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Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs he enacts. Following are some major issues and sectors to watch:WHAT ROLE WILL ELON …
How Trump’s Second Administration Affects Business: Musk, Tariffs and More Read More »
(Reuters) – Shares in European clean energy groups plummeted on Wednesday after Donald Trump was elected president of the United States, as investors fretted over a potential dismantling of U.S. support for renewables and climate policy. Trump had vowed to scrap offshore wind projects through an executive order on his first day in office and to roll back climate regulations implemented under President …
European Clean Energy Stocks Tumble as Trump Wins Presidency Read More »
Summary Chinese solar firms build new plants in Indonesia and Laos U.S. has expanded tariffs on other Southeast Asian nations In Vietnam, Chinese solar companies cut output, lay off workers (Reuters) – Some of the biggest Chinese-owned solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of U.S. …
A Huge “Cat and Mouse” Game: Chinese Solar Firms Go Where U.S. Tariffs Don’t Reach Read More »
(Reuters) – Facebook owner Meta Platforms will buy all the output of Engie’s planned U.S. Sypert solar power plant, the French utility said on Thursday, in line with attempts to use renewable sources to cover a data-led surge in demand. The plant, with an estimated output of 260 megawatts (MW), is expected to start operating in …
Engie to Provide Meta With 260 MW of Energy From U.S. Solar Plant Read More »
Summary Clean energy net fund outflows exceed $11 bln this year Competition from China and fossil fuel returns Renewables valuations at near 3% discount to market MSCI Global Alternative Index down 18% this year MILAN, Oct 30 (Reuters) – Renewable energy shares, reeling from an investor retreat, face extended uncertainty as the U.S. election has added to …
Tentative Green Energy Shoots at Risk From U.S. Vote Uncertainty Read More »
Health care, energy also among businesses with most at stake Retailers would face major impact from tariff increases The US election on November 5 will be a clash of visions that reverberates through the global economy for years to come. Kamala Harris and Donald Trump in some cases have skirted how they will handle pivotal …
Here Are 5 Industries With the Most at Stake in Presidential Election Read More »
Summary Trump pledges rollback of Biden’s climate law as a top priority Trump allies, fundraisers benefit from the IRA’s key tax credits At least 7 allies, or the companies they run, hold investments in projects eligible for IRA subsidies WASHINGTON, Oct 25 (Reuters) – Donald Trump has promised to gut U.S. President Joe Biden’s climate subsidies if elected. But …
Trump Hates Biden’s Climate Law But His Allies are Making Money From It Read More »
Preferred equity deal will support six US solar projects Blackstone closed a $7.1 billion clean energy fund last year Blackstone Inc. is investing $288 million in energy storage and solar company Pine Gate Renewables, as part of its push toward financing renewable energy. Blackstone Credit and Insurance, or BXCI, is providing the preferred equity, which will be …
Blackstone Invests $288 Million in Renewables Firm Pine Gate Read More »
While solar deployment is accelerating, bottlenecks in the wind industry are jeopardizing the chance to meet a global target to triple renewable capacity by 2030. The world’s green power goal has a wind problem. At the COP28 climate talks in Dubai last year, leaders from more than 130 nations agreed to triple renewable power capacity by the end of the …
A Wind Power Crisis Is Holding Back the World’s Green Energy Goal Read More »
(Reuters) – India needs to explore the need for a production-linked incentive (PLI) scheme to improve its renewable energy transmission capacity, power secretary Pankaj Agarwal said at an event on Monday. “We need to think about how we should localize supply chain for transmission equipment,” Agarwal said, adding that 1,650 gigawatts (GW) of global renewable …
