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.
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.
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.
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.
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 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.
U.S. District Court Judge H. Russel Holland has sided with Pebble Ltd. Partnership in ordering former Environmental Protection Agency scientist Phil North to testify in the company’s lawsuit against EPA, the Alaska Dispatch News reports.
Coast Guard documents show Transocean’s Polar Pioneer, which is involved in Shell’s exploratory well drilling in the Chukchi Sea this summer, failed tests with fire and pollution equipment in the months leading up to the Arctic drilling, FuelFix reports.
Oil prices rose Monday over a report from the Energy Information Administration that U.S. crude production has been falling since April and signals that OPEC is finally willing to address the drop in prices. U.S. benchmark crude jumped $2.45 to $47.67 a barrel on the Nymex, while in London Brent rose $2.50 to $52.55, Reuters reports.
Increasing worries about potential fire at a landfill holding waste of barium sulfate from the Manhattan Project since the 1970s has prompted upset St. Louis area residents to pressure the Environmental Protection Agency to accelerate cleanup, The Hill reports.