Energy

Bloomberg Solar tariffs in India remained at record lows in the country’s largest federal auction of 3 gigawatts of projects, according to state-run Solar Energy Corp. of India. Acme Solar Holdings Ltd. won 600 megawatts of projects at the lowest tariff of 2.44 rupees a kilowatt-hour, the record low hit last May and then again in an auction earlier this ...

Bloomberg Britain’s paper on leaving the European Union raised more questions for the energy industry than it answered, setting up the risk that the legal arrangements allowing power and gas to flow across borders could come unraveled and drive up the cost of doing business. The government for the first time raised the possibility of leaving the EU’s single market, ...

Bloomberg The energy industry is one of the safest sectors to be in as US President Donald Trump instigates a global trade war, Husky Energy Inc. Chief Executive Officer Rob Peabody said. Husky has ties to many of the major players in the emerging trade battles. The Calgary-based company controlled by Hong Kong billionaire Li Ka-Shing has a major production ...

Bloomberg Swedish utilities and power generators have already installed so many wind turbines that the Nordic nation is on course to reach its 2030 renewable energy target late this year. By December, Sweden will have 3,681 wind turbines installed, lobby Group Swedish Wind Energy Association estimates. Together with second-half investment decisions, that will be more than enough capacity to meet ...

Bloomberg Madagascar’s state power utility may become profitable by 2020 as the nation builds more solar plants to cut electricity-production costs, Energy Minister Lanto Rasoloelison said. The government is overhauling the state-owned power company, known as Jirama, with World Bank help as it seeks to provide universal electricity access by 2030 in a country where less than one in seven ...

Bloomberg Gulf Arab energy companies retreated from debt markets in the first half of 2018 after a banner year for borrowing as higher oil prices curbed financing needs for existing operations and new projects. Oil and gas producers, pipeline operators and refiners in countries including Kuwait, the United Arab Emirates and Saudi Arabia borrowed $6 billion through loans and bonds ...

Bloomberg The global solar market could do something this year that it’s never done before: shrink. Solar installations in 2018 may total 95 gigawatts, down 3 percent from a year earlier, based on the most conservative of three scenarios modelled by Bloomberg NEF in a report on Monday. For comparison’s sake, the typical nuclear reactor has about a gigawatt of ...

Bloomberg Ethiopia’s nascent energy industry is gathering pace, with a unit of China Poly Group Corp. starting test output of crude oil in a volatile border region and the government estimating initial annual income of $1.2 billion when gas exports begin from the area. Oil and gas income will be a major boost to the landlocked Horn of Africa nation’s ...

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 ...