Results for: solar

February 28 2017

Vitol in joint venture to build battery storage systems in U.K.

Units of the commodities trader Vitol Group and the renewables investment fund Low Carbon Ltd. said they’d invest 250 million pounds ($311 million) to develop energy storage and distributed power-generation projects in the U.K. Their first endeavor conducted by a venture between them called VLC Energy will be two lithium-ion battery plants in the U.K., […]

February 27 2017

Tesla tanks after Goldman downgrades to sell

Tesla Inc. fell 5 percent after Goldman Sachs Group Inc. turned negative on the stock and cast doubt on Chairman Elon Musk’s ability to deliver the company’s new vehicle on time. Analyst David Tamberrino downgraded the shares to sell from neutral and trimmed his six-month price target to $185 from $190. That helped send shares to […]

February 27 2017

Man who moved oil with his words won’t talk about it anymore

For more than two decades, the oil market hung to Ali al-Naimi’s every word — whether he was taking a characteristic stroll at dawn on Vienna’s Ringstrasse, hurrying through a hotel lobby after a conference, or dodging throngs of reporters at an OPEC meeting. Now that he’s done with his near 21-year stint as Saudi […]

February 27 2017

Panasonic eyes storage boost as Japan solar incentives wane

Japan’s scaling back of a program encouraging residential solar has Panasonic Corp. hopeful the market for home energy storage systems is about to receive a boost. In 2019, a program designed to buy back solar power flowing from rooftop panels at above-market rates will start becoming less enticing, potentially leaving homeowners who signed up with […]

February 27 2017

Solar squabble shows how a Trump trade war with China could backfire

For a cautionary tale on how a trade war with China could backfire against the U.S. under President Donald Trump, talk to REC Silicon ASA Chief Executive Officer Tore Torvund. After the U.S. slapped duties on Chinese solar panel exports in 2011, China shot back about a year later with measures against the American polysilicon […]

February 25 2017

Wind power costs plunge in Asia’s first auction for contracts

The cost of power generated from wind turbines plunged in Asia’s first auction for contracts to deploy the technology, a victory for India’s effort to reduce pollution and ensure supplies. Solar Energy Corp. of India Ltd., which conducted the auction for the government, said late Friday that it received bids to supply wind power for […]

February 23 2017

Tesla keeping model 3 steady as Musk to lose CFO, seek cash

Elon Musk delivered a mixed bag for Tesla Inc. shareholders, reassuring that his mass-market electric sedan will arrive on time in July while disclosing the departure of a senior executive and warning the company probably will need another cash infusion. The Model 3 electric sedan remains on schedule and will reach production of about 5,000 […]

February 21 2017

First Solar posts biggest-ever loss as revenue slides

First Solar Inc. slumped the most in three months after reporting its biggest-ever loss and cutting its earnings forecast. The largest U.S. panel maker fell 5.9 percent to $34.45 at 10:21 a.m. in New York after earlier sliding as much as 7.2 percent, the most intraday since Nov. 17. The shares have tumbled 46 percent […]

February 21 2017

Future of Energy Summit 2017: People, transformations, and opportunities generated

By William Young, Summit Director (@wr_young) Bloomberg New Energy Finance   2011 was the first time BNEF brought the Summit to New York. We met in the Pierre, right by the corner of Central Park, and partied in the Vanderbilt Hall. Late one evening, I was accosted by an experienced climate change diplomat. A stream […]

February 21 2017

Tesla’s stock now rivals Ford and GM

Tesla Inc. is months away from product launches that could revolutionize several industries. The most anticipated—the Model 3 electric car—is to be accompanied in 2017 by the unveiling of an electric semi-trailer truck, autonomous driving capabilities, and a ride-hailing network. Throw in the Powerwall and solar shingle, and you’ve got the makings of a busy year. With […]