Renewable Energy

Wanxiang to build Fisker car in Southern California

Source: 
Los Angeles Times

Wanxiang Group, the Chinese auto parts company that bought bankrupt Fisker Automotive, has signed a lease for a facility to build Fisker electric cars in Riverside County, the Los Angeles Times reports.

Hard times for SunEdison

Source: 
St. Louis Post-Dispatch

The decline in SunEdison's stock price over the past three weeks has cost the company $5 billion in capitalization, following a report of a bigger-than-expected loss in the second quarter and the disappointing performance for its second yieldco, the St. Louis Post-Dispatch reports.

Vestas

DOE: Wind capacity rising, costs sinking

U.S. wind power generation grew 8 percent to 66 gigawatts in 2014, reversing the previous year's slump in a surge that drove the lowest-ever costs for wind energy nationwide, the U.S. Energy Department reported Monday. Critics, however, dismissed it as part of the Obama administration's "PR effort" to promote its climate plan.

According to the 2014 Wind Technologies Market Report, wind accounted for 24 percent of new electric-generating additions and rose to provide 4.9 percent of total end-use demand.

LA program to offer electric vehicle sharing

Source: 
National Journal

A $1.6 million grant from the California Air Resources Board will help Los Angeles set up a vehicle sharing program for low income neighborhoods, where 80 out of 100 will run on plug-in power, National Journal reports.

Alternative-energy funds are better at absorbing oil's spill

NEW YORK (AP) — Even as the tumble in oil prices pummels the industry, one small -- and perhaps surprising -- group of energy stock funds has held up better than its peers: those investing in solar, wind and other alternative-energy sources.

It's an unexpected bright spot because alternative-energy stocks have long been known as some of the riskiest in an area that's already prone to big swings. The group has historically shown flashes of promise, only to plummet in disappointment. Alternative-energy stocks also have oftentimes struggled when the price of oil was falling. The S&P Global Clean Energy index plunged 66 percent in 2008, more than the broad stock market or the price of oil.

New net metering plan in Nevada raises solar hackles

Source: 
The Associated Press

Solar energy backers allege NV Energy will damage the rooftop solar industry with its new proposals for net metering in Nevada, The Associated Press reports.

Tesla's loss triples in 2Q as it lowers delivery forecast

DETROIT (AP) — Tesla Motors' upcoming Model X SUV cast a long shadow over the company's second-quarter results.

Tesla's net loss nearly tripled to $184 million in the April-June period as it invested in tooling and factory capacity for the new SUV, which is scheduled to go on sale next month.

Solar deals are hot, but investors fret; Sunrun IPO fizzles

NEW YORK (AP) — A string of deals involving rooftop solar companies has shown both the appeal and potential of the business — and limits to investor enthusiasm.

SunRun, the San Francisco-based solar financing pioneer, raised $250 million in an initial public offering Wednesday, but shares fell 13 percent. Late last month SunEdison bought the rooftop installer Vivint Solar for $2.2 billion, but SunEdison shares have fallen 28 percent since.

Project success boosts First Solar returns

Source: 
The Arizona Republic

First Solar Inc. reported Tuesday that profit soared to $94.5 million in the second quarter, as it sold stakes in two projects and recognized more revenue from a third, The Arizona Republic reports.

Canadian hydropower eyed as way to electric price in northeastern U.S

Source: 
Tech Times

Canadian hydropower could help ease the cost of electricty in the northeastern U.S. if it could help overcome concerns about the impact of transmission lines on the landscape, Tech Times reports.

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