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Solar manufacturers pivot away from US utility projects

  Bloomberg The top two US solar manufacturers are shifting away from the biggest domestic market because utilities aren’t signing as many deals to buy electricity from their giant power plants. SunPower Corp. the No. 2 US panelmaker, said it’s turning its attention to rooftop power, while First Solar Inc., the biggest producer, now expects more of its growth to ...

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Tough times for China’s $15bn energy ambitions

  Bloomberg China’s infrastructure investors have had a tough two weeks, with plugs being pulled on at least $15 billion of potential deals in nuclear power and electricity distribution. Britain and Australia refused to sign off on investments where state-owned Chinese companies were ready to provide much-needed funding. In both cases, the long-term utility programs were halted in the later ...

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Indonesia allows tax amnesty seekers to buy gold, property

Bloomberg For Indonesians seeking to bring back billions of dollars stashed overseas, the government just opened up more avenues to park their funds under a tax amnesty plan. Individuals who sign up to the amnesty will be allowed to invest in assets such as gold, property and infrastructure projects, according to the Finance Ministry. Participants can also move funds between ...

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