Energy

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 …

Bloomberg First Solar Inc. is poised to take the wraps off the Series 6 panel on Tuesday, a long-awaited product rollout that has huge implications for the biggest US solar manufacturer. It’s not a stretch to say that Tempe, Arizona-based First Solar has bet its future on the success of this product. As solar panels get cheaper and cheaper, and …

Bloomberg Cape Wind, the offshore wind project off the coast of Massachusetts that drew the ire of the Kennedy and Koch families, is officially dead. Energy Management Inc. has ceased efforts to build what was once expected to become the first offshore wind farm in the US, according to an emailed statement from Chief Executive Officer Jim Gordon. The project’s …

Bloomberg Afghanistan will build its first 20-megawatt solar power plant in a bid to meet rising energy demand in a country that imports most of its electricity. The project in the capital will be funded by the Asian Development Bank, which is providing $45 million, according to a statement emailed. It will be built in the Naghlu area of Kabul’s …

Bloomberg Gulf Energy Development Pcl’s billionaire founder Sarath Ratanavadi plans 150 billion baht ($4.6 billion) of investment in power plants over the next four years after the company’s listing this month. The initial public offering’s proceeds will help fund some of the outlay, with the rest coming from loans, Sarath, the company’s chief executive officer, said in an interview in …

Bloomberg The world’s biggest miner and Wall Street’s top-ranked merger firm are among the high-profile backers of a remote solar project nestled among banana crops in Australia’s far tropical northeast. For BHP Billiton Ltd., it’s a chance to unlock renewable technology for the global mining sector. As mining companies grapple with energy costs and seek to curb emissions, Melbourne-based BHP …

Bloomberg Australia’s proposed National Energy Guarantee program could slash investment in large-scale wind and solar projects if the government fails to boost its 2030 emissions-reduction target, according to a report from Bloomberg New Energy Finance. Prime Minister Malcolm Turnbull government’s goal of redu- cing emissions by 28 percent by 2030 only requires an additional 1.5 gigawatts of new large-scale renewables, …

Bloomberg In a bid to exceed Prime Minister Narendra Modi’s climate pledges, India announced that it will tender enough renewable energy projects over the next three years to surpass 200 gigawatts of green capacity build by 2022. India declared a three-year program towards tenders for renewable energy projects that will meet its original target of 175 gigawatts of clean-energy capacity …

ABU DHABI / WAM A recent report issued by the Statistics Centre — Abu Dhabi (SCAD) revealed that the production of electricity from solar energy in the emirate of Abu Dhabi reached 280,085 MW per hour, a growth of 6.1 percent compared to 2015. The Abu Dhabi government has given considerable attention to renewable energy as part of its efforts …

Bloomberg China, the world’s biggest carbon emitter, is poised to install a record amount of solar-power capacity this year, prompting researchers to boost forecasts as much as 80 percent. About 54 gigawatts will be put in place this year, Bloomberg New Energy Finance said, raising a forecast of more than 30 gigawatts made in July. That amount of additional capacity …