Shinzo Abe’s pledge to spur 30 trillion yen ($302 billion) of investment in Japan’s electricity industry opens the way for a surge in clean energy projects at the expense of traditional utilities.
Bloomberg New Energy Finance recognized 10 companies for developing innovative solar, biofuel, power-storage and electricity-management systems.
Bruce Sohn , First Solar Inc. ’s president of operations, may pursue work as chief executive of another solar company when he steps down at the end of this month, an analyst said.
First Solar Inc. , the world’s largest maker of thin-film photovoltaic panels, fell the most in almost four weeks after announcing that its president of operations will leave the company.
Abengoa SA surged the most in six months in Madrid trading after the company won a $1.45 billion loan guarantee from the U.S. government to build a solar-power plant in Arizona.
Feed-in tariffs, incentives that have helped drive renewable energy development in Germany, the U.K. and more than 40 other nations, “distort” markets and there are no plans to use them in Alberta, the Canadian province’s energy minister said.
OCI Co. , a South Korean provider of polysilicon for solar cells, acquired a Chicago-based power developer to increase sales in the growing North American renewable energy market.
Abengoa SA of Spain joined Total SA and Abu Dhabi’s renewable energy company, Masdar, in building the Middle East’s first major solar power plant.
California voters rejected a ballot measure backed by oil refiners that would’ve suspended the state’s global-warming law signed by Governor Arnold Schwarzenegger .
Lanco Infratech Ltd. , set to emerge as India’s biggest builder of solar power plants, said it’s willing to consider overseas acquisitions with the industry poised for consolidation.
"His push to liberalize power markets is a bold attempt to increase competition and bring in new market players."
- Nathaniel Bullard on Jun 05, 2013