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South Africa seen green energy model for the continent

By Peroshni Govender CAPE TOWN (Reuters) – Africa should learn from South Africa’s renewable energy drive, which has led to a sharp drop in green power prices thanks to benign regulation and infrastructure investment, industry players said on Tuesday. Four years since President Jacob Zuma’s government launched its renewable energy plan, it has fed over 1,000 MW of power into its strained system, which regularly plunges millions of homes into

CHORUS Clean Energy flat in Frankfurt debut

FRANKFURT (Reuters) – Shares in German wind and solar park operator CHORUS Clean Energy opened flat in their stock market debut on Wednesday. CHORUS started trading at the offer price of 9.75 euros a share, which had been set at the low end of a 9.75-12.50 euro range in the 119 million euro ($133.71 million) deal, including an over allotment option. Wind park operators such as CHORUS and larger peer

Ex-U.N. General Assembly head, five others face U.S. bribery case

By Nate Raymond and Joseph Ax NEW YORK (Reuters) – U.S. authorities charged a former president of the United Nations General Assembly, a billionaire Macau real estate developer and four others on Tuesday for engaging in a wide-ranging corruption scheme. John Ashe, a former U.N. ambassador from Antigua and Barbuda who was general assembly president from 2013 to 2014, was accused in a complaint filed in federal court in New

U.S. Volkswagen hearing will have implications for industry, EPA

Volkswagen’s top U.S. executive on Thursday will field questions from U.S. lawmakers on how the automaker managed to evade pollution rules, kicking off a congressional probe into the scandal and whether other automakers might be implicated. Any issue with EPA’s operations could lead Congress to request independent government inquiries of the agency by the watchdog Government Accountability Office and the EPA Inspector General, the aides said.