China Tops U.S. as Best Country for Renewable Energy Investment—Ernst & Young

first_imgChina Tops U.S. as Best Country for Renewable Energy Investment—Ernst & Young FacebookTwitterLinkedInEmailPrint分享Reuters:LONDON—The United States moved up to second place in a ranking of the most attractive countries for renewables investment, after China, a report by U.K. accountancy firm Ernst & Young showed on Tuesday.In an annual ranking of the top 40 renewable energy markets worldwide, China was the top country for the third year running, followed by the United States, which had occupied third place last year due to a shift in U.S. energy policy under President Donald Trump.Even though the United States imposed tariffs on imports of solar photovoltaic and modules this year, the effects have been mostly absorbed by the market and wind projects are not subject to subsidy cuts under a recently passed U.S. tax reform bill.“Solar import tariffs imposed by the U.S. government in January are likely to have only a limited impact on solar energy development in the country but are likely to tip the scales toward wind projects at the utility scale,” the report said.Germany was the third most attractive country in the ranking, while India slipped from second to fourth position due to investor concerns about the threat of solar import tariffs, the report said.More: U.S. Moves Up To Second Most Attractive Renewables Market After China: Reportlast_img read more

Ayala refusing to play for Middlesbrough amid Leeds United interest

first_img With Leeds United said to be keen on his services, the 29-year-old does not want to risk picking up an injury which will hinder his chances of securing a deal at Elland Road. read also:Middlesbrough players ‘told they need to take pay cuts’ Ayala, who has been at the North-East outfit since 2013, has made 23 starts and two substitute outings at the second tier of English football this season. FacebookTwitterWhatsAppEmail分享 Loading… Despite being due to depart the Riverside Stadium at the end of June, Ayala has the opportunity to pen a short-term contract in order to feature in the club’s remaining Championship fixtures. However, according to the Daily Mail, the Spaniard has informed club officials that he wishes to leave on a free transfer later this month.Advertisementcenter_img Daniel Ayala reportedly has little intention of representing Middlesbrough during the final weeks of the campaign.last_img read more

Fincantieri Launches New Bid to Delist Vard

first_imgzoom Italian shipbuilder Fincantieri has rolled out a new proposal to seek the privatization of Vard Holdings via a voluntary delisting from the Singapore Exchange Securities Trading Limited (SGX-ST).Vard’s Board of Directors is about to convene an extraordinary general meeting to seek shareholder approval for the delisting, which is also conditional upon SGX-ST’s approval.The delisting needs to be approved by a majority of at least 75 percent, and not being voted against by 10 percent, or more, of the total number of Vard shares held by shareholders present and voting.Subject to the above conditions, Fincantieri O&G, a subsidiary of Fincantieri, intends to make an exit offer for all the issued ordinary shares in Vard.Under the proposal, Vard’s shareholders will be offered SGD 0.25 in cash for each share tendered in acceptance of the exit offer, for a maximum consideration of SGD 60.9 million (approx. EUR 38.5 million).The offer price is one cent higher than the one proposed in 2016, which minority shareholders declined.Fincantieri said that the offer would be financed through available financial resources.Fincantieri O&G currently holds 936,225,710 shares in Vard, equal to around 79.34 pct of Vard’s total issued share capital.last_img read more