Energy

Bloomberg China is set to dominate global construction and financing of clean energy after record investment in overseas ventures and takeovers last year. The world’s biggest energy user spent $44 billion on large, international clean energy projects, and mergers and acquisitions in 2017, up almost 38 percent from a year earlier, Cleveland-based Institute for Energy Economics and Financial Analysis said ...

DUBAI / Reuters SOCO International, an oil and gas exploration and production company listed on the London Stock Exchange, said on Monday it was evaluating a merger with Middle East oil and gas firm Kuwait Energy. A merger would provide a way for the Kuwaiti company to go public after it failed last year to complete an IPO of its ...

Bloomberg India, the largest buyer of solar equipment from neighbouring China, is considering a 7.5 percent tax on imported solar panels, according to government officials with knowledge of the situation. Such imports aren’t taxed now, but might be reclassified as motors, which are subject to the tariff, the officials said, asking not to be named until a final decision was ...

Bloomberg Siemens Gamesa Renewable Energy SA is in final negotiations to supply about 700 megawatts of wind turbines for power plants in Brazil, according to people familiar with the talks. The deals are to supply equipment for projects that Voltalia SA, EDP Renovaveis SA, Enel Green Power SpA, and Neoenergia SA are developing in northeast Brazil, according to the people, ...

Bloomberg America’s power grid is starting to show signs of fatigue as the nation grapples with a record-breaking cold snap. Some power plants in New England that have been burning oil are running short on fuel, according to Marcia Blomberg, a spokeswoman for ISO New England Inc., the region’s grid operator. Restrictions governing air emissions are also a factor limiting ...

Bloomberg A little-known New Jersey firm that, as recently as 2011, specialized in renewable energy projects just became the latest to join the blockchain and cryptocurrency craze. The penny stock TGI Solar Power Group Inc. said in a statement that it planned to get involved in the “Blockchain and Crypto hot commodity market.” The news sent TGI’s shares more than ...

BENGHAZI / Reuters Libya’s Arabian Gulf Oil Company (AGOCO) is hoping to resolve power problems by the end of March that are keeping production well below potential, its chairman said. In recent weeks, AGOCO’s production has been fluctuating between around 150,000 and 230,000 barrels per day (bpd), according to an oil source who asked not to be named. Production stood ...

Bloomberg SolarWorld Americas Inc., one of two US solar manufacturers asking President Donald Trump for tariffs on imported panels, says the move could revive a struggling industry. It may also boost the company’s value ahead of a potential sale. The manufacturer, owned by bankrupt German panel maker SolarWorld AG, has already invited more than a dozen suitors to submit non-binding ...

Bloomberg Brazil is expecting to see about 27 billion reais ($8.2 billion) invested into the country’s energy infrastructure over the next six years, the result of an end-of-year flurry of auctions aimed at boosting its electricity capacity. Energy companies won contracts to build about 5,000 kilometers (3,100 miles) of new power lines and more than 4.5 gigawatts of power plants, ...

Bloomberg India’s state-backed Energy Efficiency Services Ltd. is delaying its initial share sale on expectatio- ns that an increase in its revenue will make the offering more attractive to investors. EESL, which is tasked with helping the nation reduce emissions, initially planned to launch its initial public offering as soon as the fourth quarter. It has now pushed back the ...