LONDON (Reuters) – As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag for some investors. Ten years ago, the world’s top energy comp... More »
MILAN/FRANKFURT (Reuters) – When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The control room, which runs a fleet of hydroelectric plants across the Piedmont region, hard hit by the pandemic, had to be secured to k... More »
LONDON (Reuters) – BP (BP.L) will need to invest tens of billions of dollars over the next decade and may have to accept lower returns than it can get from oil if it is to meet its target of becoming one of the world’s largest renewable power generators. The B... More »
LONDON (Reuters) – The United States has overtaken China as the most attractive country in the world for renewables investment and the global clean energy sector is expected to bounce back quickly despite the coronavirus pandemic, research showed on Tuesday. I... More »
WASHINGTON (Reuters) – A federal judge in Montana on Monday upheld his ruling last month that canceled an environmental permit for the long-delayed Keystone XL oil pipeline and threatened other oil and natural gas pipeline projects with delays. Chief U.S. Dist... More »
LONDON (Reuters) – Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world.... More »
MELBOURNE (Reuters) – BP Plc has won Australian government backing for a feasibility study into producing hydrogen using wind and solar power to split water and converting the hydrogen to ammonia in Western Australia. The Australian Renewable Energy Agency sai... More »
BERLIN (Reuters) – U.S. electric car pioneer Tesla (TSLA.O) has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday. The U.S. carmaker last November announced pl... More »
ALEXANDRIA, Va. (Reuters) – Democratic presidential candidate Michael Bloomberg on Friday unveiled a climate plan to slash U.S. carbon emissions by 50% in ten years, by slapping tougher pollution standards on new gas-fired power plants and replacing coal with ... More »
FRANKFURT (Reuters) – Morgan Stanley Infrastructure Partners’ (MS.N) offer for PNE (PNEGn.DE) which values the German renewable firm at 306 million euros ($337 million) is too low, small shareholders group SdK said on Tuesday. The 4.00 euro per share bid runs ... More »
LONDON (Reuters) – Royal Dutch Shell (RDSa.L) still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an inte... More »
SINGAPORE (Reuters) – Royal Dutch Shell is launching electric vehicle chargers at petrol stations in Singapore, its first such foray in Southeast Asia, the company said on Monday. The electric vehicle charging service, ‘Shell Recharge’, will be available at 10... More »
SINGAPORE (Reuters) – Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday. Total capital expenditure in renewables will rise above $30 billion in the region ... More »
(Reuters) – A committee in Ohio’s House of Representatives voted along party lines to approve a bill to save the state’s two nuclear power reactors from retirement and provide some financial support for a couple of ailing coal plants. Republicans in the House ... More »
BEIJING (Reuters) – Brazil’s agriculture minister will ask Chinese officials on Thursday to greenlight exports to the Asian nation of sugar made from genetically modified (GM) sugarcane, which is expected to be widely used in Brazil in coming years. Minister T... More »
WASHINGTON/LOS ANGELES (Reuters) – U.S. solar and wind power companies may have the most to gain from the Green New Deal, an ambitious proposal backed by several Democratic presidential candidates to end U.S. fossil fuel consumption within a decade. But do not... More »
BOSTON (Reuters) – Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling prices for renewable energy have already mad... More »
LONDON (Reuters) – Saudi Aramco’s chief executive said on Tuesday the oil industry is facing “a crisis of perception” and the views of some observers that the end of oil is near with the rise of electric vehicles are illogical and not based on fact. Amin Nasse... More »
ABU DHABI (Reuters) – ACWA Power is considering supporting the manufacturing of solar panels in Saudi Arabia, its chief executive said, as the power and water plants developer seeks to facilitate Saudi Arabia’s plans to develop its renewable power industry. Sa... More »
BEIJING (Reuters) – China’s State Grid Corp [STGRD.UL] will invest 38.7 billion yuan ($5.66 billion) to build five pumped hydro storage plants across the country, in an effort to ease the stranded power system amid Beijing’s push to boost clean energy consumpt... More »
OSLO (Reuters) – Shareholders in Norway’s largest company, Statoil (STL.OL), will approve on Tuesday the board’s proposal to drop “oil” from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels’ impact on climat... More »
SYDNEY (Reuters) – When National Australia Bank launched the country’s first ever “green” mortgage bond last week, it kept its expectations for demand in check with price guidance at a similar level to a non-green bond it was also selling. Global interest in s... More »
People take pictures of a high-efficiency petrol-burning concept car as it is unveiled by Royal Dutch Shell during a ceremony in Beijing, China April 22, 2016. REUTERS/Damir Sagolj LONDON (Reuters) – Royal Dutch Shell (RDSa.L) has spent over $400 million on a ... More »
A worker walks among solar panels at a floating solar plant developed in Huainan, Anhui province, China December 11, 2017. Picture taken December 11, 2017. REUTERS/Stringer FRANKFURT (Reuters) – SMA Solar (S92G.DE), Germany’s largest solar group, expects the i... More »
FILE PHOTO – Tesla’s electric car, Powerwall and solar roof are shown by Tesla Motors Inc Chief Executive Elon Musk, unveiling new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity... More »
The World Solar Challenge began on Sunday with 42 solar cars crossing Australia's tropical north to its southern shores, a grueling 3,000 km (1,864 mile) race through the outback. More »
A fractured U.S. solar industry will present differing proposals on Tuesday to a government commission considering measures to prop up domestic solar panel makers, who say cheap imports have left them on the verge of collapse. More »
China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles, slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply. More »
The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy. More »
South Australian Premier Jay Weatherill (R) listens to Tesla Chief Executive Officer Elon Musk speak during an official ceremony in Adelaide, Australia, July 7, 2017 to announce that Tesla will install the world’s largest grid-scale battery in the South Austra... More »
Environmental Protection Agency Administrator Scott Pruitt testifies before a Senate Appropriations Subcommittee on Capitol Hill in Washington, U.S., June 27, 2017. REUTERS/Aaron P. Bernstein The U.S. government on Wednesday proposed to reduce the volume of bi... More »
FILE PHOTO: A Volvo logo is pictured on the stand during the 87th International Motor Show at Palexpo in Geneva, Switzerland, March 7, 2017. REUTERS/Denis Balibouse/File Photo Geely-owned Volvo Car Group said on Wednesday all new models launched from 2019 will... More »
FILE PHOTO – Solar panels are seen in front of a natural gas power plant at the Tahoe-Reno Industrial Center in McCarran, Nevada, U.S. on September 16, 2014. REUTERS/Max Whittaker/File Photo U.S. solar companies Tesla Inc (TSLA.O) and Sunrun Inc (RUN.O) on Mon... More »
FILE PHOTO – A drop of water falls from a melting piece of ice on Argentina’s Perito Moreno glacier near the city of El Calafate, in the Patagonian province of Santa Cruz, December 16, 2009. REUTERS/Marcos Brindicci Researchers from Harvard University, Princet... More »
A worker rides a bicycle past a Honda auto parts manufacturing plant in Foshan, Guangdong province, China June 2, 2010. REUTERS/Stringer Japan’s Honda Motor Co will launch an all-electric battery car in China next year as demand for plug-in electric vehicles (... More »
FILE PHOTO: Tesla Chief Executive, Elon Musk enters the lobby of Trump Tower in Manhattan, New York, U.S., January 6, 2017. REUTERS/Shannon Stapleton/File Photo Tesla Inc boss Elon Musk on Friday offered to save Australia’s most renewable-energy dependent stat... More »
FILE PHOTO – Pump jacks drill for oil in the Monterey Shale, California, U.S. on April 29, 2013. REUTERS/Lucy Nicholson/File Photo U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgen... More »
Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid A government watchdog group, Public Citizen, said on Wednesday it has asked lawmakers to investigate ... More »
Mercedes introduces the 2017 Smart electric car at the 2016 Los Angeles Auto Show in Los Angeles, California, U.S November 16, 2016. REUTERS/Lucy Nicholson Daimler (DAIGn.DE) will stop selling combustion engine Smart cars in the United States and Canada and fo... More »
U.S. President-elect Donald Trump gestures from the front door at the main clubhouse at Trump National Golf Club in Bedminster, New Jersey, U.S., November 20, 2016. REUTERS/Mike Segar The Obama administration signed its final plan for renewable fuel use in the... More »
Dieter Zetsche, CEO of Daimler and Head of Mercedes-Benz, gives a speech during the Handelsblatt Automotive Summit 2016 in Munich, southern Germany, November 9, 2016. REUTERS/Michael Dalder The chairman of Germany’s largest luxury carmaker, Daimler-Benz, brave... More »
U.S. President-elect Donald Trump speaks at election night rally in Manhattan, New York, U.S., November 9, 2016. REUTERS/Mike Segar/File Photo President-elect Donald Trump is seeking quick ways to withdraw the United States from a global accord to combat clima... More »
A man looks around Tesla Motors’ Model S P85 at its showroom in Beijing January 29, 2014. REUTERS/Kim Kyung-Hoon/File Photo Elon Musk’s Tesla Motors said it would collaborate with Japan’s Panasonic Corp to manufacture solar cells and modules in New York. More »
The John Amos coal-fired power plant is seen behind a home in Poca, West Virginia May 18, 2014. REUTERS/Robert Galbraith/File Photo The 27 states challenging Obama’s Clean Power Plan in court say the lower emissions levels it would impose are an undue burden. ... More »
Solar panels are shown on top of a Multifamily Affordable Solar Housing-funded (MASH) housing complex in National City, California, U.S. on November 19, 2015. REUTERS/Mike Blake/File Photo U.S. solar installations rose 43 percent in the second quarter, accordi... More »
ABU DHABI A solar-powered aircraft successfully completed the first fuel-free flight around the world on Tuesday, returning to Abu Dhabi after an epic 16-month voyage that demonstrated the potential of renewable energy. The plane, Solar Impulse 2, touched down... More »
CAIRO An airplane powered by energy from the sun arrived on Wednesday in Egypt, the penultimate stop on the first fuel-free flight around the globe. Solar Impulse 2, a spindly single-seat plane, flew over the Pyramids to make a smooth landing at Cairo airport ... More »
SEVILLE, Spain An airplane powered solely by energy from the sun took off from southern Spain early on Monday on the penultimate leg of the first ever fuel-free round-the-world flight. The single-seat Solar Impulse 2 lifted off from Seville at 0420 GMT (12:20 ... More »
SEVILLE, Spain An airplane powered solely by the sun landed safely in Seville in Spain early on Thursday after an almost three-day flight across the Atlantic from New York in one of the longest legs of the first ever fuel-less flight around the world. The sing... More »
NEW YORK An airplane powered solely by energy from the sun headed across the Atlantic early on Monday, on one of the longest legs of the first-ever flight around the globe without using a drop of fuel. The spindly, single-seat Solar Impulse 2 left John F. Kenn... More »
LOS ANGELES A solar-powered airplane midway through a historic bid to circle the globe completed the 10th leg of its journey on Monday, landing in Arizona after a 16-hour flight from California, the project team said. The Swiss team flying the aircraft in a ca... More »
At an early 2015 investor conference, SunEdison’s then-chief financial officer, Brian Wuebbels, trumpeted the profit potential in the solar developer’s relationship with a venture it had recently spun off. SunEdison had established TerraForm Power Inc as a “yi... More »
WASHINGTON Locked in budget talks in the twilight of his Senate career, Harry Reid saw an unexpected opening to bargain for his legislative wish list. It had become apparent to Senate Democratic Majority Leader Reid that lifting the longstanding ban on U.S. oi... More »
WASHINGTON President Barack Obama, fresh from vacation and nine rounds of golf in Martha’s Vineyard, launched into a busy two weeks promoting renewable energy and his nuclear deal with Iran. With the U.S. presidential election campaign and China’s slumping sto... More »
(Corrects fifth paragraph to delete reference to President Barack Obama acting by executive order) By Jeff Mason and Valerie Volcovici WASHINGTON (Reuters) – President Barack Obama challenged America and the world to step up efforts to fight global warming on ... More »
WASHINGTON President Barack Obama will unveil on Monday the final version of his plan to tackle greenhouse gases from coal-fired power plants, kicking off what is expected to be a tumultuous legal battle between federal environmental regulators and coal indust... More »
HONOLULU A Swiss man attempting to circumnavigate the globe with an aircraft powered only by the sun’s energy has broken a world record for the longest non-stop solo flight, the project team said on Thursday. The Solar Impulse, which took off from Japan on Mon... More »
