During the Cold War, scientists working at the laboratories of the Massachusetts Institute of Technology produced ideas and inventions, such as distant early- warning radar and satellite-tracking systems, designed to help the U.S. prevail over the Soviet Union.
REpower Systems SE, a German unit of India’s biggest wind-turbine maker Suzlon Energy Ltd., will cut as many as 750 jobs to reduce costs and prepare the company for the wind industry’s “volatile” mid-term outlook.
Schaeffler AG, the family-owned industrial bearing maker that’s the biggest investor in Continental AG, is exploring an initial public offering next year in Germany, three people familiar with the matter said.
Azura Power West Africa Ltd., a Nigerian electricity producer, plans to fund at least 70 percent of a $700 million plant in Benin City with debt from local and international markets, Chief Executive Officer David Ladipo said.
More than half the U.S. states with laws requiring utilities to buy renewable energy are considering ways to pare back those mandates after a plunge in natural gas prices brought on by technology that boosted supply.