U.S. climate law offers major boost to Korean clean energy firms

Floating solar panels manufactured by Hanwha Solutions on the Hapcheon Dam in Hapcheon, South Korea, on Feb. 8. More than 92,000 solar panels floating on the surface of a reservoir are able to generate 41 megawatts, enough to power 20,000 homes. | BLOOMBERG

South Korean clean-energy companies are major foreign winners from Washington’s landmark climate law as they benefit from tax credits and a turn away from China. Hanwha Solutions, a solar equipment maker with manufacturing and research sites in North America, said it’s expecting to get more than $200 million in tax credits annually from next year.

China’s cities face tough choice: More green energy or food

Submerged buildings after heavy rain caused flooding in Panjin, China's northeastern Liaoning province, on Aug. 4 | AFP-JIJI

China’s plans to accelerate its world-leading expansion of solar and wind power are facing a major hurdle as floods, droughts and food-supply issues present authorities with a reality check on how much precious farmland the nation can afford to lose. Solar and wind farms have been supercharged in the past two years since Chinese President

Red-hot lithium boom pits Wall Street against the wonks

A view of a brine pool — part of a lithium mine on the Atacama salt flat in the Atacama desert in Chile. | REUTERS

There’s a fight brewing in the lithium market, after a controversial forecast from Goldman Sachs Group analysts set off a backlash among some of the industry’s most prominent experts. Lithium is a vital component of electric-vehicle batteries, which means the outlook for supply, demand and pricing is increasingly consequential. For years, a small group of

Reindeer herders push to reclaim land from Norway’s wind farms

Lena Haugen, a native reindeer herder, in Fosen, Norway, on Jan. 25 | BLOOMBERG

These same peaks are essential to the kingdoms wind energy strategies, and native herder Lena Haugen says her people pay the price.Snaking through the snowy surface are dozens of sky-high wind turbines, built on Sami land by state-controlled Fosen Vind. The new federal government– which has assured to make Norway a leader in respecting Indigenous

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