Turkey’s biggest wind farm, financed with a 135 million-euro ($175 million) loan arranged by the European Bank for Reconstruction and Development, started producing power as the nation seeks to curb fossil-fuel imports.
Brazil, the second-biggest producer of hydroelectricity, is seeking to increase the use of fossil fuels after the worst drought in 50 years depleted reservoirs, underscoring a limit to renewable energy.
A unit of Warren Buffett’s MidAmerican Energy Holdings Co. plans to invest $1.9 billion to build additional wind farms in Iowa that would increase its wind generating capacity in the state by about half.
Alstom SA, the world’s third-largest power-equipment maker, cut its profitability forecast after earnings missed analyst estimates amid reduced spending by clients. The stock dropped the most in more than four years.
Denham Capital Management LP, a $7.3 billion U.S. private equity fund focused on mining and energy, has invested $75 million in wind power in Australia, where generation from windmills has become cheaper than coal.
General Electric Co., the U.S. power- equipment supplier, will sell 1.8 billion reais ($895.3 million) of turbines to Bioenergy Geradora de Energia Ltda., a Brazilian company seeking to develop the world’s cheapest wind energy.