Results for: solar

February 14 2017

OPEC’s top producer is turning to wind and solar power

The nation most identified with its massive oil reserves is turning to wind and solar to generate power at home and help extend the life of its crucial crude franchise. Starting this year, Saudi Arabia plans to develop almost 10 gigawatts of renewable energy by 2023, starting with wind and solar plants in its vast […]

February 13 2017

Governors of red, blue states urge Trump to back wind, solar

A group of governors from both ends of the political spectrum are urging President Donald Trump to support renewable energy, saying the wind and solar industries are crucial economic engines for impoverished rural regions. The Governor’s Wind & Solar Energy Coalition is seeking increased federal funding to modernize local power grids and boost clean energy […]

February 13 2017

U.S. rooftop solar industry’s go-to funding source is a South African bank

A South African bank has become the go-to funding source for the U.S. rooftop solar industry just two years after entering the market. Investec Plc arranged $880 million in debt financing for rooftop solar developers and financiers in 2016. That’s more than half of the $1.5 billion bank debt raised last year, according to Bloomberg New […]

February 10 2017

Zuma gives S. Africa green-power deals go-ahead despite cost

South African President Jacob Zuma said the nation’s power utility must sign agreements to buy clean power from private producers, even as the minister overseeing the state company said details of the already-brokered deals still need to be worked out. Eskom Holdings SOC Ltd., which generates about 90 percent of the country’s electricity, “will sign […]

February 10 2017

After Trump fallout, Uber can’t shake its Elon Musk envy

While Uber got shellacked for its link to President Donald Trump, the electric carmaker and sometimes-rival Tesla Inc. has comfortably weathered its association with a president who has lower approval ratings than any predecessor in his first days in office. Uber Technologies Inc. lost customers and drivers and became the subject of a campaign on […]

February 9 2017

Green technologies get boost from EU’s venture capital funds

Green technologies from rooftop solar to projects that turn waste into electricity are getting a boost from venture capital funds, which raised their investments in clean energy at the fastest pace in nine years in 2016. VC funds funneled $834 million into the clean-energy industry last year, the third consecutive annual increase and the most […]

February 8 2017

ABB warns on uncertain outlook as profit misses estimates

ABB Ltd. warned that global economic uncertainty is clouding the outlook of the Swiss maker of power grids and could slow a burgeoning recovery in orders. “We’ll absolutely sustain the ambition to drive the order momentum going forward,” Chief Executive Officer Ulrich Spiesshofer said on a call with journalists on Wednesday. “What the markets give […]

February 7 2017

London police using fuel-cell scooters to fight crime, emissions

London’s metropolitan police will use hydrogen fuel cells to power scooters in a trial of zero-emissions technology to fight crime and pollution. The fuel cells will be supplied by Intelligent Energy Holdings Plc, according to a statement from the Loughborough, U.K.-based company. Each cell will be able to generate 4 kilowatts of electricity through a […]

February 7 2017

The home of cricket goes into bat against climate change

England’s home of cricket said it’s joining the fight against climate change to avert more damage from severe weather that has already cost millions of pounds and wrecked historic grounds where the sport is played. Marylebone Cricket Club signed an agreement with EDF Energy Plc that shifts its electricity consumption to 100 percent renewable energy, according […]

February 7 2017

How Germany hammers down renewable energy costs: QuickTake Q&A

Germany’s pioneering turn toward clean energy is approaching another milestone with a new round of auctions for wind power expected to push the price of electricity from renewables to record lows. Rules for tenders in the next contest were implemented to bring wind and solar growth under control after capacity outpaced the German grid’s ability […]