Finance

In what it touts as one of the largest green bond transactions issued by a U.S. utility, Duke Energy Carolinas has issued bonds to further renewable energy development.

Companies keen to offset their carbon emissions will be able to purchase renewable energy certificates at Singapore’s first blockchain-powered marketplace, launched by electricity provider SP Group.

The European Bank for Reconstruction and Development (EBRD) yesterday unveiled details for Lebanon’s first Green Economy Financing Facility (GEFF), the largest thus far in the bank’s Southern and Eastern Mediterranean region (SEMED). The GEFF program is set to address key issues of energy security, efficiency and sustainability for the Middle Eastern country.

In the first nine months of 2018, the energy division of the Germany-based group recorded a loss of over €10 million. By the end of the year, earnings are expected to enter positive territory, however,

Zinc battery specialist NantEnergy has acquired the U.S. energy systems and services business from Japanese electronics giant Sharp. The acquisition, according to NantEnergy, will provide the company with an important foothold in the U.S. market and allow it to provide “energy as a service” business models, using its Zinc-air battery, in multiple markets.

SMA Solar Technology AG saw its net income fall from €25 million in the first nine months of 2017 to €8 million in the same period this year. Despite the dip, it remains confident of its position in the industry going forward.

The owners of private buildings will be eligible to borrow for measures including solar panels and insulation, with the funds to be distributed by the domestic Union Bank.

Enphase’s 3rd quarter results saw revenues at $78 million with an estimated $10 million sales shortfall due to a component shortage, as the company shipped 204 MW of inverters. Future speculation saw an international play on the IQ8, the SunPower partnership, and energy storage driving growth.

New solar installations in the country reached the milestone in six months, according to Dutch New Energy Research, which publishes its first Dutch Solar Quarterly report today.

Developers gave short shrift to warnings about depreciation, protectionism and tax headwinds as tendering and auction figures soared, but shied away from tough price caps set for the Solar Energy Corporation of India’s procurement exercises.