Results for: solar

September 4 2017

Hanergy Founder Handed 8-Year Director Ban by Hong Kong Court

By Benjamin Robertson Hanergy Thin Film Power Group Ltd.’s former chairman, Li Hejun, has been barred from serving as a director on the board of any company in Hong Kong for eight years after a court ruled that he was involved in misconduct related to the running of the former solar giant. The ruling also covered […]

September 1 2017

Vestas Growing in Mexico, Argentina, Expects Rebound in Brazil

By Vanessa Dezem Vestas Wind Systems A/S expects demand for wind power to rebound in Brazil, after a slowdown in Latin America’s top market prompted the turbine supplier to focus more attention elsewhere in the region. “I see Brazil coming back in the next year,” said Marco Graziano, president at Vestas Mediterranean. “You’ve got to be […]

August 31 2017

McCrone: How Economies May Flex to Transition in Energy, Transport

By Angus McCrone Chief Editor Bloomberg New Energy Finance We do not hear very much about “green jobs” these days. Around the turn of the decade, politicians were fond of putting those two words together and making grand claims about the number they would create – five million in the case of Barack Obama during […]

August 29 2017

Stalled Chile Solar Farm Is Seeking $800 Million to Restart

By Brian Eckhouse and Laura Millan Lombrana A stalled solar-thermal project in northern Chile backed by a U.S. private equity investor is seeking about $800 million in debt to resume construction, according to people familiar with the deal. EIG Global Energy Partners, the U.S. private equity investor that took over the $1 billion Cerro Dominador […]

August 29 2017

Lower Debt Ratios Likely for Unsubsidized Green Energy

By Angus McCrone, Bloomberg New Energy Finance’s Chief Editor. This article first appeared in BNEF’s ‘New Energy Deals’ publication, available to clients on the web and on the Bloomberg Terminal.  The new era of unsubsidized wind and solar projects will mean developers facing a smaller pool of potential lenders, resulting in “a squeeze” on the debt ratios that they […]

August 29 2017

Ending Nuclear Means Germany Likely to Miss Emissions Goal

This article first appeared on the BNEF mobile app and the Bloomberg Terminal. Decision after Fukushima disaster has helped coal plants Chance of more government action grows as 2020 target looms German nuclear, coal generation and emissions  Source: Bloomberg New Energy Finance  Germany’s nuclear phaseout, brought about by Chancellor Angela Merkel in 2011 after the […]

August 28 2017

China Is Creating the World’s Largest Power Company

China’s creating the world’s largest power company. The government of President Xi Jinping approved the merger of Shenhua Group Corp., the country’s top coal miner, with China Guodian Corp., among its largest power generators, the State-owned Assets Supervision and Administration Commission said Monday. With assets of 1.8 trillion yuan ($271 billion), the new entity will be […]

August 28 2017

Virtual Currency May Boost Australia’s Grassroots Solar Trade

By Jason Scott An Australian company is introducing its own version of bitcoin that will let homeowners and businesses sell excess energy generated from their rooftop solar panels to neighbors, without a middleman taking a cut. As of Monday, Perth-based Power Ledger had sold about 57 percent of the 100 million so-called “power tokens” offered […]

August 25 2017

Shell Joins Solar Push in Coal Country of World’s Top Exporter

Royal Dutch Shell Plc is investigating a solar power project in an Australian region better known for its fossil fuels, particularly coal. The company is studying the feasibility of a solar development on its land in the Western Downs area of Queensland, which is subject to a final investment decision, a spokeswoman said by email. […]

August 25 2017

New Kid on Europe’s Power Block Turning Into Giant Killer

Time may soon be up for Europe’s most influential power price. For 15 years, futures based on Germany and Austria’s shared electricity market have dominated power trading and anchored wholesale energy rates across Europe. With the joint price area due to end next year, a successor is emerging. Trading this month in German-only futures for 2020 […]