Results for: solar

August 14 2017

Fast, Dirty Natural Gas Plants Get Boost From Electric Cars

By Kelly Gilblom, Weixin Zha, and Mathew Carr Britain’s goodbye to fossil-fuel cars by 2040 could boost the need for dirtier natural gas-powered stations. The government’s goal to replace gasoline and diesel cars with those powered by electricity could see the construction of so-called open-cycle gas stations, said Carsten Poppinga, senior vice president of trading […]

August 12 2017

Equis Is Said to Seek Binding Bids for $4 Billion Power Assets

By Vinicy Chan, Elffie Chew and Takako Taniguchi Equis Energy, the Singapore-based developer of power projects, has asked for binding bids for its $4 billion renewable energy business by late September, people with knowledge of the matter said. A consortium led by I Squared Capital is among suitors chosen to proceed in the bidding for the portfolio […]

August 11 2017

Brazil Bets on Power Demand Recovery in 2018 as Economy Improves

By Vanessa Dezem and Mario Sergio Lima Brazil anticipates power demand will stage a comeback next year in tandem with improving economic fortunes. After pulling the plug on the only power auction geared at wind and solar power for 2016, the country’s energy ministry is making plans to hold two sales in December and a […]

August 11 2017

London Solar Auctions Aim to Make City Greenest on Earth

By Jess Shankleman London Mayor Sadiq Khan said he wanted to try city-wide auctions as part of an environment strategy proposed to more than double the capital’s solar energy generation capacity by 2030. The reverse auctions would be similar to the Solarize NYC model already used in New York, where multiple buyers pool together and […]

August 11 2017

True Green Raises $350 Million for Commercial, Industrial Solar

By Brian Eckhouse True Green Capital Management LLC, an infrastructure asset management firm with more than $500 million under management, raised $350 million for commercial and industrial solar investments. The Westport, Connecticut-based asset manager closed True Green Capital Fund III on June 30, Managing Partner Panos Ninios said in an interview. The fund was oversubscribed, […]

August 11 2017

NRG Sale Draws Possible Suitors Including GIP, NextEra

By Matthew Monks, Brian Eckhouse, and Mark Chediak Utility giant NextEra Energy Inc. and investment fund Global Infrastructure Partners are among at least seven companies looking into buying renewable energy assets from NRG Energy Inc., the U.S. power generator under pressure from billionaire investor Paul Singer to streamline. Private equity firm Blackstone Group LP, GIC Pte, […]

August 11 2017

Parked Electric Cars Earn $1,530 Feeding Power Grids in Europe

By Jess Shankleman Electric car owners are earning as much as $1,530 a year just by parking their vehicle and feeding excess power back into the grid. Trials in Denmark carried out by Nissan Motor Co. and Italy’s biggest utility Enel SpA showed how batteries inside electric cars could help balance supply and demand at […]

August 10 2017

Green bonds: 2016 in review

Green bonds issuance boomed in 2016, despite the slowdown in new clean energy investment. We look at the most important developments of the green fixed income market in the past year to understand why issuance is rocketing, and where the market could go from here. The green bonds market continues to grow exponentially, with $95.1bn […]

August 10 2017

Oaktree Is Said to Mull Sale of Spanish Renewable Firm Eolia

The owners of Spanish wind-power firm Eolia Renovables de Inversiones SCR SA are exploring a sale amid bids from other energy providers, people familiar with the matter said. A sale could value the company, which is majority owned by U.S. buyout firm Oaktree Capital Group LLC, at more than 1 billion euros ($1.2 billion), the […]

August 9 2017

The Eclipse Will Give Us a Glimpse of the Future of Natural Gas

By Chris Martin, Mark Chediak and Naureen S. Malik Natural gas is about to get a glimpse of its future role in the U.S. power mix as solar energy’s backup. During the upcoming Aug. 21 eclipse, operators of giant solar fields from California to the Carolinas will rely on power from fast-start natural gas generators as […]