Results for: solar

May 18 2017

National Grid Gains as Higher Rates Seen in U.S. Unit

National Grid Plc rose to a six-month high as the U.K. utility posted earnings that beat analyst estimates. Adjusted pretax profit rose 13 percent to 3.56 billion pounds ($4.6 billion) in the year through March, the London-based utility said in a statement. That was 1.7 percent higher than the average estimate of analysts compiled by […]

May 17 2017

TMN: BNEF’s Zindler on How Cheap Renewable Energy Can Change the World

http://first.bloomberglp.com/bnef/Wake_Ep_5_Podcast.mp3 via Talk Media News Read up on solar energy prices and you’ll find a headline proclaiming record low rates for power generation. Renewable energy prices are becoming competitive with fossil fuels. On a given day, Germany generates most of its power from renewables. China is mass producing affordable solar panels, while American engineers and […]

May 17 2017

Spain Seeks $4.3 Billion Investment to Meet EU Energy Goals

Spain sought to lure investment of as much as 3.9 billion euros ($4.3 billion) in its biggest auction yet for contracts to supply electricity from clean-energy sources, part of an effort to meet European Union targets. The government on Wednesday took bids to supply at least 2 gigawatts and as much as 3 gigawatts of […]

May 16 2017

Musk Cousin Lyndon Rive, Former SolarCity CEO, to Leave Tesla

Lyndon Rive, the former chief executive officer of SolarCity and first cousin of Tesla Inc. CEO Elon Musk, will leave the electric automaker next month, saying he plans to start another venture. Tesla acquired SolarCity in November for $2 billion, creating a company with more than 30,000 employees that focuses on sustainable energy and transportation. Rive’s […]

May 12 2017

Brookfield Said Near Closing Deal for Renova’s TerraForm Stake

Brookfield Asset Management Inc. is close to purchasing Renova Energia SA’s stake in TerraForm Global Inc., bringing it nearer its goal of buying the renewable energy yieldco and opening a path to take majority control of Renova, according to people familiar with the transaction. The $107 million transaction will also resolve a legal dispute between […]

May 12 2017

SoftBank and Foxconn Bring India Some of World’s Cheapest Solar

Companies led by SoftBank Group Corp. of Japan and Taiwan’s Foxconn Technology Co. Ltd. are bringing India some of the cheapest solar power in the world, helping Prime Minister Narendra Modi reach his ambitious clean-energy goals. In two auctions this week for renewable-energy power-purchase contracts, bids from companies to supply clean electricity slid to as little as […]

May 11 2017

Tesla’s Solar Roof Sets Musk’s Grand Unification Into Motion

Tesla has begun taking orders for its transformative new solar roof. The pricing is competitive, and it marks the final piece in Elon Musk’s vision for a grand unification of his clean-energy ambitions—combining solar power, home batteries, and electric cars.  “These are really the three legs of the stool for a sustainable energy future,” Musk said. “Solar power […]

May 10 2017

Merkel Lawmakers Reject Calls to Expand Offshore Wind Auctions

Calls from the industry and utilities including Vattenfall AB for Germany to auction more offshore wind blocs are unlikely to fall on sympathetic ears until voters elect a new parliament. Germany’s maiden offshore auction, which wrapped up last month with the winners willing to forgo subsidies for the first time, is spurring calls to raise […]

May 9 2017

NRG Review Said to Include Potential Sale of All Renewables

A committee of NRG Energy Inc. board members is considering a recommendation to sell the company’s entire renewable energy business as the U.S. power generator faces pressure from billionaire investor Paul Singer to cut costs, people familiar with the situation said. A potential sale, being weighed by a panel that NRG formed in February, could include […]

May 8 2017

Germans May Face Higher Power Costs on Exit From Nuclear Energy

Germans already footing the second-highest electricity bills in Europe may face even higher costs from the country’s decision to exit nuclear power early next decade. While there’s no risk of blackouts, costs could rise if transmission gaps emerge, according to Germany’s Bnetza regulator. Europe’s biggest power market is closing its last atomic plants in 2022 […]