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California wildfire smoke dims solar power output

Bloomberg The smoke billowing from California’s wildfires is dimming output from solar farms. First Solar Inc., which operates more than two gigawatts of solar farms in the state — that’s equivalent to about two nuclear reactors — has seen production dip at installations near fires, according to spokesman Steve Krum. The slumps in generation have been “very minimal,” he said, ...

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SoftBank to shun Tesla deal as it focuses on other car bets

Bloomberg Speculation about who may or may not finance Tesla Inc. CEO Elon Musk’s audacious plan to take the carmaker private is distracting dealmakers from a normally quiet August spent in the Hamptons or Southern France. As the intrigue enters a second week, with pressure increasing on the billionaire founder to explain how a deal would be funded, one of ...

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WeWork China rival raises $120 million

Bloomberg Beijing MyDreamPlus Technology Co. Ltd. raised $120 million in a funding round led by Hillhouse Capital and General Atlantic as competition in China’s co-working market heats up. The money will be used to fuel expansion as the three-year-old startup targets more than doubling its floor space in the next 12 months. The financing comes just weeks after the Chinese ...

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