Results for: solar

February 21 2017

The age of the giant battery is almost upon us

The idea that giant batteries may someday revolutionize electrical grids has long enthralled clean-power advocates and environmentalists. Now it’s attracting bankers with the money to make it happen. Lenders including Investec Plc, Mitsubishi UFJ Financial Group Inc. and Prudential Financial Inc. are looking to finance large-scale energy-storage projects from California to Germany, marking a coming-of-age moment for […]

February 21 2017

Shell and Toyota partner on California fueling stations for hydrogen cars

Royal Dutch Shell Plc will build seven fueling stations for hydrogen cars in California through a partnership with Toyota Motor Corp., laying down their latest bet on the demise of the internal-combustion engine. The stations will nudge the state closer to its goal of having 100 retail sites by 2024 where hydrogen fuel-cell vehicles can […]

February 20 2017

Saudis kick off $50 billion renewable energy plan to cut oil use

Saudi Arabia is kicking off its $50 billion renewable-energy push as the world’s top crude exporter turns to solar and wind power to temper domestic oil use in meeting growing energy demand. Bidders seeking to qualify to build 700 megawatts of wind and solar power plants should submit documents by March 20, and those selected […]

February 20 2017

How EU can limit coal’s life for the cost of a pint of beer

Driving most of Europe’s dirtiest power plants into retirement is probably cheaper than you think. Companies from German utility EON SE to Sweden’s Vattenfall AB are calling for measures including a minimum price on pollution rights to kickstart the European Union’s sputtering carbon market. Such a levy would effectively force all but the most efficient […]

February 19 2017

India’s new solar auction lights the way to Modi’s green targets

Record low Indian solar tariffs tendered at a groundbreaking auction may catalyze green investments and help tip the balance of new power to renewables and away from fossil fuels. Solar power in India fell to a record 3.30 rupees (5 U.S. cents) a kilowatt-hour on Feb. 10 after a World Bank-backed auction helped the central Madhya […]

February 17 2017

The Most-Hated Bear in Solar Isn’t Backing Down

When Elon Musk’s SolarCity hosted stock analysts about a year ago to gush about its prospects in the solar industry, Gordon Johnson was nowhere to be found. It seems that Johnson, a 36-year-old analyst at boutique advisory shop Axiom Capital Management Inc., wasn’t invited. This may not have been an oversight; it happens to him […]

February 15 2017

Einhorn’s Greenlight ends bet on SunEdison’s TerraForms

Greenlight Capital is no longer betting on SunEdison Inc.’s two TerraForm yieldcos, marking the end of another chapter in its bruising wager on the renewable-energy company. The New York-based hedge fund run by David Einhorn unloaded its remaining shares in TerraForm Power Inc. and TerraForm Global Inc. in the fourth quarter, according to data compiled […]

February 15 2017

U.S. solar surged 95% to become largest source of new energy

Solar developers installed a record 14.6 gigawatts in the U.S. last year, almost double the total from 2015 and enough to make photovoltaic panels the largest source of new electric capacity for the first time. Solar panels on rooftops and fields accounted for 39 percent of new generation last year, according to a report Wednesday […]

February 15 2017

Race for home power storage pits British startup against Tesla

A U.K. energy-storage startup is aiming to take on Tesla Inc. in the competition to outfit homes with affordable back-up battery power. Powervault Ltd. is preparing to boost production of its lead- and lithium-ion batteries, said Managing Director Joe Warren. The London-based company is targeting sales of 50,000 units a year by 2020, up from […]

February 14 2017

U.K. lobbies Trump officials to stay in Paris Climate deal

The U.K. government is seeking to convince Donald Trump to support the landmark Paris climate deal, touting the economic benefits of clean energy while steering clear of the debate about climate science, according to a person familiar with the discussions. British government representatives stationed in Washington have been talking to officials in the U.S. president’s […]