Results for: solar

April 20 2017

McCrone: Companies buying green power – how big a trend?

By Angus McCrone Chief Editor Bloomberg New Energy Finance Over the last decade, there have been many developments in clean energy that have excited companies and investors. Some, like algae-based biofuels and the Clean Development Mechanism, have faded. Others, like electric vehicles and renewable power auctions, have justified the hype. One of the latest hot […]

April 20 2017

Rural Electrification eyes $1.5 billion renewables lending Push

Rural Electrification Corp., a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas. The non-banking financial company is aiming to triple its clean-energy lending and is expecting to […]

April 19 2017

Europe’s coal power is going up in smoke — fast

The long goodbye for coal in Europe is accelerating as the cost of shifting to green energy plunges. Companies including Drax Group Plc, Steag GmbH to Uniper SE are closing or converting coal-burning generators at a record pace from Austria to the U.K., made obsolete by competition from cheaper wind and solar power. After more […]

April 18 2017

Marin Clean Energy, Cenergy plan Northern California solar farm

Marin Clean Energy, a community choice aggregator in Northern California, is planning a 10.5-megawatt solar farm in the state with developer Cenergy Power. The MCE Solar One project in Richmond, California, will provide power for more than 3,400 homes, the aggregator said in an emailed statement Monday. The city of Richmond and MCE agreed to […]

April 18 2017

GCL new energy aims to finish at least 300MW solar farms in U.S.

GCL New Energy Holdings Ltd., a Chinese operator of solar farms, expects to bring at least 300 megawatts of projects online in the U.S. in 2017. “We already started developing the projects and are seeking to connect 300 to 500 megawatts of capacity to grids this year,” Vice President Hans Ren said in an interview […]

April 18 2017

BYD plans to add bus factory in Europe as demand seen rising

BYD Co., which said last month it’ll build an electric bus factory in France, plans to add another plant in Europe as it sees demand rising with an increasing number of countries on the continent setting timeframes for operators to replace buses running on fossil fuels. The automaker’s sales in the region will rise to […]

April 17 2017

Canadian Solar gains on bullish view from biggest solar bear

Canadian Solar Inc. gained the most in almost eight weeks after an analyst said North America’s largest photovoltaic company is undervalued because it has an extensive portfolio of power plants under development. The Guelph, Ontario-based company increased 5.6 percent Monday to $13.43 at 11:54 a.m. in New York, after climbing as much as 6.6 percent, the […]

April 17 2017

Saudis Target 30 Solar, Wind Projects in $50 Billion Pledge

Saudi Arabia will develop 30 solar and wind projects over the next 10 years as part of the kingdom’s $50 billion program to boost power generation and cut its oil consumption. The world’s biggest exporter of crude oil will produce 10 percent of its power from renewables by 2023, Energy Minister Khalid Al-Falih said Monday […]

April 17 2017

Goldman on track to hit $1 billion Japan clean energy bond goal

Goldman Sachs Group Inc. is on track to reach its target of arranging $1 billion of renewable energy bonds in Japan, buoyed by a market attracting more developers with overseas experience. The investment bank, seeking to offer an alternative to traditional bank loans for project developers, announced in 2015 that it aimed to achieve the $1 billion […]

April 15 2017

Offshore Wind Farms Offer Subsidy-Free Power for First Time

Germany’s electricity grid regulator approved bids to build what will be the first offshore wind farms that depend entirely on market prices instead of government support and subsidy. The decision by Bundesnetzagentur, or BNetzA, grants power purchase agreements for 1,490 megawatts of wind farms to be built in the North Sea. Developers promised to supply power from the […]