Energy

Bloomberg The nation’s second-biggest solar region is facing the first real-time test of its systems, with Hurricane Florence threatening the Carolinas with winds well in excess of 100 miles per hour and torrential rains. The Category 4 storm was packing 130 mile-per-hour winds (210 kilometre-per-hour) as of Wednesday, with landfall expected by the weekend. While most newer systems are designed …

Bloomberg Next to a wheat field north of London, banks of solar panels in 35 neat rows are generating electricity without any support from the government. Despite Britain’s reputation for grey skies, the closely-held developer Anesco Ltd. is building the hybrid solar and battery facility in Milton Keynes with its own capital. It’s just one of about 15 photovoltaic projects …

Bloomberg Duke Energy Corp., one of the largest US utility owners, is giving up on building new nuclear plants. For the first time since 2005, the company didn’t include the prospect of adding more reactors to its fleet in long-term plans filed with state regulators. The move comes about a year after Duke cancelled plans to build a nuclear plant …

Bloomberg Orsted A/S unveiled the world’s largest offshore wind farm, an 87-turbine complex in the Irish Sea covering an area more than double the size of Manhattan. The Walney Extension off the coast of northwest England has a generating capacity of 659 megawatts and is capable of powering 590,000 homes, according to Danish company Orsted, the world’s biggest developer of …

Bloomberg Indonesia plans to delay $25 billion worth of power projects as it seeks to rein in a widening current-account deficit and a selloff in the nation’s currency. The government will delay almost half of the planned 35 gigawatts of electricity projects as it wants to ease pressure on imports, Energy and Mineral Resources Minister Ignasius Jonan told reporters in …

Bloomberg The top solar manufacturers in China are boosting production capacity, betting higher output will help them seize a bigger chunk of the global market that is set for its first-ever annual contraction. JinkoSolar Holding Co., which has lost almost half its market value this year, is ramping up cell and panel capacity and targeting higher-quality production, Qian Jing, vice …

Bloomberg Solar battery sales in Germany are poised to boom as prices for the facilities continue to drop and homeowners turn to generate their own electricity to shield against rising power prices, the BSW solar lobby said. Total solar battery installs in Germany exceeded 100,000 units this summer and at the current rate of growth may double by 2020, the …

Bloomberg California isn’t ready yet to give up autonomy when it comes to its electric grid. State lawmakers declined to advance legislation that would have laid the groundwork to connect California’s grid to as many as 13 other states. Under the measure, a multi-state regional authority would have managed the flow of power across the U.S. West, allowing more electricity …

Bloomberg California lawmakers approved a measure mandating that all electricity come from wind, solar and other clean-energy sources by 2045, marking the state’s biggest step yet in the fight against global warming. The state Assembly voted 43-32 in favour of the legislation. It would eliminate the reliance on fossil fuels to power homes, businesses and factories in the world’s fifth-largest …

Bloomberg The charts are saying to sell energy shares. Cornerstone Macro Head of Technical Analysis Carter Worth is recommending an underweight on the best-performing sector in the S&P 500 over the past week and a half. Worth said his call comes from analyzing the chart patterns of each of the stocks that compose the Russell 3000 Energy sector. “What we …