Results for: solar

July 7 2017

Clean energy investment – 2Q 2017 figures

The second quarter of 2017 saw $64.8 billion invested in clean energy around the world, up 21% from 1Q this year, but down 12% compared to 2Q 2016. New Investment in Clean Energy by Region, 1Q 2014 – 2Q 2017 ($BN) Source: Bloomberg New Energy Finance All values nominal. This includes investment into all asset […]

July 7 2017

U.S. Utilities Offer Multiple Electric Car Charging Rates

This article first appeared on the BNEF mobile app and the Bloomberg Terminal. Over 25 utilities offer special tariffs for electric cars Charging rates are up to 95 percent lower at night EV charging tariffs for selected U.S. utilities (*) Indicates charging is discouraged. Source: Bloomberg New Energy Finance Major U.S. utilities such as PG&E Corp., DTE Energy Co. and […]

July 7 2017

Solar parks in U.A.E. boost global clean energy investment in 2Q

Second quarter of 2017 saw $64.8 billion invested in clean energy around the world, up 21% from 1Q this year, but down 12% compared to 2Q 2016 London and New York, 7 July 2017 – The financing of two huge photovoltaic projects in the United Arab Emirates helped to drive a recovery in global clean […]

July 7 2017

Blackstone Does What RWE Can’t Do by Reviving Dutch Plant

Blackstone Group LP’s reboot of an idled Dutch natural gas-fired power plant this week underlined investor appetite for the unwanted assets of some of Europe’s biggest utilities. The Rijnmond station in Rotterdam sold electricity on Monday for the first time since the world’s biggest private equity fund bought the bankrupt facility last year. Utilities such as […]

July 7 2017

Elon Musk’s Tesla Wins Bid to Supply World’s Biggest Battery

Elon Musk’s Tesla Inc. won a tender to build what the billionaire says is the world’s largest lithium-ion battery system to support South Australia’s blackout-plagued power grid. “We’re talking about something that’s three times as powerful as the next biggest battery installation in the world,” Musk told reporters in Adelaide. Tesla will provide 100 megawatts […]

July 7 2017

Millennials and Their iPhones Are Killing Your Old Power Company

It won’t be long, experts say, before the average Londoner will be able to program her day to start this way: An iPhone app with a real-time weather feed sees it’s overcast again, so it tells the diodes embedded in the bedroom walls to mimic sunrise. As the light brightens, the shower tap opens and […]

July 6 2017

The Power Consumed by Electric Vehicles Is About to Surge 300-Fold

Electric vehicles aren’t just transforming the auto industry: They’re also about to reshape the global power market. By 2040, more than half of all new cars sold will be plug-ins like those offered by Tesla Inc., according to a report from Bloomberg New Energy Finance. That means electricity demand from vehicles will surge 300-fold from […]

July 6 2017

The Electric Car Revolution Is Accelerating

Electric cars will outsell fossil-fuel powered vehicles within two decades as battery prices plunge, turning the global auto industry upside down and signaling economic turmoil for oil-exporting countries. The Bloomberg New Energy Finance forecast says adoption of emission-free vehicles will happen more quickly than previously estimated because the cost of building cars is falling so fast. The seismic shift […]

July 6 2017

Traders Flee Nasdaq Power Market for Better Deals With Banks

Since the 1990s, Norwegian metals refiner Elkem AS routinely tapped the world’s oldest power exchange in search of the best deals on the electricity supplies it needed to run five plants that make materials for everything from iPhones to body armor to solar panels. Not anymore. Elkem, Norway’s third-largest electricity buyer, has joined a growing […]

July 5 2017

Northland Power Scraps Sale Without Finding Buyer

Northland Power Inc., the C$4 billion ($3.1 billion) Canadian renewable energy producer, failed to find a buyer after running a sale process, according to people with knowledge of the matter. Shares in Toronto-listed Northland fell as much as 3.9 percent to C$22.10 Wednesday morning and traded at C$22.84 at 9:51 a.m. China Three Gorges Corp. and Beijing-based […]