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Bloomberg India must stop building coal infrastructure and focus on renewable power generation to aid the global fight against climate change and lift its citizens out of poverty, United Nations Secretary-General Antonio Guterres said. The nation, the biggest coal consumer after China, must invest in a “clean, green transition” as it recovers from the Covid-19 pandemic, Guterres said at an …

Bloomberg Hydrogen made from renewable power will be competing on price with producing the gas from fossil fuels within two decades, according to analysis by research firm Wood Mackenzie Ltd. The cost of green hydrogen will drop 64% by 2040, the researchers said. Hydrogen is seen as key to cutting global greenhouse gases as it could eliminate the use of …

Bloomberg Octopus Energy Ltd, the clean energy provider, plans to add millions of new customers this decade on a pace that could soon make it the UK’s largest energy supplier. Octopus Energy hopes to reach about 5 million households in the UK by 2025, according to Chief Executive Officer Greg Jackson, up from about 1.6 million today. The British energy …

Bloomberg Royal Dutch Shell Plc said it’s considering a sale of a Norwegian natural gas supplier, as the energy major continues to selectively dispose of assets. The company is exploring a disposal of its Gasnor unit, a spokesperson confirmed in response to Bloomberg queries. Shell has approached infrastructure funds and private equity firms about a deal, people with knowledge of …

Bloomberg US oil exports to China are set to reach a record next month in a sign that Beijing is stepping up purchases to meet its commitments under a landmark trade deal. About 19 tankers have signed provisional bookings to load American crude for China in September, according to shipping fixtures, which are subject to change. If all of them …

Bloomberg A giant wind farm being developed off the coast of the UK will sell some of its power to energy trader Danske Commodities A/S. Under the 15-year deal, the subsidiary of Equinor ASA will trade and balance power from 480 megawatts of the Dogger Bank wind farm, about 13% of its capacity. It’s a key step as the developers …

Bloomberg Tongwei Co halted output at a polysilicon factory in southwest China because of flooding, the latest blow to the solar supply chain that has seen rare cost increases this summer due to disruptions. Tongwei, the world’s No. 3 polysilicon producer last year, said it isn’t clear when the Sichuan province plant will restart, and didn’t say whether it sustained …

Bloomberg The US West Coast is set to have its hottest two weeks in 70 years, putting even more strain on power grids after California imposed rolling blackouts for the first time since 2001. Excessive heat warnings and watches stretch from the Pacific Coast inland to Montana, Utah and Arizona, according to the National Weather Service. Sacramento is forecast to …

Bloomberg Wind and solar energy doubled its share of the global power mix over the last five years, moving the world closer to a path that would limit the worst effects of global warming. The sources of renewable energy made up nearly 10% of power in most parts of the world in the first half of this year, according to …

Bloomberg Brookfield Asset Management Inc’s infrastructure arm is in talks to acquire Blackstone Group Inc’s minority stake in liquefied natural gas terminal operator Cheniere Energy Partners LP, according to people familiar with the matter. The alternative asset manager is working with a partner to acquire Blackstone’s interest, said the people, who asked to not be identified because the matter isn’t …