Results for: solar

March 7 2017

Another Canadian Utility Looks South of Border for M&A Targets

Gaz Metro Inc. became the latest Canadian energy company to look south of the border for new sources of revenue after snapping up Standard Solar Inc. to tap into the growing U.S. renewable market. Standard Solar said its acquisition by the Montreal natural gas distributor will speed up its growth in distributed generation and energy […]

March 7 2017

SunEdison to sell stakes in TerraForm yieldcos to Brookfield

SunEdison Inc. took a major step forward in its bankruptcy reorganization, agreeing to relinquish control of its two yieldco units to Canada’s biggest alternative asset manager and clearing up some of the litigation brought by the affiliates. Brookfield Asset Management Inc. agreed to increase its stake in TerraForm Power Inc. to 51 percent, acquiring the additional […]

March 7 2017

Big battery installations surge after gas leak in California

The biggest natural gas leak in U.S. history led to a boom in large-scale energy-storage systems, the technology that’s long considered the elusive link to integrating solar and wind power into electric grids. U.S. homes and businesses — primarily utilities — installed storage systems with 336 megawatt-hours of capacity in 2016, double the amount from […]

March 7 2017

Solar power may get boost from Africa’s biggest oil exporter

Nigeria, Africa’s biggest oil exporter, may be about to turn sunward to generate more of its power. Senators in the capital of Abuja are debating allocation of $30 million to solar projects in this year’s budget, according to the Renewable Energy Association of Nigeria. They’re expected to provide funding for off-grid solar projects, photovoltaic manufacturing, […]

March 6 2017

Saudi Aramco’s Green Energy Push Seen Widening Appeal of IPO

Aramco is the world’s largest oil company, but when it sells shares next year its foray into renewables is what may lure investors who would otherwise be forced to stay away. Saudi Arabian Oil Co., as it is formally called, is considering investments of as much as $5 billion in renewable energy, part of the […]

March 3 2017

Jobs take center stage of climate-change debate in Trump era

As the Trump administration sets to work gutting environmental regulations, the best weapon for battling climate change in the U.S. may be jobs. Many Republicans, including the president, have been unmoved by environmental or scientific arguments that federal policies should support clean energy as a way to combat global warming. They may be swayed by […]

March 2 2017

Perry confirmed to lead an energy department at crossroads

Rick Perry was confirmed as Secretary of Energy, putting the former Texas governor at the head of an agency that deficit hawks want to see out of the business of boosting innovative technologies. While many advisers to President Donald Trump want to eliminate the department’s funding for technologies such as flying wind turbines, Perry has […]

March 2 2017

Tesla’s China sales triple to more than $1 billion

Tesla Inc.’s revenue from China last year tripled to more than $1 billion, indicating better traction in the market Chief Executive Officer Elon Musk has predicted could eventually become the company’s biggest. China accounted for more than 15 percent of Tesla’s more than $7 billion of total revenue last year, according to a U.S. regulatory […]

March 1 2017

Trump may ground flying wind turbines that soared under Obama

Saul Griffith first tested a flying wing that could send wind turbines high into the atmosphere from the roof of the MIT Media Lab. At an altitude of 1,000 feet, the wind blasts consistently, making the power source cheaper and more reliable. But in 2009, after eight years of tinkering, his company Makani Power and its […]

March 1 2017

Q&A with Adam Gordon, Investec: ‘nowhere else to squeeze’ on cost of finance

Bryony Collins, Bloomberg New Energy Finance   If base rates globally were to rise, so would the overall cost of financing renewable energy projects, because “margins don’t have room to compress,” according to Adam Gordon, co-head of power and infrastructure at asset manager Investec Plc. “We received notice of a deal done recently at a […]