(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
China has assembled the world’s largest single-unit floating offshore wind power system as it accelerates efforts to expand its marine economy and clean energy industry. Assembly of the 16-megawatt system has been completed in Beihai, in South China’s Guangxi Zhuang autonomous region, Science and Technology Daily reported on Wednesday. All of its key parts, from…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
By Nichola Groom (Reuters) -U.S. President Donald Trump has used his second term in the White House to stymie development of wind and solar energy facilities that were a cornerstone of former President Joe Biden’s climate and energy agendas. Here is a timeline of actions his administration has taken to unravel federal support for clean…
The Trump administration halted construction on a nearly complete offshore wind project near Rhode Island as the White House continues to attack the battered U.S. offshore wind industry that scientists say is crucial to the urgent fight against climate change. Danish wind farm developer Orsted says the Revolution Wind project is about 80% complete, with…
Today’s ESG Updates China Leads Global Effort in Renewable Energy Buildout: The country is advancing nearly 1.3 TW of utility-scale solar and wind capacity. Masdar and Iberdrola Invest €5.2B in UK Offshore Wind: Global banks back 1.4 GW of UK offshore wind expansion. Indonesia Urges Further Delay of EU Deforestation Law: The already delayed EU…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…