Renewable Energy

Citing illness, CEO of France's Areva steps down

PARIS (AP) — The CEO of French nuclear manufacturer Areva is stepping down, saying an unspecified illness has left him unable to do the work.

Monday's statement from Areva says Luc Oursel recently notified the French government of his decision to take a leave of absence "in order to pursue treatment."

GE sees strong US economy as profit rises

NEW YORK (AP) — General Electric Co. posted strong third quarter results, issued an upbeat forecast for the fourth quarter and said U.S. industrial activity is at its highest level since the financial crisis.

CEO Jeff Immelt said there is uncertainty in the global economy, but that nations around the world are still going ahead with large infrastructure projects and companies are buying equipment.


Solar industry rallies behind EPA carbon rule

The solar power industry is rallying to defend the Obama administration's proposals to cut carbon emissions from power plants, which proponents have called a "war on coal."

"Make no mistake about it, the solar industry is going to be very active" in backing the rules, Rhone Resch, president of the Solar Energy Industries Association, told reporters on Thursday.

Bill to block Tesla sales reaches Michigan governor

Automotive News

A bill aimed at blocking Tesla Motors Inc. from making direct sales to customers in Michigan has cleared the state's legislature, and its fate now lies with Republican Gov. Rick Snyder who can deliberate until Oct. 21, Automotive News reports.

SolarCity begins selling bonds to individuals

The New York Times

SolarCity, the top domestic installer of rooftop solar arrays, began selling bonds to regular investors today with plans to issue up to $200 million in bonds online, The New York Times reports.

EU delays deadlines for green energy funding program


The European Commission approved a two-year delay of deadlines for its green energy funding program, allowing participants more time to make final decisions on renewable investment and implementation but likely delaying already-approved projects including Europe's first commercial carbon capture project, Reuters reports.

Aviation leaders seek new safety measures for battery transport

The Wall Street Journal

The International Civil Aviation Organization is considering a new set of safety recommendations aimed at limiting fire risks from plane shipments of lithium batteries, though officials wouldn't detail specifics to The Wall Street Journal. The decision-making arm of the organization will discuss the plans later this month.

IEA sees renewable energy making gains in Africa


The International Energy Agency said renewable energy will lead the way to meet surging power demand in Africa, projecting renewable energy and hydropower will supply close to half of the continent's power by 2040, Bloomberg reports.

MidAmerican, Branstad announce more wind in Iowa


MidAmerican Energy intends to develop one new wind farm site in Iowa and expand another, adding up to 162 megawatts to bring the state’s wind generation total to 3,500 megawatts, WHO TV reports.

Yieldcos attracting interest from more investors


Investors looking for better dividend payments are starting to put money into yieldcos – spinoffs of alternative energy companies that own assets like solar farms and wind farms, Reuters reports, noting that more than 900 actively managed mutual funds now have some of the shares in their portfolios.


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