Results for: solar

April 7 2017

First Look at Tesla’s Tweaked Model 3

The Model 3s are coming.  Two weeks after Tesla CEO Elon Musk teased the first 6-second video of a newly minted, almost-final version of the $35,000 car, prototypes have begun to appear in the wild. The following images of two Model 3s were taken outside the company’s headquarters in Palo Alto, California, on Wednesday.  With about 400,000 […]

April 6 2017

More bang for the buck: Record new renewable power capacity added at lower cost

Frankfurt and Nairobi, 6 April, 2017 – As the cost of clean technology continues to fall, the world added record levels of renewable energy capacity in 2016, at an investment level 23 percent lower than the previous year, according to new research published today by UN Environment, the Frankfurt School-UNEP Collaborating Centre, and Bloomberg New Energy Finance. Global Trends in […]

April 6 2017

With More Bang for the Buck, Renewables Providing Most New Power

Renewables were the biggest new source of electricity last year as the cost of building new wind and solar farms fell. Clean energy provided 55 percent of all new capacity added worldwide, the most ever, and total investment was about double the amount for generators driven by fossil fuels, according to a report published Thursday […]

April 6 2017

New Energy Goes Mainstream as Majors Muscle In

With wind and solar generators becoming more mainstream sources of energy, governments around the world are weaning the industry off subsidies and creating new openings for older utilities built on coal and nuclear power to land their own renewable-fuel projects. Across Europe, Latin America and India, major electricity suppliers including Enel SpA, Vattenfall AB and […]

April 5 2017

U.K. seeks to abandon green goal that may sour Brexit

Britain is looking for ways to scrap its 2020 clean energy targets while maintaining everyday trade in Europe’s energy market, an early sign of the kind of cherry-picking that threatens to sour Brexit negotiations. Officials in the Treasury and the business department are looking for a way to abandon the national goal of getting 15 […]

April 4 2017

Buffett’s PacifiCorp plans $3.5 billion clean energy expansion

PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway Inc., plans to spend $3.5 billion on clean-energy projects that include 3 gigawatts of new wind and solar farms. The plan calls for developing 1.1 gigawatts of wind projects, mainly in Wyoming, by the end of 2020, Portland, Oregon, based PacifiCorp said in a statement Tuesday. The company […]

April 4 2017

ABB said to pay $2 billion for B&R to plug gap in automation

ABB Ltd. pledged to hunt for more acquisitions after purchasing an Austrian company that makes industrial software and hardware used for assembly lines and even self-driving tractors, its first significant takeover since 2013. The deal values Bernecker & Rainer Industrie-Elektronik GmbH at almost $2 billion, said a person familiar with the matter, who asked not […]

April 3 2017

Facebook, Microsoft helping to finance green power microgrids

Facebook Inc., Microsoft Corp. and venture capitalists at Allotrope Partners set up a facility to finance energy access projects in Indonesia, India and East Africa. The Microgrid Investment Accelerator, or MIA, will seek to mobilize $50 million from 2018 to 2020, according to an emailed statement. It will tap grants and loans from foundations and […]

April 3 2017

No more lazy sunny Sunday afternoons for U.K. factories

Britain’s grid operator may pay big energy consumers to use more electricity on sunny weekends when solar energy is plentiful and demand is low. National Grid Plc is consulting with customers on ways to adapt its network to the rise of renewables, including rewarding factories and businesses for boosting consumption at times of high solar generation, […]

April 3 2017

Tidal turbine maker bids to turn U.K. into a green Saudi Arabia

A British developer is bidding to build power turbines under the sea in Scotland in a contest for government contracts that starts Monday, aiming to prove for the first time that its technology is commercially viable. Atlantis Resources Ltd. is among the companies vying for 290 million pounds ($363 million) of electricity-generation contracts the U.K. […]