Asian stocks advanced, with the regional benchmark gauge ending at a six-week high, as telecommunications companies led gains. Japanese shares rose after the yen weakened and an advisory committee said the world’s largest pension fund doesn’t need a domestic-bond focus.
United Parcel Service Inc. said it will spend $70 million to buy 1,000 delivery trucks powered by propane and build 50 fueling stations as it expands one of the largest private alternative-energy fleets in the U.S.
Tanzania’s energy regulator said it’s considering expressions of interest by two companies to each build a 200-megawatt gas-fired power plant that will help reduce an energy deficit in the East African nation.
Fisker Automotive Holdings Inc. won court approval to sell its assets to China’s Wanxiang Group Corp. for an offer valued at $149.2 million, almost six times what the hybrid-car maker sought when it filed for bankruptcy.
China’s Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy.
Alternative Energy Ltd., a Singaporean developer of energy-saving technologies, won an order to provide engineering, procurement and construction services to PT Mega Urip Pesona solar parks in Indonesia.
Arguments for solar and wind power are so enticing (endless availability, no pollution and so on) that it’s easy to see why the idea of transitioning the world economy to alternative energy over the next 40 years keeps gaining favor.