(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
In less than three weeks, President Trump has thrown the U.S. clean energy industry into chaos, with much of the economic damage hitting Republican states and districts. In a quest to eliminate any funding linked to climate change, the Trump administration has frozen federal grants for everything from battery factories to electric school buses and…
China’s leadership in green tech was well established before Donald Trump returned to the White House and halted his predecessor’s efforts to reassert dominance in the sector. By 2022, China had secured global markets for solar photovoltaic exports, battery storage, wind power components and electric vehicles. Through deliberate industrial policies, it drove an 80 per…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
The Senate confirmed Chris Wright to lead the U.S. Department of Energy on Monday, putting the former oil executive in a key position to help shape President Trump’s energy policies. Mr. Wright, the founder and chief executive of Liberty Energy, a fracking firm, was confirmed by a vote of 59 to 38, with support from…
The leaders of more than half of Africa’s nations gathered this week in Dar es Salaam, Tanzania’s sprawling seaside metropolis, to commit to the biggest burst of spending on electric-power generation in Africa’s history. The World Bank, African Development Bank and others are pledging at least $35 billion to expand electricity across a continent where…
(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….
The Harvard Business Review 2024 New Growth Conference was held. JinkoSolar, as a leading company in the photovoltaic industry, was invited to attend and deliver a keynote speech. The Harvard Business Review 2024 New Growth Conference was held. JinkoSolar, as a leading company in the photovoltaic industry, was invited to attend and deliver a keynote…
China will set another record for solar power installations this year even as the industry producing the equipment suffers from falling prices and profit margins. The country will install 230 to 260 gigawatts of solar capacity this year, said Wang Bohua, chairman of the China Photovoltaic Industry Association. That will top the record of 217…
The project will feature over 200,000 solar panels. Credit: vvaldmann/ Shutterstock. US utility company Portland General Electric (PGE) has signed a power purchase agreement (PPA) with Avangrid to buy power from the 120 MWac [megawatts alternating current] (166 MWdc) [megawatts defined conditions] Tower Solar project in Portland, Oregon. The solar energy facility is being developed…