Utilities Electric Utilities

  • MUMBAI, April 14- SunEdison Inc is in talks to sell minority stakes in its Indian solar projects to Finland's Fortum, two sources said, as the U.S. firm seeks funds to finish proposed plants in India amid concerns about its finances at home. Fortum, a state-controlled utility, said on Tuesday it planned to invest 200- 400 million euros in solar projects in India and...

  • *Components can also be exported to other Europe. FRANKFURT, April 13- General Electric, fresh from taking on the offshore wind business of rival Alstom, is positioning itself in Germany's expanding offshore wind sector and looking at eastern Europe. "Onshore wind in eastern Europe and the Balkan countries is currently interesting, especially in Poland and...

  • *Surcharge of 6- 18 bln euros still under discussion. BERLIN, April 13- Utilities in Germany will have to set aside more money to cover the cost of storing nuclear waste, four sources in a government-appointed commission told Reuters, after a meeting on Wednesday failed to reach agreement on how much more. E.ON, RWE, EnBW and Vattenfall, Germany's "big four" power firms,...

  • Three state regulatory bodies and the city Water and Power Department warned last week the region faced up to 14 days of blackouts this summer as gas-fired power plants go without supplies normally furnished by the crippled Aliso Canyon field when electricity demand peaks. Southern California Gas Co, the division of San Diego- based utility giant Sempra...

  • *Singapore marine, offshore engineering output falls to $14.5 bln. SINGAPORE, April 12- Marine and offshore engineering companies are turning to cruise ships, fishing vessels or even sea-based wind farms to keep their earnings afloat as weak oil prices slash new spending by big energy companies. Singapore- listed Vard Holdings last month signed a letter of...

  • BUENOS AIRES, April 11- Argentina aims to rake in $5 billion in investments in renewable energy by 2018 with the goal of reducing its energy deficit, a government official told Reuters, as hopes for near-term increased output from the Vaca Muerta shale field fade. This aims to "diversify the power grid, replacing liquid combustibles which are normally mostly...

  • LOS ANGELES, April 8- In November, solar energy giant SunEdison Inc reported that its project pipeline had grown by 75 percent in just a year, the result of an aggressive growth strategy. Among the deals now in question is a solar plant under construction for the central Texas community of Georgetown. And last month, TerraForm Global- a related company set up to own...

  • *Debt-heavy SunEdison looking to sell India assets. MUMBAI, April 7- The likely collapse of SunEdison Inc's solar project in India, the first of 32 planned "ultra mega" complexes, could delay Prime Minister Narendra Modi's goal to increase renewable energy fivefold by several years and probably cost consumers more. India plans to auction more of the "ultra mega"...

  • Geothermal assets are based in Indonesia and Philippines. SINGAPORE, April 6- French utility Engie and Japan's Marubeni are among several suitors preparing to bid for Chevron Corp's Asian geothermal energy blocks valued at about $3 billion, sources familiar with the matter said. Potential buyers including Southeast Asian firms are attracted by the...

  • TOKYO, April 6- Japan's benchmark Nikkei index ended slightly lower on Wednesday, marking its longest losing streak since the start of "Abenomics", as the yen hovered near a 17- month high. Shares of Inpex Corp ended 0.7 percent lower after Japan's biggest oil and gas developer halved its full-year net profit estimate late on Tuesday due to the ongoing oil rout.

  • SAO PAULO/ BRASILIA, April 5- Officials from China State Grid visited energy transmission projects in Brazil under construction by Abengoa SA to evaluate the merits of a takeover of the assets that had stalled last year when the Spanish firm ran into financial problems, two sources confirmed on Tuesday. The source said the government wants to avoid a piecemeal...

  • ISTANBUL, April 5- Turkey's Sabanci Holding plans to sell a minority stake in the electricity distribution and energy retail businesses of its Enerjisa subsidiary to cut debt ahead of Enerjisa's initial public offering, a senior executive said on Tuesday. Sabanci, one of Turkey's largest conglomerates, expects to float Enerjisa as early as the end of next year,...

  • Wilmington, Del., April 4- TerraForm Global Inc on Monday sued controlling shareholder SunEdison Inc for misappropriating $231 million of TerraForm Global's cash, days after hedge fund billionaire David Tepper made similar accusations against the struggling renewable energy company. TerraForm Global said SunEdison, which is being investigated by...

  • April 4- TerraForm Global Inc, a unit of troubled U.S. solar energy company SunEdison Inc, said its lenders had agreed to give the company another month to file its annual report, after it missed the March 30 deadline. The company disclosed on Monday it had ended a deal for a hydro-electric power plant last week and had paid $10 million as termination fees.

  • Tesla Motors' Model 3, a $35,000 electric car with a minimum range of 215 miles per charge, will start production in 2017, CEO Elon Musk said.

  • Tesla debuts the Model 3 electric car

    Anna-Marie Baisden, head of autos analysis at BMI Research, talks about the challenges facing Tesla as it brings its latest electric car to market.

  • Challenges facing energy companies

    Mark Lewis, managing director at Barclays, talks about the challenges facing utility companies in the energy sector.

  • Dividend cuts were inevitable: Fund manager

    Toby Thompson, fund manager at Brooks Macdonald Funds, says dividend cuts by commodities companies such as Rio Tinto were sensible.

  • 2015 was a good year: Iberdrola CEO

    Ignacio Galán, chairman and CEO of Iberdrola, discusses his company's earnings and conditions in the Spanish economy.

  • Future of electricity

    Steve Bolze, GE Power & Water president & CEO, weighs in on global power needs and the massive capital needed to build out the infrastructure.