidies in Sight, Green Backers Move Cautiously

Anna Hirtenstein For almost two decades, investors in renewable energy have been able to fall back on government incentives and subsidies to underpin the returns on whatever they back. Now, they’re starting to think they need to proceed with caution. Sharp plunges in the cost of wind turbines and solar photovoltaics have brought forward the […]

September 19 2017

Clean Energy Is Approaching a Tipping Point

Reed Landberg The cost of renewables is plunging faster than forecasters anticipated just a few years ago as as technologies like gigantic wind turbines arrive on the market. That’s the conclusion of Bloomberg New Energy Finance, whose founder Michael Liebreich estimated that clean energy will reap 86 percent of the $10.2 trillion likely to be […]

September 19 2017

Little-Known Lender’s Stand Threatens a $29 Billion Solar Market

Joe Ryan A little-known Wall Street lender with a background financing dump trucks and helicopters is bankrolling a trade case that’s threatening the $29 billion U.S. solar industry. SQN Capital Management typically finances and leases crucial, if prosaic, business equipment: think cement mixers, office furniture, honey-production machines, farm equipment. A $50 million loan to Suniva […]