Results for: solar

June 1 2017

Clean Energy Shares Hardly Move as Trump Pulls Out of Paris

Donald Trump has spoken: the U.S. will exit the landmark 2015 Paris climate accord. And clean-energy investors yawned. The WilderHill New Energy Global Innovation Index of companies in renewable and low-carbon energy barely budged, gaining less than 0.1 percent on Friday. Solar stocks rose slightly, with the Bloomberg Intelligence Global Large Solar Energy Valuation adding […]

June 1 2017

Trump’s Paris Adieu Is a Win for Coal and Oil But Not a Big One

The biggest winners in President Donald Trump’s decision to walk away from the Paris climate accord are oil, coal and natural gas producers. And even they aren’t popping Champagne corks. The president, who has called climate change a hoax, cast aside any lingering doubts about his commitment to fossil fuels Thursday when he announced the […]

June 1 2017

Trump to Exit Climate Pact as Allies Deride Call for Do-Over

President Donald Trump said he would withdraw the U.S. from the Paris climate pact, saying it favors other nations at the expense of American workers, a move that angered European allies, corporate executives and religious leaders. “We are getting out, but we will start to negotiate and we will see if we can make a […]

June 1 2017

Italy Switches on Five New Subsidy-Free Solar Power Plants

Octopus Investments Ltd. started generating power from five subsidy-free solar plants in Italy in the latest sign that clean-energy can be profitable without government support. The plants have a two-year fixed power price agreement in place with Italian power trader Green Trade SA, said Matt Setchell, head of renewable energy investments at Octopus, in a phone […]

June 1 2017

U.S. Residential Solar Market Slides for the First Time in 16 Years

The U.S. residential solar market is projected to contract in 2017 after at least 16 straight years of growth, reflecting a shift in sales strategies by some major installers and increasing pressure from utilities to adjust incentives. Installers will add 2,263 megawatts of residential systems this year, down about 2.4 percent from 2,319 megawatts in […]

June 1 2017

Cheaper Solar in India Prompts Rethink for More Coal Projects

India’s coal-power plant developers are growing more pessimistic about their projects after a plunge in the cost of electricity from solar panels improved the economics of renewable energy. After a string of federal auctions, solar is suddenly the cheapest source of electricity in India. That’s darkening the outlook for the coal-fired power industry as projects struggle to find […]

May 31 2017

Fortum Considers Bid for EON’s Fossil-Fuel Spinoff Uniper

Finnish utility Fortum Oyj is in talks with Germany’s EON SE about acquiring its 47 percent stake in legacy fossil fuel and trading business Uniper SE as part of a plan to buy the whole company, according to people familiar with the matter. Fortum is discussing a purchase of the German renewable company’s stake to lay […]

May 31 2017

Solar Stocks Fall on Reports That U.S. May Exit Paris Agreement

Solar manufacturers fell sharply on reports Wednesday that President Donald Trump is leaning toward withdrawing the U.S. from the landmark 2015 Paris climate accord. JinkoSolar Holding Co., the biggest solar manufacturer, dropped 3.2 percent to $18.23 at 11:01 a.m. in New York, after sliding as much as 8 percent. Canadian Solar Inc., the largest North […]

May 31 2017

Infamous Three Mile Island Is Latest Casualty of Shale Boom

Competition from cheap natural gas has claimed another U.S. nuclear power plant in a state that has balked at government aid for financially ailing reactors. Exelon Corp.’s Three Mile Island reactor near Harrisburg, Pennsylvania, site of the worst commercial nuclear accident in U.S. history in 1979, will close in 2019 after losing money for five years, the […]

May 30 2017

Hottest Returns on DAX Generated by Old-School Coal Burners

Last year, investors jumped at the chance to buy into Germany’s landmark shift into renewable energy. Now they’re getting a lesson that fossil-fuel utilities still have plenty to give. RWE AG, Europe’s biggest coal plant operator and greenhouse-gas polluter, is the biggest gainer on the nation’s DAX index after jumping 49 percent this year. The […]