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In a rare eclipse, gas will see its future as solar’s backup

Bloomberg Natural gas is about to get a glimpse of its future role in the US power mix as solar energy’s backup. During the upcoming August 21 eclipse, operators of giant solar fields from California to the Carolinas will cede market share to fast-start natural gas generators as well as hydroelectric plants and other sources to fill the gaps as ...

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Equis Energy seeks binding bids for $4 billion power assets

Bloomberg Equis Energy, the Singapore-based developer of power projects, has asked for binding bids for its $4 billion renewable energy business by late September, people with knowledge of the matter said. A consortium led by I Squared Capital is among suitors chosen to proceed in the bidding for the portfolio of Asia Pacific assets, according to the people. The infrastructure ...

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Indian billionaire Shanghvi offers ‘mea culpa’ post Sun’s loss

Bloomberg The billionaire founder of Sun Pharmaceutical Industries Ltd. pledged that the drugmaker would do better after reporting its first loss in at least 12 years amid regulatory headaches and a weakening market for generic drugs. “The reason why we are suffering is our inability to execute,” Dilip Shanghvi said on a conference call with analysts after the results were ...

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