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NRG seeks $350mn to build SunEdison farms

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 ...

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China’s Tongwei set to spend $1.8bn on solar-cell factories

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 ...

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Shell to hand over Iraq’s Majnoon oilfield by June ’18

BASRA / Reuters Oil major Royal Dutch Shell has agreed to exit the Majnoon oilfield and hand over its operation to the state-run Basra Oil Co. by the end of June 2018, two oil officials close to the deal said on Wednesday. A letter signed by Iraqi oil minister Jabar Luaibi, dated August 23 and seen by Reuters, gave appr- ...

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