India Seeks to Separate Lenders to Ease Clean Energy Financing

The government is discussing a plan for state-run Power Finance Corp. to sell its controlling stake in REC Ltd. to transmission utility Power Grid Corp., Raj Kumar Singh, the nation’s power minister, said in an interview in New Delhi. Power Finance and REC will enjoy their different exposure limits as separate companies, potentially resulting in … Read more

Biden Warns Putin; Nuclear Plant Gets Grid Power

Russia’s invasion is approaching the seven-month mark. Overnight, Moscow’s troops shelled the towns of Slavyansk and Kramatorsk in the Donetsk region, and Chuhuiv in the Kharkiv region. The Slavyanska thermal power plant was hit, causing equipment damage and a fire. Russia’s defense ministry reported more shelling near the Zaporizhzhia nuclear plant by Ukraine; Kyiv and … Read more

Elon Musk’s Ex-Girlfriend Auctions Billionaire’s Photos, Mementos From College

Attracting the next most interest was the necklace, which comes with an emerald from the Zambian mine owned by Musk’s father Errol, a South African property developer. The photos include previously unseen snaps of a young Musk hanging out with friends, fooling around in the dormitory, and cuddling with Gwynne.

EU’s Move to Replace Gas With Hydrogen Held Up by Red Tape

So-called green hydrogen is made from water using an electrolyzer powered by renewable sources and the technology has long been viewed as a solution for steel, chemicals and other carbon-intensive industries seeking to cut emissions. Relative to other energy sources, the economics for hydrogen have improved in Europe as natural gas last month surged to … Read more

Tycoon Bets on Renewables in Biggest 2022 Philippine IPO

At the moment, Prime Infra gets 80% of its revenue from Manila Water Co. Inc., which supplies half of the Philippine capital. In four to five years, revenue from electricity will account for 40% from below 20% currently, Lucci said. Prime Infra also plans to build landfills around the capital region, he said.

Sembcorp Gains on Plan to Sell India Coal Power Business

Shares rose as much as 5.1% to the highest on record. Sembcorp, which operates two coal-fired plants in India with a combined capacity of 2.6 gigawatts, said in an exchange filing Monday that the sale of the business will accelerate its shift from ‘brown to green.’ Tanweer, which will become the sole shareholder of the … Read more

Energy Crisis Tearing Through Markets Leaves a Trail of Losers

The energy crisis that’s late inflation soaring across the world is leaving stock traders with a challenge to figure out where to put their money.

Ambani Succession, Spinoffs in Focus at Reliance’s Investor Meet

Ambani stepped down as the chairman of Reliance Jio Infocomm Ltd. in June, making way for his elder son, Akash, who took over the helm at India’s largest wireless operator. As rumors keep swirling around Ambani’s health, investors will look for more concrete steps to be taken in leadership transition, with Isha, Anant and possibly … Read more