Energy

Bloomberg Yingli Green Energy Holding Co., once the world’s biggest solar-panel manufacturer, has been delisted from the New York Stock Exchange as its value has plummeted. Trading was suspended after the exchange told Yingli it failed to maintain an average market capitalisation of at least $50 million for 30 consecutive trading days, the Baoding, China-based company said in a statement. …

Bloomberg Sempra Energy met with activist investors Elliott Management Corp. and Bluescape Resources to try and reach a truce ahead of its analyst conference set for Thursday, according to people familiar with the matter. The two sides met in Washington to discuss whether Sempra would give the activists board seats and consider setting up a committee to weigh options to …

Bloomberg Italy and Germany tied for first place in the worldwide energy-efficiency race, according to a biennial international scorecard released on Tuesday by the American Council for an Energy-Efficient Economy. France, the United Kingdom and Japan followed suit. The United States fell, from 8th in 2016, to 10th in the new ranking of the 25 largest energy-consuming countries in the …

Bloomberg A sparsely populated Chinese province that is home to the headwaters of the Yellow and Yangtze rivers is poised for another clean energy milestone. The northwest Chinese province of Qinghai is aiming to use only electricity generated from renewable sources, including hydroelectric pow-er, to supply its population of nearly 6 million over a nine-day period that started June 20, …

Bloomberg Thousands of wind turbines from Germany to the UK are set to grind to a halt next week, cutting electricity supplies at the same time as the next wave of hot weather arrives. As the warmest second quarter in 30 years draws to a close, next-month power prices in Europe’s biggest economy are already trading at their highest for …

Bloomberg Copperbelt Energy Corp., the Zambian electricity supplier with customers including Glencore Plc’s copper mines, may invest as much as $250 million in solar projects and transmission lines in the neighboring Democratic Republic of Congo, Chief Executive Officer Owen Silavwe said. The amount includes two solar plants to generate 30 megawatts and 50 megawatts respectively, and the company is still …

Bloomberg The Democratic Republic of Congo plans to start work this year on the frequently delayed Inga 3 hydropower project, after receiving a joint bid from two previously competing consortia of investors. One group led by China Three Gorges Corp and another including Actividades de Construccion y Servicios SA of Spain submitted a joint bid on June 6 for the …

Bloomberg President Donald Trump’s tariffs on $50 billion in Chinese imports include duties on components for wind turbines, nuclear reactors and batteries — but they are unlikely to cripple any of those industries. Less than 2 percent of wind turbines installed in the US since 2010 were imported from China, Stephen Munro, an analyst at Bloomberg New Energy Finance, said …

Bloomberg China’s efforts to cool solar power capacity growth will cut electricity generation costs and the industry’s reliance on government subsidies that helped drive record installations last year, the People’s Daily reported. Electricity rates paid to solar developers haven’t fallen in line with photovoltaic panel costs and clean energy developers are owed more than 120 billion yuan ($18.7 billion) in …

Bloomberg Australia’s energy retailers face further government intervention in the market if they don’t move to lower power prices for consumers after a drop in wholesale charges, according to Energy Minister Josh Frydenberg. Wholesale charges have fallen by about 30 percent from last year and that should start to flow to customers, Frydenberg said on Sky News. While the companies …