Energy

Bloomberg Longi Green Energy Technology Co., a Chinese solar manufacturer, is considering opening a US factory, a decision that may hinge upon the looming threat of import tariffs. Longi began evaluating the move before a US trade case was filed in April seeking tariffs to protect domestic manufacturers, Archie Flores, general manager of the Xian, China-based company’s US unit, said …

Bloomberg The most abundant element may supply almost a fifth of global energy by 2050 and eliminate enough emissions to cancel out all the pollution in the US, according to a group of industrial companies from Royal Dutch Shell Plc to Toyota Motor Corp. Fuel-cell vehicles running on hydrogen, extracted from water using wind and solar power, may be used …

Bloomberg The world’s worst polluter is leading the clean energy revolution, according to the International Energy Agency. China will account for a third of new wind and solar power installations and 40 percent of electric vehicle investments through 2040, the Paris-based agency said on Tuesday in its World Energy Outlook. Meanwhile, the country’s coal use peaked four years ago and …

Bloomberg Solar manufacturers are being battered by higher costs and smaller margins, after an unexpected shortage of a critical raw material. Prices of polysilicon, the main component of photovoltaic cells, spiked as much as 35 percent in the past four months after environmental regulators in China shut down several factories. That’s driving up production costs as panel prices continue to …

Bloomberg Total SA’s billion-dollar deal to buy liquefied natural gas assets from Engie SA shows how much size matters in the industry. After Royal Dutch Shell Plc’s takeover of BG Group Plc last year, industry consultant Wood Mackenzie Ltd. says the latest accord is evidence that the biggest energy companies with access to large volumes of diverse supplies will continue …

Bloomberg The competitiveness of wind energy is taking a toll on profits, according to Vestas Wind Systems A/S, whose share price took the biggest hit in six years after missing analysts’ estimates. Vestas shares sank as much as 21 percent to 416.60 krone in Copenhagen. More than 5 million shares changed hands so far today, about five times more than …

Bloomberg There’s long been a Catch-22 about residential solar: despite staggering market demand, it’s been hard to make money doing it. Until now. Sunrun Inc. said that it’s cash-flow positive. And Blackstone Group LP-backed Vivint Solar Inc. expects to hit that mark next year. Rooftop solar installers have chased growth in recent years, investing revenue into marketing and installations. The …

Bloomberg NRG Energy Inc., the largest US independent power producer, is seeking to borrow about $350 million to build three solar farms in Hawaii it acquired from bankr-upt clean-energy giant SunEdison Inc., according to people familiar with the deal. CIT Group Inc. is leading the deal, according to the people, who asked not to be identified because they’re not authorized …

Bloomberg Tongwei Co. plans to spend 12 billion yuan ($1.8 billion) to build two solar-cell factories that would make the Chin- ese firm the world’s big- gest manufacturer of products that generate electricity from the sun. The company’s Tongwei Solar Energy (Hefei) unit will set up one plant in the eastern city of Hefei and a second in the southwestern …

Abu Dhabi / WAM The Zayed Future Energy Prize, UAE’s international awards for renewable energy and sustainability, brought together global energy leaders and influencers to address urgency of transforming the global energy mix to safeguard energy security, enhance energy access in rural areas and mitigate climate change. The panel was held following extensive deliberations to select the 2018 winners of …