Saudi Arabia’s ACWA Power to expand into manufacturing of solar panels

ACWA Power’s plan has multiple sweet points given that it is aligned with Riyadh’s goal to diversify its economy and wean its economy away from just oil exports. In a development that places the development of power and water plants at the heart of Saudi Arabia’s bid to develop its renewable power industry, Riyadh-based ACWA…

25% U.S. tariff to hurt Huawei’s U.S. launch of FusionHome

Analysts covering the sector opine Huawei will have to either reduce its margins or raise prices. Huawei Technology Co’s upcoming launch of a solar-panel control device in the United States is expected to collide with the Trump administration’s new tariffs on Chinese electronics. As a result this is likely to undermine the product that analysts…

European Commission weighing options to curb import of cheap Chinese e-bikes

The European Bicycle Manufacturers Association (EBMA) has alleged that Chinese e-bike exports are, at times, below the cost of production. On Thursday, the EU official journey stated the European Commission has subjected the import of electric bicycles (e-bikes) from China subject to registration. This is part of a series of investigations launched by the European…

All of Apple’s facilities worldwide run from clean energy

Apple has reached a major milestone with this achievement. The next step is to encourage suppliers to follow suit. Apple has stated, it has achieved its goal of powering all of the company’s facilities, including data centers, retail stores and offices in 43 countries, with renewable energy. Many big U.S. companies, including Alphabet, Apple and…