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China on track in clean energy investment blitz

  Bloomberg China installed almost three times more wind power than the US last year, continu- ing its clean-energy investment blitz to reduce greenhouse gas emissions and increase air quality. China led new global wind-power installations with 23.3 gigawatts, compared with 8.2 gigawatts in second-place US, according to a report published by the Global Wind Energy Council. About 54.6 gigawatts ...

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Saudi Binladin to get $2.7bn extension for Mecca mosque

  Reuters Creditors have agreed in principle to Saudi Binladin Group’s (SBG) request for a two-year extension on a 10 billion riyal ($2.7 billion) Islamic credit facility used to pay for delayed building work at the Grand Mosque in Mecca, sources said. Reuters reported last month that SBG had asked a syndicate of banks for the credit to be extended ...

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Japan makes big push for hydrogen fuelled cells

  Bloomberg Elon Musk may think hydrogen-powered vehicles are rubbish, but Toyota Motor Corp. and a cadre of Japan’s leading manufacturers are betting otherwise — and not just on cars. With the blessing of Prime Minister Shinzo Abe, Toyota is at the forefront of Japan’s efforts to use hydrogen and fuel cells to power cars, heat homes and keep factories ...

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