Results for: solar

March 28 2017

German power spat with Denmark holds up single market trade

A long-running squabble between Denmark and Germany over power cables linking the countries has cut the amount of electricity Nordic producers can supply to Europe’s biggest market to the lowest level in 17 years. Germany cut import capacity from mainland Denmark by 89 percent on average last year, the most since a power market between the […]

March 28 2017

Abu Dhabi’s NBAD becomes Gulf’s first issuer of green bonds

National Bank of Abu Dhabi PJSC is selling $587 million in a class of debt used to fund environmental projects, the first issue of green bonds from a region where governments are looking to curb dependence on oil as an energy source. The state-owned lender is offering the five-year securities at 98 basis points over […]

March 28 2017

SunEdison India assets to help double Greenko capacity

Greenko Energy Holdings, the green power developer backed by sovereign wealth funds, expects to double its capacity in India by 2019 with the help of assets acquired during the bankruptcy of SunEdison Inc. Generation capacity should grow to about 5 gigawatts in the next two years as new projects come online and Greenko integrates 1.5 […]

March 27 2017

Brookfield finds solar ‘entry point’ after SunEdison’s collapse

Brookfield Asset Management Inc., one of the biggest owners of hydropower, is about to make its first major move into solar power. Canada’s largest alternative asset manager has about 10,700 megawatts of clean-energy plants around the world, including 217 hydropower sites — and just a half-megawatt of solar power that’s enough to power 82 U.S. […]

March 27 2017

UAE sees $192 billion savings in switch to green power from gas

The United Arab Emirates forecasts that savings generated by switching half its power needs to clean energy by mid century will outstrip the investment costs. The Gulf state plans to invest $150 billion in renewable power to 2050, weening the country from dependency on subsidized natural gas power in stages, Minister of Energy Suhail Al-Mazrouei said […]

March 27 2017

China’s buses bolster Ballard’s three-decade quest for hydrogen

A decades-long struggle by Ballard Power Systems Inc. to make money off hydrogen may finally be paying off as the world’s largest automotive market begins converting vehicles from petroleum to a system that emits nothing but water. The Canadian company, which has mostly posted losses since it was publicly listed in 1993, expanded its foothold […]

March 27 2017

Tesla Model 3 ramp up aims to crush BMW and Mercedes

One year ago this week, Elon Musk took to a stage to unveil his most important vehicle yet: the $35,000 Model 3. The electric five-seater accelerates as fast as the the best-selling luxury sport sedans in America—the BMW 3 Series and the Mercedes C Class—and costs about the same. The value proposition was the best ever for an […]

March 25 2017

Rooftop solar facing U.S. consolidation as `weaker hands’ fold

It’s not the best time to be a midsize U.S. rooftop solar company. Growth is slowing nationally, especially in California, the biggest solar market. Interest rates are creeping up. As larger rivals gain share and expand into new cities and states, some of the smaller ones are looking like possible takeover targets or closing down. […]

March 24 2017

Tesla will take orders for its solar roof in April

Tesla Inc. is ready to start taking deposits for its stunning solar roof tiles. The company will begin taking orders next month, Chief Executive Officer Elon Musk said via Twitter on Friday. Tesla hasn’t disclosed detailed pricing on the tiles, but that would presumably become clear when people start putting down deposits. Installations will begin in mid 2017, according to the […]

March 24 2017

Macquarie gets CIT financing for California storage project

A unit of Macquarie Group Ltd. tapped CIT Group Inc. to finance part of a $200 million portfolio of energy-storage systems it’s developing in California, marking the largest battery project to get bank financing. The 50 megawatts of storage systems are being installed at commercial and industrial sites in Los Angeles and Orange counties, according to […]