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REUTERS/Nathan Frandino//File PhotoNEW YORK/HOUSTON, March 10 (Reuters) - Corporations and investors have been pouring money into renewable energy projects, seeing an opportunity to grasp the Holy Grail of socially conscious investing: do good while doing well. But sharply higher interest rates have further stressed a model strained by soaring prices for steel and silicon, vital for wind turbines and solar panels. Higher costs have buyers and sellers of renewable power projects recalculating potential returns, hampering fundraising and mergers and acquisitions (M&A). A decade of low interest rates meant borrowers could raise cheap debt to build projects and juice returns. Financial investors traditionally took stakes in operating renewables projects to avoid risks of construction delays and ensure stable returns.
Ross Gerber praised Tesla's battery advances after touring the Austin Gigafactory this week. In particular, he noted the footprint for production of the 4680 battery has come down in size considerably. "So the 4680 cell is probably one of the most important technological advances in modern history," Gerber told CNBC. "So the 4680 cell is probably one of the most important technological advances in modern history," he said . Gerber's praise of Tesla's battery production advances comes after he briefly pursued a seat on the company's board, citing concerns about CEO Elon Musk's leadership and help the company "grow up."
Alternative Energy: 3 buys and a bail
  + stars: | 2023-02-28 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlternative Energy: 3 buys and a bailGina Sanchez, chief market strategist at Lido Advisors, joins 'The Exchange' to share 3 buys and a bail, including ChargePoint, Plug Power, First Solar, and Rivian Automotive.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Sustainable Development Capital's Jonathan MaxwellJonathan Maxwell, CEO and founder of Sustainable Development Capital, joins 'Power Lunch' to discuss natural gas pricing trends, the state of natural gas in Europe and investment in alternative energy sources.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope nat gas price drops after supply diversification, says Sustainable Development Capital's MaxwellJonathan Maxwell, CEO and founder of Sustainable Development Capital, joins 'Power Lunch' to discuss natural gas pricing trends, the state of natural gas in Europe and investment in alternative energy sources.
Trying to bankrupt Russia could backfire
  + stars: | 2023-01-30 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
Reuters GraphicsIn the initial aftermath of the invasion, Western allies mostly issued threats to stop buying Russian oil and gas. Russia could push up the global price by carrying out threats to reduce its oil exports. But if the global price rose enough, Russia might still earn similar amounts at lower volumes. But the global gas price would rise, and Russia could direct the liquefied natural gas it currently sells to Europe to other regions. With Kyiv benefiting from military support and the gains from tighter sanctions uncertain, trying to bankrupt Russia is not worth the risk.
[1/2] The logo of Spanish utility company Iberdrola is seen on its headquarters in Bilbao, Spain, October 25, 2022. REUTERS/Vincent West/File PhotoLONDON, Jan 26 (Reuters) - Iberdrola (IBE.MC) is looking to sell a portfolio of gas, wind and solar assets in Spain which could raise more than $700 million, three sources with knowledge of the plans told Reuters. Iberdrola is working with Deutsche Bank on the sale of the 2.4-gigawatt (GW) portfolio, the sources said. The final price for the Iberdrola portfolio will depend on the valuation of the gas assets, which were underused in Spain until last year when production increased, the sources said. The sale is still at an early stage and Iberdrola could decide to delay or abandon the disposals, the people said.
Sunrun — The solar company dropped 8.6% after being downgraded to equal weight from overweight by Barclays, which cited a potential slowdown in solar demand. Alphabet — Shares shed 3.3% in midday trading, a day after the Justice Department filed a second antitrust lawsuit against Google. Enphase Energy — The solar stock fell 5.3% after Piper Sandler downgraded it to neutral from buy. U.S. Bancorp — The stock gained 5.7% after U.S. Bancorp reported fourth quarter earnings of $1.20, excluding items, versus the $1.12 expected by StreetAccount. NextEra Energy — The stock dropped 6.1% after the alternative energy company reported revenue for the fourth quarter that missed expectations.
Air fares will have to rise to clean up aviation
  + stars: | 2023-01-17 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +3 min
He said that financiers and energy suppliers should invest in SAF production, including in emerging markets. The wealthy people in this room and wealthy nations should be funding the energy transition in aviation to help support developing countries,” he added. Holland-Kaye said that companies can play a major role accelerating the adoption of SAF because business travel accounts for about 30% of fuel used in aviation. In 2021, the industry pledged to replaced 10% of global jet fuel supply with SAF by 2030. Clean energy investments need a major boost if the world is to meet its climate goals, according to Fatih Birol, executive director of the International Energy Agency.
[1/5] Climate activists display a banner during a protest ahead of the World Economic Forum (WEF) 2023 in the Alpine resort of Davos, Switzerland, January 15, 2023. REUTERS/Arnd WiegmannDAVOS, Switzerland, Jan 15 (Reuters) - Climate activists protested in Davos on Sunday against the role of big oil firms at this week's World Economic Forum (WEF), saying they were hijacking the climate debate. The annual meeting of global business and political leaders officially opens in Davos on Monday. More than a hundred protesters gathered in a snowy Davos square chanted, "change your diet for the climate, eat the rich", while some booed oil firms cited during a speech. Smith was holding a sign saying "Stop Rosebank", a North Sea oil and gas field she is campaigning to halt plans for.
Issuance of bonds tied to environmental, social and governance (ESG) themes grossed $142 billion in Asia Pacific last year, barely below the record $144 billion of 2021, according to data from Refinitiv. Major EM ESG issuance Asia, Europe and USParticipants say the 2022 issuance in Asia was fuelled on the supply side by the gargantuan task of greening Asia's energy grid and by low yuan interest rates in top issuer China, where investment from domestic institutions supported prices. Chinese entities issued 59.3% of the ESG bonds in the Asia-Pacific region in 2022, with total proceeds totaling $84 billion, up about 6% from $80 billion in 2021. "Domestic capital markets in Asia have been developing over many years, and are quite deep today," he said. Major EM ESG issuance Major EM ESG issuanceGlobally, ESG issuance fell last year as debt markets became turbulent, while investors pulled cash from funds devoted to sustainable investment for the first time in more than a decade as soaring prices for fossil fuel stocks, which they exclude, hurt their relative performance.
Wells Fargo is getting more bullish on shares of First Solar , Sunnova Energy and Sunrun , expecting margins to improve as supply chains ease and raw material costs decline. Benefits from the legislation have also yet to materialize in stock prices, he added. Many have also come to view the solar stock as a major beneficiary of tax credits from the government's climate bill. Blum expects Sunnova and Sunrun, meanwhile, to benefit from their power purchase agreement models poised to gain in the next year. low-income projects, domestic content, and energy community) are only available to solar financing deals structured as lease/PPAs," Blum said.
German minister says Russia wasted the leverage it had in the early stage of the conflict with Ukraine. Europe was heavily reliant on Russian gas, but countries have now diversified their supplies. After the invasion of Ukraine there were fears of blackouts in Germany and other countries across Europe, as Russia drastically reduced its gas supplies amid sharp criticism of its aggression against its neighbor. But Germany's scramble to secure alternative energy supplies has borne fruit, with the country switching to sources of energy including Liquefied Natural Gas, or LNG. Habeck said that Germany was now "one-third done" with replacing Russian energy supplies through other means, and sounded a note of cautious optimism.
2022 brought an end to an impressive bull run for technology — and the worst year for the Nasdaq Composite since 2008. Energy stocks, meanwhile, found favor in investors' portfolios, as did healthcare and financials. Given this outlook, CNBC examined some of the worst and best-performing stocks in the Nasdaq 100 this year. Energy stocks Energy won 2022, benefitting from volatile oil prices triggered by the war in Ukraine. Meta Platforms was the worst-performing FAANG name, and one of the poorest-performing Nasdaq stocks.
Clean energy shares underperformed in 2022
  + stars: | 2022-12-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailClean energy shares underperformed in 2022CNBC's Pippa Stevens joins 'Squawk on the Street' to discuss underperformance in clean energy stocks, rising rates offsetting alternative energy tailwinds and stand out stocks in the clean energy market.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFirst Solar's the best way to get exposure to renewables, says KeyBanc's KarpSophie Karp, KeyBanc director of utilities and alternative energy, joins Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss prospects for renewable energy next year.
KYIV, Dec 11 (Reuters) - Traders have no plans to suspend grain shipments from Ukraine's Odesa Black Sea ports due to the latest Russian attack on the region's energy system, Agriculture Minister Mykola Solky said on Sunday. "There are problems, but none of the traders are talking about any suspension of shipments. Since October, Moscow has been targeting Ukraine's energy infrastructure with large waves of missile and drone strikes. Ukraine is among the world's largest producers and exporters of corn and wheat but its exports have fallen significantly due to the Russian invasion. Grain exports from Ukraine in the first eight days of December fell 47.6% from a year earlier to 1.09 million tonnes, agriculture ministry data showed.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFossil fuel producers search for alternative energy sourcesCNBC's Brian Sullivan joins 'Squawk Box' to report on how major fossil fuel companies are investing in fuels of the future.
White House executive chef Cris Comerford gave a media preview Wednesday of the state dinner for French President Emmanuel Macron. “You need France.”Then-President Trump hosted French President Macron at a state dinner in 2018. The state dinner may be the Biden administration’s way of apologizing for an unforced error of such magnitude, Fried said. “We owed the French one after that.”A dish is previewed for the Macron state dinner. The last state dinner at the White House was in 2019.
Its top experts explained what's worth buying in stocks, fixed income, and alternative assets. Globalization was an aid to economic growth over the last few decades, but it's fading, or even reversing. Meanwhile productivity growth is weakening, and the aging populations of many countries means there are fewer workers, which makes growth harder to achieve and sustain. Global Fixed Income Strategist Graham McDevitt says that bond yields are peaking and prices are attractive in a lot of fixed income sectors, but overall fixed income pricing "is much more aligned with a soft landing" than the recession Macquarie's experts expect. Lastly, in real assets, McCormack says he's bullish on infrastructure and agriculture assets, and positive on real estate to a lesser extent.
The kingdom’s Soundstorm music festival, which began in 2019, is back again for its fourth year and will start on Thursday. “(It) is a particularly powerful example because it seeks to bring together young people and women from across Saudi Arabia and the world,” she said. By contrast, Las Vegas’ Electric Daisy Carnival, considered North America’s biggest dance music festival, had an attendance of over 400,000 this year. Last year, Human Rights Watch (HRW) said that performers should either “speak up” about Saudi Arabia’s human rights violations or not attend the festival at all. Some however argue that opening up countries to international norms and values can allow for better discussion on human rights shortcomings.
A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to be able to make up that shortfall in 2023. Apple slid 1.7% in premarket trading. Wynn Resorts (WYNN), MGM Resorts (MGM), Melco Resorts (MLCO), Las Vegas Sands (LVS) – Casino stocks rallied in off-hours trading after the Chinese government granted the companies provisional licenses to continue operating in Macau. Exxon Mobil (XOM), Chevron (CVX) – These and other energy stocks fell in the premarket as WTI Crude touches its lowest level in 11 months. First Solar (FSLR) – The solar company's stock fell 2.6% in the premarket following a downgrade by J.P. Morgan to "neutral" from "overweight."
The blasts at the Nord Stream pipeline in September were caused by an act of sabotage, Swedish prosecutors said Friday after evidence of explosives was discovered at the sites by investigators. In a statement, Mats Ljungqvist, the prosecutor leading the preliminary investigation, described the incident as “gross sabotage,” adding that “traces of explosives” were found at the scene. The preliminary investigation will continue and has yet to determine any charges, the statement said. Denmark last month said a preliminary investigation had shown they were caused by powerful explosions. Nord Stream pipelines 1 and 2 were created to funnel gas from Russia into the European Union, and were controversial long before Russia waged war on Ukraine.
Nov 10 (Reuters) - French power company Engie (ENGIE.PA) on Thursday raised its full-year net income guidance, as energy prices surged in the wake of Russia's Ukraine invasion, and boosted its earnings at end-September. The company has benefited from the jump in power prices as the Ukraine war highlighted Europe's reliance on Russian gas, which has left the bloc seeking alternative energy sources. Engie's earnings before deducting interest and taxes (EBIT) for the nine months to September 30 came in at 7.3 billion euros ($7.32 billion), up 79.3% organically from a year earlier. Engie also said it expected earnings before interest, taxes, depreciation and amortisation (EBITDA) in the range of 13.2 and 14.2 billion euros and EBIT from 8.5 to 9.5 billion. Finance chief, Pierre-Francois Riolacci, said the annual forecast was now including a few hundred million euros in costs relating to a European revenue cap aimed at addressing high power prices for consumers.
Private real estateThanh Bui, a portfolio manager at Franklin Templeton's private real estate investment unit Clarion Partners, said that it's becoming easier for retail investors to get access to high-quality private real estate. She says the space generally does well when inflation is high, and that private real estate is an effective portfolio diversifier not strongly correlated to stocks, bonds, or public real estate companies. Bui is especially positive on muti-family real estate because there is a huge supply shortage that won't be resolved any time soon. She's also bullish on industrial real estate, where rents are surging because of high demand from e-commerce companies and onshoring. "We view the dividend profile as a way to look at quality of a company.
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