Two renewable energy projects in Indiana are trading hands between a pair of Dallas-based companies. Tri Global Energy said Monday that it’s selling the.
Newark Advocate
Union Ridge Solar, a subsidiary of Leeward Renewable Energy, announced plans to construct the solar field near the AEP Kirk substation on Watkins Road, on farm property north of Refugee Road, west of York Road, south of Blacks Road and on both sides of Watkins Road.
“It’s our discretion whether to create an Alternate Energy Zone for the project,” County Commissioner Tim Bubb said. “We’ve met with Leeward and we’re familiar with this project. We don’t see any downside. There’s no reason not to move forward.
“We’re growing megawatts instead of corn out there. You don’t have to water it and it makes electricity.”
First Solar (
FSLR) - Get Report was rising in premarket trading Monday after shares of the solar energy equipment maker were upgraded to buy at Citigroup.
The firm also opened a 90-day catalyst watch on the company.
Citigroup raised First Solar s price target to $100 from $88 a share. The stock was rising 3.07% to $82.60 early Monday.
Analyst J.B. Lowe sees multiple positives ahead for the company, including the potential inclusion of a 10-year solar tax credit extension and the revival of the 48C Advanced Manufacturing Tax Credit.
Lowe also sees U.S. trade policy that will benefit the company, including the extension of Section 201 tariffs on imported Chinese panels and possible sanctions against Xinjiang-sourced solar products.
Michael McKiernan
The Caisse de dépot et placement du Québec is partnering with alternative investment manager Energize Ventures to promote digital innovation in the energy and sustainable industry sectors.
The co-investment partnership will see the Caisse commit up to $125 million over the next three years to ventures targeted at digital technologies that will advance the sustainable transition of energy and industry. The pension fund conducted a full market review of potential partners before selecting Energize, but the parties have a history of collaboration the Caisse is already a limited partner in the investment funds Energize Ventures I and Energize Ventures II.
DAILY DOSE: April 5, 2021
Posted on 04/05/2021
1. In a recent draft rule by the People’s Bank of China and the China Banking and Insurance Regulatory Commission, banks that are considered to be “too big to fail” will be placed into five categories and face a surcharge of around 0.25% to 1.5% on top of the mandatory capital adequacy ratios. Furthermore, these lenders would be mandated to make plans on how to recover from a financial crisis. The lenders must also write up “living wills” in case they cannot operate as an ongoing bank.
2. New York State Lawmakers are nearing a budget deal to increase corporate and income taxes by more than US$ 4 billion.