Dutch utility Eneco has started to purchase power produced by the prototype of GE Renewable Energy’s Haliade-X 12 MW wind turbine. GE Renewable Energy has described it as the “world’s most powerful offshore wind turbine.” In September 2018, MHI Vestas Offshore Wind launched what it described as “the wind industry’s first commercially available double-digit wind turbine”, the V164-10.0 MW. As a region, Europe is a major player in the offshore wind sector. The facility uses 87 turbines – 40 MHI-Ve

The Senate voted overwhelmingly to pass the multi-billion dollar billion defense policy bill, formally known as the National Defense Authorization Act (NDAA), on Tuesday. SanctionsThe defense bill says that no later than 60 days after it’s enacted, a report should be filed to congressional committees identifying vessels that are “engaged in pipe-laying” for Nord Stream 2. Race against timeThe U.S. sanctions would not have mattered at all if Nord Stream 2 had been completed on time. A worker is s

Futures point to modest Wall Street gains1 Hour AgoU.S. stock index futures turned slightly higher Wednesday morning following Tuesday’s close, when the S&P closed higher for the fifth consecutive session. CNBC’s Rahel Solomon reports.

U.S. government debt prices were higher Wednesday morning, as investors seek more clarity over U.S.-China trade developments. ET, the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.8679%, while the yield on the 30-year Treasury bond was also lower at around 2.2952%. Market focus is largely attuned to global trade developments, as investors await more details about a preliminary agreement between the U.S. and China. Late last week, President Donald Trump an

China-built Tesla Model 3 with its brand name in Chinese characters is unveiled at a Tesla store on November 22, 2019 in Shanghai, China. China’s homegrown Tesla Model 3 will be sold at a starting price of 355,800 yuan (about 50,560 US dollars). U.S. electric vehicle maker Tesla is considering cutting the prices of its China-built Model 3 sedans by 20% or more next year, Bloomberg reported on Wednesday, citing people familiar with the plans. Prices of the cars, which will be manufactured in Tesl

A winning Mega Millions ticket worth $372 million was sold at a Giant Eagle supermarket in Mentor, a suburb of Cleveland. It’s the 20th Mega Millions jackpot ticket sold in Ohio since the Ohio Lottery began selling Mega Millions in 2002. The ticket holder used the auto lotto feature to purchase the winning ticket. The Ohio Lottery last hit the Mega Millions jackpot May 4, 2018. That ticket, worth $142 million, was sold in Moraine.

A U.S. bankruptcy judge approved on Tuesday PG&E’s $13.5 billion settlement with victims of Californian wildfires, and the company’s stock rallied as the utility gained momentum to emerge from bankruptcy in June as planned. The settlement provides cash and PG&E stock to a trust for the benefit of individual wildfire victims. Adding momentum to PG&E’s plan, a lawyer for Governor Gavin Newsom told Montali the governor viewed the wildfire settlement as fair. Bondholders want wildfire victims to hav

Shared workplace operator WeWork said on Tuesday it has arranged a $1.75 billion letter of credit with Goldman Sachs that is in the process of being syndicated and whose funds are expected to be available in January. The credit line is part of SoftBank’s $9.5 billion bailout that was announced in October when money-losing WeWork was on the brink of running out of cash after its plans to go public were abruptly withdrawn a month earlier. “We are pleased that WeWork and SoftBank Group Corp have en

A Jeep Renegade 4×4 e is presented at the Geneva Motor Show March 5, 2019. Signage in the background says”‘FCA Fiat Chrysler Automobiles,” to which Jeep belongs. Fiat Chrysler Automobiles and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will reshape the global car industry. France’s PSA and Italian-American Fiat Chrysler (FCA), which are yet to decide on a name for their new company, will now start work on delivering their pledge to cut costs by 3

There was no meaningful move in mortgage rates last week, so there was no particular reason for consumers to make a move. Total mortgage application volume fell 5% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Yet volume was 65% higher compared with the same week one year ago, when interest rates were considerably higher. Applications were still 135% higher than the a year ago, because interest rates are nearly a full percentage point lower no

President Donald Trump adjusts his jacket during a tour of Apple’s Mac Pro manufacturing plant in Austin, Texas, November 20, 2019. The poll of 800 Americans nationwide found that 45% disapprove of Congress impeaching Trump and 44% approve, little changed from September. Of those who have an opinion, 10% say they are open to changing their minds and 11% are unsure. The poll shows a massive partisan split, with 78% Democratic support for impeachment and 83% Republican opposition. Independents dis

Boris Johnson to pursue his preferred Brexit strategy more aggressively now he has majority office, says risk consultantAlexandra Kellert of Control Risks told CNBC now that U.K. Prime Minister Boris Johnson has his majority office, he can push his stance on Brexit even more aggressively.

Former U.S. President Barack Obama speaks on the stage as he attends an Obama Foundation event in Kuala Lumpur, Malaysia, 13 December 2019. What three things keep Barack Obama up at night? If those issues are not tackled soon, “we could end up having even greater problems than we do today,” he told a sold-out audience in Singapore on Monday at an hour-long event, “In Conversation with President Barack Obama.” Barack Obama former U.S. president”And the losers started feeling besieged,” he said. B

Japan’s exports slipped for a 12th straight month in November, as declining shipments to the United States and China hit the trade-reliant economy, raising the risk of a fourth-quarter contraction. Official data released on Wednesday showed Japan’s exports fell 7.9% year-on-year in November, a smaller decline than the 8.6% decline expected by economists in a Reuters poll. Japan’s economy grew at a much faster pace than initially reported in the third quarter, data showed last week, largely thank

President Donald Trump and North Korea’s leader Kim Jong-un stand on North Korean soil while walking to South Korea in the Demilitarized Zone (DMZ) on June 30, 2019, in Panmunjom, Korea. Brendan Smialowski | AFP | Getty ImagesNorth Korea’s Christmas gift for the U.S. may be a long-ranged missile, according to a MIT professor. Reuters reported that the U.S. special envoy for North Korea, Stephen Biegun, urged Pyongyang on Monday to return offers of talks. Meanwhile, “Kim will likely try to outdo

European stocks were mixed on Wednesday morning as investor caution returned following U.K. Prime Minister Boris Johnson’s vow to block an extension of EU trade talks beyond 2020, reviving fears of a “cliff-edge” Brexit. The pan-European Stoxx 600 inched 0.1% higher in early trade, autos and basic resources falling 0.2% while media stocks advanced 0.6%. Asian markets were mixed on Wednesday afternoon, with Japanese shares leading losses after data revealed a sharp fall in exports. Investors are

U.S. Secretary of State Mike Pompeo on Tuesday came out in support of Arsenal player Mesut Ozil for his criticism of China’s treatment of ethnic Uighur Muslims, saying Beijing can censor the team’s football games but cannot hide rights violations. “China’s Communist Party propaganda outlets can censor Mesut Ozil and Arsenal’s game all season long, but the truth will prevail,” Pompeo tweeted. Washington has been ratcheting up its criticism of Beijing over Uighurs simultaneously as it has continue

China and Russia are pushing the to lift some sanctions on North Korea to ease the country’s humanitarian concerns and to “break the deadlock” in stalled between Washington and Pyongyang, China’s U.N. ambassador said on Tuesday. A resolution needs nine votes in favor and no vetoes by the United States, France, Britain, Russia or China to pass. Ambassador to the United Nations Kelly Craft posted on Twitter on Tuesday: “The @UN Security Council has and should always speak in unison on North Korea.

A Prime Air cargo plane, operated by Amazon.com Inc., sits on display with other passenger jets during the 53rd International Paris Air Show at Le Bourget, in Paris, France. Amazon is turning to an unlikely partner to help expand its package-delivery business: a low-cost airline. Amazon has been growing its Amazon Air unit, which currently counts on cargo airlines Atlas Air and ATSG to fly its packages. Then Amazon earlier this year came back to Sun Country about a cargo deal. Sun Country will a

Eco-luxury interiors at EcoCamp Patagonia. A dome away from homeNestled in the heart of Chile’s Torres del Paine National Park, EcoCamp Patagonia is billed as the world’s first geodesic dome hotel. The resort offers recycling, power and water efficiency and provides guests with an opportunity to help restore Torres del Paine’s lost forest. The rooms at Explora Patagonia are a chance to disconnect from your tech devices. Courtesy of Explora PatagoniaThe company is also launching a sister hotel, E