Bloomberg India’s coal-fired power plants in August ran at a three-year high amid shortages created by lower generation from hydropower and nuclear. Plant utilization at coal-fired stations rose to 58% last month, compared with 51.6% a year ago, power ministry data released this week show. That’s the highest rate for August since 2014, according to data compiled by Bloomberg. Lower …

Bloomberg Imposing tariffs on solar components imported into the US will drive up prices for solar developers. It could also cost U.S. taxpayers as much as $1.23 billion. The US offers incentives to encourage people to use clean energy, paying owners of solar-power systems a tax credit equal to 30 percent of the total installation costs. More expensive panels leads …

Bloomberg Saudi Arabia’s sovereign wealth fund is setting up a company to invest in local entertainment, as the kingdom tentatively opens up and pursues a long-term strategy to reduce its reliance on oil. The company will have an initial capitalization of 10 billion riyals ($2.7 billion) and “act as its investment arm in Saudi Arabia’s growing entertainment sector,” the Public …