Results for: solar

July 18 2017

Cheap Solar Supplying Power at Night Coming Soon to Middle East

Solar plants that supply electricity at competitive prices after the sun goes down are about to become a reality in the Middle East, according to one of the region’s biggest developers of power plants. ACWA Power International Chief Executive Officer Paddy Padmanathan confirmed his company is the low bidder on a $1 billion project that will feed […]

July 17 2017

Bounce in U.S., China Clean Energy Investment Buoys 2Q

This article first appeared on the BNEF mobile app and the Bloomberg Terminal. $64.8 billion invested in clean energy in 2Q 2017 Investment propelled by $2 billion solar deals in UAE New investment in clean energy, 1Q 2004-2Q 2017 ($billion) Source: Bloomberg New Energy Finance The second quarter of 2017 saw $64.8 billion invested in […]

July 17 2017

Chinese Wind Power Giant Wants to Be App Store of Energy World

Envision Energy, one of the world’s largest wind turbine manufacturers, has bigger ambitions. Chief Executive Officer Lei Zhang laid out a vision for a global “ecosystem” of energy in which solar and wind farms, power plants, utilities, big electricity customers and all of the application and software developers that support them are connected to each […]

July 16 2017

Saudis Seek Bids for First Utility-Scale Plant for Wind Power

Saudi Arabia,  the world’s biggest exporter of crude oil, moved a step closer toward the construction of its first utility-scale wind-power project. The energy ministry asked potential bidders and plant developers to submit their qualifications to build the 400-megawatt plant at Dumat Al Jandal in the kingdom’s northwestern Al Jouf region, it said Sunday in an emailed statement. […]

July 14 2017

Renewable Energy Not a Threat to Grid, Draft of U.S. Study Finds

Wind and solar power don’t pose a significant threat to the reliability of the U.S. power grid, Energy Department staff members said in a draft report, contradicting statements by their leader Rick Perry. “The power system is more reliable today due to better planning, market discipline, and better operating rules and standards,” according to a […]

July 14 2017

Japan’s Renewable-Energy Revolution

Japan’s approach to stewardship of its land and water resources is distinct from that of the U.S. As an island nation with a millennia-long history, the concepts of reuse, repurposing and multiple use are intrinsic to Japanese culture. In 2011, the Tohoku earthquake and subsequent Fukushima nuclear disaster caused Japan to reassess its dependence on […]

July 14 2017

A Solar Eclipse Could Wipe Out 9,000 Megawatts of Power Supplies

The eclipse set to darken skies next month threatens to sideline solar farms and rooftop panels in a wide swath of the U.S., wiping out enough power generation to supply about 7 million homes. This rare event, during which the moon will completely obscure the sun, will cast a shadow along a 70-mile-wide (113-kilometer) corridor […]

July 14 2017

Elon Musk Exposes Deep Coal Divide in Australia

Elon Musk’s intervention in Australia’s energy crisis is widening a divide over the future of coal. The billionaire Tesla Inc. founder, who has promised to help solve an Australian state’s clean energy obstacles, sees no place for the fossil fuel. That conflicts with the national government’s push for it remaining a mainstay source of electricity generation, […]

July 13 2017

Warburg Pincus Invests $100 Million in India’s CleanMax Solar

Warburg Pincus, the New York-based private equity firm, invested $100 million in India’s largest rooftop solar developer CleanMax Solar, the company said in a statement. CleanMax, which has about a quarter of the South Asian nation’s market for rooftop solar systems, will use the private equity investment to fund growth opportunities outside India and to […]

July 13 2017

Solar Power Gets $46 Million Boost From U.S. Energy Department

The U.S. Energy Department awarded $46.2 million in research grants to improve solar energy technologies and reduce costs to 3 cents per kilowatt-hour by 2030. The money will be partly matched by the 48 projects awarded to laboratories and universities, including Arizona State, which plans to use $1.6 million to develop an X-ray test to […]