Energy

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 …

Bloomberg A deal meant to preserve a key source of financing for wind and solar developers in the Republican tax bill contains some hid-den pitfalls that could undercut its benefit. “If Congress thought they were eliminating the trouble for renewables, they were wrong,” Greg Jenner, a partner at law firm Stoel Rives LLP, said in an email. “It’s a question …

Bloomberg China’s plan to introduce a system to monitor and evaluate the solar-power market will help direct new investments to regions where fewer plants are idle, according to industry researchers. The policy, which targets mostly ground-mounted projects, will provide data on where to avoid and where to invest, so it “will alleviate some idle solar capacity,” said Peng Peng, director …

Bloomberg Solar is about to hit a milestone: Global installations are set to reach 108 gigawatts next year thanks to China, IHS Markit Ltd forecasts show. Strong government support for clean energy in China, the world’s biggest market for solar, will continue to boost demand for panels, the London-based research company said in a report. The country’s hunger for renewables …

Bloomberg Nigeria, Africa’s biggest oil producer, is set to become the first country on the continent to issue a security that raises funds for environmental projects when it launches its green bond on December 18. The government plans to sell 10.7 billion naira ($30 million) and the offer is billed to close on December 20, said Lanre Buluro, director of …

Bloomberg After a six year absence, BP Plc returned to the solar-energy business with a $200 million investment in a British company that develops and maintains photovoltaic farms in Europe. The move marks another step by the largest oil companies into renewable-energy technologies starting to disrupt the energy industry. BP’s rivals such as Royal Dutch Shell Plc and Total SA …

Bloomberg Brazil’s biggest wind company has set its sights on dominating the country’s nascent solar market. CPFL Energias Renovaveis SA has 1 megawatt of solar power in operation now, a pilot project in Sao Paulo State, but has plans to build another 450 megawatts. That’s a lot in a country where there’s only 1,300 megawatts of solar panels running, compared …

Bloomberg Japan’s Solar Frontier K.K. plans to sell solar panels incorporated into roofing and wall materials, taking on Tesla Inc. in building technology that can generate power in the smallest spaces available. Solar Frontier, a wholly owned unit of Showa Shell Sekiyu K.K., is speaking with potential partners and aiming for the second half of 2019 to begin sales, Chief …

Bloomberg First Solar Inc. took the wraps off its long-awaited Series 6 panel, but isn’t turning its back on the workhorse model that’s been sustaining the company. Unexpected demand for its Series 4 product boosted 2017 revenue, especially in the second half, and will help the company earn as much as $2.30 a share in a year when it had …