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Utilities Electric Utilities

  • SYDNEY, March 14- South Australia, the country's most renewable-energy dependent state, outlined plans on Tuesday to spend A $510 million to keep the lights on, just four days after Tesla Inc boss Elon Musk offered to save the state from blackouts by installing large-scale battery storage. The South Australia government came up with the emergency plan after a...

  • LAUNCESTON, Australia, March 14- Australia is becoming an interesting microcosm on how to, or how not to, transition an economy from being predominantly powered by coal to more climate-friendly alternatives. Musk, in an exchange of tweets with software billionaire Mike Cannon-Brookes, chief executive of Atlassian Corp, offered to fix the electricity supply...

  • HARARE, March 13- Zimbabwe is negotiationg a new deal to continue importing power from South African utility Eskom to make up for shortfalls in generating capacity at its Kariba hydropower station, the energy minister said on Monday. In January last year Eskom agreed a one-year deal to sell up to 300 megawatts of capacity to Zimbabwe, which was facing biting...

  • LOS ANGELES, March 9- New U.S. solar installations nearly doubled last year, but slowing demand for both residential and large-scale systems, falling panel prices and concerns about looming federal tax reform are still dampening investor appetite for the sector. Solar installations soared 97 percent to 14.8 gigawatts in 2016, according to a report released...

  • SANTIAGO, March 9- SunPower Corp has put a large solar plant in Chile up for sale, according to two sources with knowledge of process, as the second largest U.S. solar panel maker seeks to cut costs across the globe. It was not clear how much equity SunPower had invested in the project, though solar projects in Chile typically require a 30-45 percent equity stake.

  • MELBOURNE, March 9- The rise of wind and solar power in Australia was supposed to be the death knell for coal use in the world's biggest exporter of the fossil fuel, but the shunned fuel is finding a new lease of life and may yet attract subsidies to keep the lights on. Supplies are set to tighten with France's Engie SA closing Australia's dirtiest power station,...

  • SANTIAGO, March 8- Atlas Renewable Energy, a platform launched last week by English private equity fund Actis, is on the hunt for solar assets across Latin America, but big risks are off the table, Chief Executive Officer Carlos Barrera told Reuters on Wednesday. Actis, which already has significant investments in renewables throughout the developing world,...

  • NEW DELHI, March 8- A deal to build six Westinghouse nuclear reactors in India is still alive, but to be viable must be ring-fenced from a financial crisis at the U.S. reactor maker and its Japanese parent Toshiba Corp, people with direct knowledge of the matter told Reuters. It would not carry out civil engineering work to build the entire project- an approach that...

  • *Pingtung 1st Taiwan prison to supply solar power to grid. PINGTUNG, Taiwan, March 8- On Pingtung jail's sunlit roof, prisoner no. 24 has a view of a brighter future. The 48- year-old is working on a project that has seen the southern Taiwan prison become the first to send solar power into the island's electricity grid.

  • March 7- Brookfield Asset Management Inc said on Tuesday it would buy one of the two "yieldcos" of bankrupt U.S. solar company SunEdison Inc and take a 51 percent stake in the other, for a total of about $1.41 billion. TerraForm Global owns or has contracts to acquire 952 megawatts of wind and solar power in Brazil, India, China, South Africa, Thailand, Malaysia and...

  • SAO PAULO, March 6- Electricity costs for companies and individuals in Brazil are likely to further increase in the second half of the year due to insufficient water in hydroelectric plants' reservoirs after below average rains, power sector experts said on Monday. Brazil's power trading chamber projects summer rains to reach only around 70 percent of normal...

  • *Graphic on China pollution: http://tmsnrt.rs/2lK3gih. BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of...

  • *Graphic on China pollution: http://tmsnrt.rs/2lK3gih. BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of...

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of parliament, the National Development and Reform...

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world's No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of parliament, the National Development and Reform...

  • BEIJING, March 5- China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday in a work report at the opening of the annual meeting of parliament. The National Development and Reform Commission said it would shut or stop construction of coal-fired power plants with capacity...

  • NEW YORK, March 3- Environmentally conscious investors are using their pocketbooks to protest President Donald Trump's plans to slash environmental regulations, fueling a rally in funds that only invest in companies that meet progressive criteria for sustainability. "If clients see the federal government withdrawing from a space they think is important,...

  • SAO PAULO, March 3- With electricity demand in Brazil slashed by the harshest recession in a century, the government is evaluating an innovative kind of power auction- to allow companies to bid for the right to cancel licenses to build plants. But a collapse in commodities prices tipped Brazil into a recession that has shrunk economic output by more than 7 percent...

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...

  • The Association of American Railroads said on Wednesday that the number of rail cars loaded with coal in February increased over 19 percent compared with the same month in 2016, the biggest percentage gain on record, according to AAR data to 1988.. "While it's an impressive gain, February 2017 was, unfortunately, also the second worst February in absolute terms...