Energy

Bloomberg China’s solar power sector should strive to cut costs and improve quality, said a top industry group seeking to restore confidence in the world’s largest market as recent policy moves in Beijing straddle producers with shrinking demand and tumbling prices. The industry is moving away from rapid capacity expansions and suppliers should not expect sector to grow every year, ...

Bloomberg American Electric Power’s (AEP) $4.5 billion Wind Catcher project was done in by shaky economics, and may become a teaching moment for other developers planning big clean-energy projects. The company pulled the plug on what would have been the biggest-ever US wind farm. Texas regulators rejected the project because it didn’t offer enough benefits for ratepayers, and Oklahoma came ...

Bloomberg Stem Inc, a US provider of energy-storage systems, arra-nged $152 million in commitments from the Ontario Teachers’ Pension Plan to finance projects in the province. The pension plan also contributed to Stem’s $80 million Series D financing announced in January. Stem said in a statement that it has raised an additional $26 million for the round from investors including ...

Bloomberg Ares Management LLC is preparing to raise an energy and infrastructure investment fund with a $1 billion tar-get, according to people with knowledge of the matter. The investment firm co-founded by Chief Executive Officer Michael Arougheti has held preliminary talks with investors about raising Ares Energy Investors Fund VI, said the people, who asked not to be identified because ...

Bloomberg Anyone following clean energy knew this could be a tough year for solar. Goldman Sachs Group Inc. just put a grim number on how bad. The pace of global installations will contract by 24 percent in 2018, Goldman analysts said in research note. That’s far more dire than 3 percent decline forecast by Bloomberg NEF in the bleakest of ...

Bloomberg The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said it will probe whether uranium imports “threaten to impair” national security. US miners Energy Fuels Inc and Ur-Energy Inc, which requested the probe in January, ...

Bloomberg Dominion Energy Inc is working with JPMorgan Chase & Co to seek buyers for two power plants in Pennsylvania and Rhode Island, according to people familiar with the matter, as it sells assets to pay down debt. The Richmond, Virginia-based company could fetch about $1.5 billion from the sales of its natural-gas-fired Fairless and Manchester Street Power Stations, said ...

Bloomberg More of the world will run on electricity in the future, but most of the power won’t be clean. That’s the key message from the International Energy Agency’s latest report on investment trends released on Tuesday. The Paris-based organisation said that electricity generation attracted more capital than oil and natural gas for the second ye-ar in a row, but ...

Bloomberg Renewable-power contracts fr-om Boralex Inc and Invenergy LLC are among those targeted for cancellation by Ontario Premier Doug Ford, who’s working to terminate or wind down more than 750 contracts in a revamp of the province’s energy policies. The list of contracts in Ford’s crosshairs includes one with the 50-megawatt Otter Creek Wind Farm in western Ontario, which is ...

Bloomberg Ontario Premier Doug Ford vowed to cancel and wind down more than 750 contracts for renewable power projects, making good on a campaign pledge to revamp the province’s energy policies. Terminating the early-stage projects, which the government didn’t identify, would save electricity customers in the Canadian province C$790 million ($600 million), Ford’s energy minister, Greg Rickford, said in a ...