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Banks sweeten terms for solar business as confidence rises

Bloomberg Interest rates are rising, making debt much more expensive for capital-intensive industries across America. But there’s at least one exception: the solar business. While the cost of borrowing has been increasing since 2016, some banks are taking a smaller cut to win deals from solar developers. Loans of seven years or longer can be obtained for 137.5 basis points ...

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Australia edges towards new energy policy

Bloomberg Australia may agree the final rules of its contentious National Energy Guarantee by August after winning cautious backing from states and territories for a policy the ruling Coalition hopes will end a decade of policy paralysis. Energy ministers from Australia’s six states and two territories signed off on a preliminary deal to back the scheme at a Council of ...

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Indian industry buys Siemens turbines for own wind parks

Bloomberg Siemens Gamesa Renewable Energy SA won 140 megawatts of wind power orders in India from industrial companies building their own parks. Energy-intensive businesses from textile and drug makers to auto companies ordered a total of 70 turbines, the Spanish-German company said. The manufacturers across southern India will link the parks to local grids and tap power as needed. Regional ...

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