Weekly News: 19 October 2012
India News
India’s 39% Plunge in Wind Installations May Spur Mergers
Wind-turbine suppliers in India may be forced to consolidate amid increasing competition after a policy vacuum prompted a 39 percent plunge in installations in the first half of the financial year. read more...
Punjab Biomass Plans 96 Megawatts of Capacity by 2017
Suzlon Energy Ltd., the wind turbine-maker that will seek a four-month delay on bond repayments today, is behind on funding a Dutch supplier as a cash crunch hampers its ability to carry out orders.
read more...
Global News
U.S. China Carbon Debut Defies Emission Doubters
China’s first steps to build what is destined to be the world’s second-biggest emissions market are boosting the prospects for fledgling programs from Australia to California.
read more...
Chinese Company May Still Pursue A123 After Bankruptcy
The Chinese auto-parts maker that previously bailed out A123 Systems Inc. (AONE), the U.S. electric-car battery maker that filed for bankruptcy protection this week, said it’s still interested in taking over the company.
read more...
Carbon Offsets Tumble as EU Said to Eye Russian Credits Ban
United Nations carbon offset contracts slumped to records after the European Union proposed to ban from its market certain credits issued from next year by countries that fail to adopt new carbon goals.
read more..
Bloomberg New Energy Finance Podcasts
Developers bet the sun will still shine even without subsidies
BNEF carbon analyst Siobhan Wagner looks at the future of feed-in tariffs in Germany, and big solar projects potentially on the horizon in Spain.
read more...
White Papers
Are companies under-investing in energy efficiency?
World clean energy investment heading for a drop in 2012, after mediocre Q3 Angus Mccrone, Bloomberg New Energy Finance.
Weekly News: 12 October 2012
India News
First Solar Partners with Kiran Energy and Mahindra Solar One on 50 MW of PV Projects in Rajasthan
First Solar, Inc., Kiran Energy Solar Power Pvt. Ltd. and Mahindra Solar One Pvt. Ltd. have completed an agreement for the supply of First Solar’s advanced, thin-film solar modules for two solar photovoltaic(PV) power plants totalling 50 megawatts to be constructed in India’s Rajasthan state. read more...
Suzlon Seeks Debt Extension as Dutch Supplier Claims Dues
Suzlon Energy Ltd., the wind turbine-maker that will seek a four-month delay on bond repayments today, is behind on funding a Dutch supplier as a cash crunch hampers its ability to carry out orders.
read more...
Suzlon Energy Plans India’s Biggest Convertible Bond Default
Suzlon Energy Ltd., India’s biggest wind turbine maker, will fail to repay $209 million of debt due today in the nation’s largest convertible bond default. Its 2016 note slumped to a record.
read more...
Global News
U.S. Electric Grid Gets Regulatory Jolt Into 21st Century
This week, the Federal Energy Regulatory Commission will begin enforcing Order 1000. Understandably, most readers probably won’t want to inquire further.
read more...
BYD Vice President Yang Resigns From Chinese Automaker
BYD Co., the Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc., said Yang Longzhong, a vice president, resigned due to unspecified personal reasons and changes in the structure at the company.
read more...
Solar Silicon to Bottom as China Halts Factory Expansion
Polysilicon, the raw material used by the $38 billion a year solar industry, is forecast to bottom near a record low next year after the leading manufacturers in China and South Korea halted factory expansions.
read more..
Bloomberg New Energy Finance Podcasts
Electric Vehicles and solar drive into US political spotlight
BNEF policy editor VandanaGombar looks at the electric vehicle market in the US, and the "USD 90bn" support extended by the Obama administration to clean energy companies.
read more...
White Papers
Global trends in clean energy investment - Q3 2012 fact pack
World clean energy investment heading for a drop in 2012, after mediocre Q3Angus Mccrone, Bloomberg New Energy Finance
Weekly News: 5 October 2012
India News
Vestas Says Ex-CFO Involved in Unauthorized India Deals
Vestas Wind Systems A/S, the world’s largest wind-turbine company, said a former chief financial officer was involved in two unauthorized deals in India that may cost the company as much as 18 million euros ($23 million).
read more...
Global News
UN Climate Pact May Skirt Emissions Cuts for Poorest Nations
United Nations envoys are discussing ways to limit climate-damaging pollution while avoiding mandatory cuts for developing nations, Brazil’s delegate to the talks said.
read more...
Sumitomo Sees ‘Solar Bubble’ as Japan Rejects Nuclear: Energy
As Goldman Sachs Group Inc. and billionaire Masayoshi Son lead a swarm of investors exploiting Japan’s solar power subsidies, the world’s biggest, Sumitomo Corp. is betting on wind.
read more...
Spain Adds $32 Billion Power-System Bailout to Bank Rescue
After Spain’s rescue of its banks and cash-strapped regions, the 2013 budget reveals a bailout of the power industry to cover 25 billion euros ($32 billion) of debt accumulated by the electricity system.
read more..
Chinese-Owned Company Sues Obama Over Barred Wind Farm Project
A Chinese-owned company sued President Barack Obama for barring its Oregon wind-farm project as a national security risk, claiming the order violates its constitutional rights.
read more...
Bloomberg New Energy Finance Podcasts
Solar sun rising on new markets in Africa and Asia
BNEF policy analyst NicoTyabji looks at a week of solar, solar everywhere, with news radiating from both the solar thermal and PV sectors, much of it in Africa and Asia.
read more...
White Papers
BNEF Chief Executive Michael Liebreich VIP Comment: water may top the case for renewables
Weekly News: 28 September 2012
India News
Veer Energy Buys New Millennium Solar Panels for India Project
Veer Energy & Infrastructure Ltd., a Mumbai-based wind-power developer, bought solar panels for its first project in India from U.S.-based New Millennium Solar Equipment Corp.
read more...
India Renewable Energy Credit Demand Slumps in September
Demand for renewable-energy credits in India declined this month because of a supply glut and concern regulators may not enforce clean-energy targets on utilities.
read more...
Andhra Pradesh’s First Solar Policy Cuts Taxes, Waives Fees
India’s Andhra Pradesh state introduced its first solar-energy policy, offering tax benefits to projects and exemptions from power-transmission fees as the local government seeks investment to curb electricity shortages.read more...
Suzlon Sues Edison Unit Over Payment for Turbines to Big Sky
Suzlon Energy Ltd., the Indian wind-turbine maker seeking an extension on debt repayments, has filed a lawsuit against a unit of Edison International (EIX) claiming its improperly refusing to make a pre-payment for turbines supplied to a U.S. wind farm.
read more...
Global News
Obama blocks Chinese purchase of US wind farms
Citing national security risks, President Barack Obama on Friday blocked a Chinese company from owning four wind farm projects in northern Oregon near a Navy base where the U.S. military flies unmanned drones and electronic-warfare planes on training missions.
read more...
Tesla Rises After Expanding Stock Offering
Tesla Motors Inc., the electric-car maker led by Elon Musk, gained 2.8 percent after expanding a stock offering.
read more...
Real Asset Energy Fund to Raise 500 Million Euros for Renewables
The Real Asset Energy Fund, a Luxembourg-based renewables fund, plans to raise as much as 500 million euros ($646 million) by June to invest in at least 30 plants as solar and wind farms are added from Italy to the U.S.
read more...
Bloomberg New Energy Finance Podcasts
Europe skirmishes with America on airline emissions, and with China on solar
BNEF policy analyst NicoTyabji looks at a week of friction for the EU, as it was embroiled in a trial of strength with the US over airline emissions and a row with China over trade in PV modules.
read more...
White Papers
Leading the Energy Transition: Bringing Carbon Capture & Storage to Market
“Leading the Energy Transition: Bringing Carbon Capture and Storage to Market” is the first in a series of reports to be undertaken by the SBC Energy Institute on the energy transition in collaboration with Bloomberg New Energy Finance. It highlights the status of current technologies, identifies needs in research and development, analyses the situation of demonstration and deployment projects, and gives perspectives on the future of both concerned technologies and CCS projects.
Weekly News: 21 September 2012
India News
Suzlon Seeks 4-Month Extension on $221M Bond Repayments
Suzlon Energy Ltd., the Indian wind turbine maker that’s posted losses for three years, said it asked bondholders for a four-month extension on redemptions of $220.8 million of notes due next month.
read more...
India Most Vulnerable G-20 Nation to Water Stress: HSBC
India, the second-biggest producer of rice, wheat and sugar, is the most vulnerable among the world’s leading industrial and emerging economies to future water stress, according to HSBC Holdings Plc.
read more...
Bank of India to Finance Solar-Power Systems to Curb Blackouts
Bank of India plans to offer loans to homes and businesses for solar-power systems as the country seeks to avoid a repeat of the July blackout that affected half the nation’s 1.2 billion people.
read more...
Finland’s Chempolis in Talks for Biorefinery Plant in India
Finland’s Chempolis Ltd. is in talks with Indian sugar companies to set up a biorefinery in the South Asia nation.
read more...
Global News
International Renewables Agency Hires Masdar Power Head Wouters
The International Renewable Energy Agency appointed as deputy director general Frank Wouters, formerly head of the power unit at Abu Dhabi’s government-owned low-emissions project Masdar.
read more...
Republican-Led House Passes Bill to Block Energy Loans
The U.S. House passed legislation to end an energy loan-guarantee program, the culmination of a Republican-led investigation into the collapse of solar-panel maker Solyndra LLC last year.
read more...
Sparx Enters Renewable Business Building Mega-Solar Power Plant
Sparx Group Co. will build a mega- solar power plant in southern Japan as it expands beyond fund management to meet rising demand for renewable energy after the March 2011 nuclear disaster.
read more...
Bloomberg New Energy Finance Podcasts
Japan to disengage from nuclear to embrace renewable energy
BNEF policy editor VandanaGombar talks about renewable energy investments in Japan as it opts for zero-nuclear in its power mix, and also looks at some of the largest corporate users of renewable energy globally.
read more...
White Papers
Global Corporate Renewable Energy Index (CREX) 2012
Companies are increasingly becoming important drivers of demand for renewable energy worldwide. In addition to government mandated renewable energy purchases, which are usually well-tracked for legal compliance reasons, the voluntary demand for renewable energy results in significant investments in green energy worldwide.Now in its third year, the Corporate Renewable Energy Index (CREX) brings transparency to these voluntary markets.
read more...
Weekly News: 14 September 2012
IFC May Lend $19 Million to India's NSL for Wind Project
International Finance Corp., the World Bank’s private-sector financing arm, may provide a $19 million loan to India’s NSL Group for a wind farm in the western state of Maharashtra.
read more...
Suzlon Plans First Global Wind Bond Since 2011: India Credit
Suzlon Energy Ltd. (SUEL) plans the first international bond offering among wind-turbine makers in more than a year, testing investor appetite as the industry struggles with a supply glut and dwindling government support.
read more...
India May Auction 1 Gigawatt to Double Solar Capacity
India may auction a third of the solar projects planned by 2017 in the current financial year to double the nation’s sun-powered capacity as it seeks additional clean-energy investments to combat power shortages.
read more...
Nereus Capital Raises IFC Investment for India Projects
The World Bank’s International Finance Corp. unit has agreed to invest in a fund managed by Nereus Capital Management LLC that’s targeting clean-energy companies in India.
read more...
Solar Panel Maker Doubles Output as Prices Drop: Corporate India
Surana Ventures Ltd. (SURA), an Indian maker of solar panels, is planning to double production after oversupply from Chinese manufacturers pushed prices down by almost 34 percent in the past year.
read more...
Listen to Podcast
White Papers by Michael Liebreich, Chief Executive
Bloomberg New Energy Finance
Powered by Bloomberg New Energy Finance