DUBAI / Reuters International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a $653 million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world. Generating up to 752 mega-watts of solar power, the Nubian Suns Feed-in-Tariff ...

Bloomberg Even for wind farms, middle age is a time for nips, tucks and sometimes replacement surgery. At least 600 megawatts of US wind farms have already undergone significant upgrades, primarily in California, and NextEra Energy Inc., the largest producer of North American wind power, said it expects to invest as much as $3 billion to upgrade or replace aging ...

Bloomberg After years of being sidelined by New Jersey Governor Chris Christie, wind farm developers are dusting off plans for massive offshore turbines that may someday generate more electricity than a nuclear reactor. Christie, a Republican whose term ends in January, effectively blocked wind farms off his state’s coast by never fully implementing a program that would subsidize the projects. ...

Bloomberg China’s push for better air quality is proving a bonanza for global steelmakers. Nippon Steel & Sumitomo Metal Corp., Japan’s biggest producer, enjoyed a nine-fold surge in first-half profit as China’s crackdown on pollution and bloated industrial capacity lifted prices to the highest level in more than five years. Posco, the largest Korean mill, said it expected to reap ...

Bloomberg Nissan Motor Co. conducted vehicle inspections that don’t comply with Japanese regulations for almost four decades, raising questions about the company’s internal controls. The company’s manufacturing division likely will take responsibility for the process, according to a person familiar with the situation who asked not to be identified because the information isn’t public. The regimen, which the government deemed ...

Bloomberg Singaporeans on the verge of retiring are prepared to keep working for longer than those that came before them. Men aged 55 to 59 had far greater expectations to work full-time past 65 and 70 than employees currently are, while women had higher such projections beyond 62, 65, and 70, according to the latest survey by the Singapore Management ...

Bloomberg The European Union says it has plenty on its to-do list besides managing Brexit. That could prove to be good news for Prime Minister Theresa May as she seeks a smooth UK departure from the bloc in March 2019. The European Parliament, which has veto power over any Brexit agreement, is gearing up for elections in mid-2019 as a ...

Bloomberg The National Highway Traffic Safety Administration is considering eliminating regulations that currently block self-driving vehicles designed without steering wheels, brake pedals or other driver controls from hitting the road. The agency, in a document posted online, said it will soon ask automakers and technology companies to identify “any unnecessary regulatory barriers to automated safety technologies.” The move is an ...

Bloomberg Facebook Inc. said it will start disclosing more about political ads, bringing the social network’s rules closer to what’s required of traditional mediums like television. Facebook is making the move just days before general counsel Colin Stretch is among the technology company executives set to appear in front of congressional committees looking into Russian ad spending on social media ...

Bloomberg Facebook Inc., Twitter Inc. and Alphabet Inc.’s Google have agreed to send representatives to a third congressional hearing next week following revelations that Russians exploited their networks during last year’s elections. Those scheduled to testify before a Senate Judiciary subcommittee on October 31 will be: Colin Stretch, general counsel of Facebook; Sean Edgett, acting general counsel of Twitter; and ...