Bloomberg Saudi Arabia’s sovereign wealth fund raised an $11 billion loan, marking its first-ever borrowing. The loan was larger than initially planned due to strong interest from banks and establishes a core banking group for the Public Investment Fund to work with on future deals, the fund said. “This is the first step in incorporating loans and debt instruments into ...

Bloomberg New Jersey is taking a step closer to erecting wind turbines off the coast of some of its most storied beaches. State regulators are about to consider Governor Phil Murphy’s proposed solicitation for 1.1 gigawatts of offshore-wind farms. The process was expected to begin on September 17, subject to approval by the state’s Board of Public Utilities, Murphy said ...

Bloomberg More than half of South Africa’s core coal plants are running low on fuel, with at least four holding less than 10 days of supply, and the country’s power utility plans on trucking and railing emergency stocks as far as 400 kilometres (249 miles). State-owned Eskom Holdings SOC Ltd. has 15 around-the-clock baseload coal stations throughout the nation, nine ...