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The U.S. Environmental Protection Agency has allocated $4.3 billion in funding for emissions reduction projects in 30 states.
The Environmental Protection Agency of the USA is set to provide a $4.3 billion grant to support projects to reduce climate pollution in 30 states. This funding will be used for 25 different projects aimed at tackling greenhouse gas emissions from transportation, electrical utilities, businesses, residential buildings, industrial facilities, agriculture, waste, and material management. Michael Regan, the head of the Environmental Protection Agency, said that these grants were approved by the Democratic Party in Congress as part of the 2022 climate bill. The formal name of this law is the "Inflation Reduction Act".
Overnight news: White House raises its 2024 US economic growth and inflation forecasts. CrowdStrike causes the largest IT failure in history. Duff & Phelps says that Biden's withdrawal from the race is unfavorable to the US dollar.
For more global financial information, please visit the 7x24-hour real-time financial news market closing: The Dow fell 370 points, and the S&P index recorded its largest weekly decline in three months. The top 20 US stock transactions on July 19: CrowdStrike caused the largest IT system failure in history. WTI crude oil fell 3.3%, and investors focused on the Gaza ceasefire hopes. Popular Chinese concept stocks rose and fell on Friday, and New Oriental rose 3.2% while Taiwan Semiconductor fell 3.6%. European stocks collectively fell: German Dax30 index fell 1.09%. The White House's macroeconomic outlook for 2024 raises US economic growth and inflation forecasts, calling for the passing of the torch.
SunPower's stock price fell below $1, with a target price of $0 from Guggenheim.
This week, SunPower's stock price plummeted by 70%. Prior to this, the company notified dealers that it would no longer support new leases, installations, or product shipments, and analysts largely viewed the company as on the verge of collapse. According to a letter obtained by Roth MKM on July 17th, this residential solar installation company informed its dealers that they recognize the seriousness of this decision and are looking for alternative suppliers to transfer the projects already sold. SunPower's stock has lost almost all of its value in the past 12 months, with its stock price falling 93% on Friday to a trading price of 79 cents. The Guggenheim certificate
CECEP Solar Energy (000591.SZ): Its subsidiary, Zhenjiang company, has business sales of products in the Middle East.
Cecep Solar Energy (000591.SZ) stated on the investor interaction platform on July 19 that its subsidiary, Zhenjiang Company, has product sales business in the Middle East.
Citigroup expects India to attract $100 billion in foreign investment.
A banker from Citigroup stated that foreign investors may invest up to 100 billion dollars in India this fiscal year, attracted by India's high-tech manufacturing, infrastructure, and climate change projects, in the country with the largest population in the world. K Balasubramanian, head of Citigroup's enterprise banking business in Southeast Asia and the Indian sub-continent, said companies committed to helping India achieve net-zero emissions targets will be among the beneficiaries of foreign capital inflows. "Climate change is gaining momentum and may trigger an influx of foreign capital," Balasubramanian said in an interview in Mumbai. The Indian government's goal is to
Due to the government's soaring spending, Germany plans to reduce subsidies for wind power.
Due to rising government costs, Germany plans to cut and reform subsidies paid to renewable energy producers, which could exacerbate uncertainty in future investments. According to the budget proposal approved by the Cabinet on Wednesday, funding for medium and large-scale projects will be canceled from January if electricity prices drop below zero. Negative prices occur when electricity supply exceeds demand, such as when wind and solar power generation reach their peak due to weather conditions. The government currently ensures that renewable energy producers receive a guaranteed minimum price, and due to the decline in wholesale electricity prices since the worst period of the energy crisis, the government has to pay the difference. The state estimates that
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