Tag: Construction

European Developers Are Wooing Wine Lovers With Their Own Hassle-Free Vineyards
World

European Developers Are Wooing Wine Lovers With Their Own Hassle-Free Vineyards

With careers in Northern California’s tech sector and a primary home on the eastern shore of San Francisco Bay, Clifton Lewis Lyles and his wife, Serene Lewis Lyles, have long spent their down time among the vineyards and wineries of Sonoma and Napa counties. Now in their early 50s, the two are getting ready for something new—their own bit of vineyard and their own private wine label, some 5,500 miles away in the Alentejo region of Portugal.   The opportunity comes with their new vacation home: a two-bedroom, 2,500-square-foot villa, currently under construction, in L’and Vineyards, a luxury development about an hour’s drive from Lisbon. The 163-acre estate, with 15 acres of vineyards, lets its homeowners—spread across a total of about 80 units in the coming years—become de facto wine...
The New Green Investment: Getting Clean Energy to Big Cities
World

The New Green Investment: Getting Clean Energy to Big Cities

Updated Dec. 4, 2023 7:45 am ETU.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Failure of Bid for Origin Energy Signals Rising Power of Funds
World

Failure of Bid for Origin Energy Signals Rising Power of Funds

Dec. 4, 2023 11:47 pm ET|WSJ ProSYDNEY—The failure of an US$11 billion takeover bid for Origin Energy marks the beginning of a cycle where long-term investors could play a more dominant role in capital markets.That is the view of Andrew Polson, chief executive of Frontier Advisors, which advises institutional clients who own around 630 billion Australian dollars (US$417.12 billion) in assets. After a wave of mergers in recent years, pension funds in Australia have been increasing their firepower to support investments by companies that until now have largely had to turn to banks, a deep-pocketed buyer or equity raising.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
JCB India foresees double digit growth in 2024 sales: CEO & MD Shetty
Business

JCB India foresees double digit growth in 2024 sales: CEO & MD Shetty

JCB India, the leading heavy construction machine manufacturer, foresees double-digit growth in volume sales for 2024, buoyed by escalating infrastructure development in the country, its Chief Executive Officer and Managing Director Deepak Shetty said on Monday. The company achieved domestic sales of approximately 35,000 machines in 2022 and anticipates reaching around 45,000 units for 2023, reflecting a robust 30 per cent annual growth. On Monday, the company unveiled its maiden machine powered by a newly developed hydrogen combustion engine in the presence of Minister for Road Transport and Highways Nitin Gadkari. When queried about the scale of the hydrogen project in India, Shetty responded that it will be developed concurrently with the nationwide expansio...
China Evergrande Avoids a Debt Disaster—for Now
World

China Evergrande Avoids a Debt Disaster—for Now

China Evergrande Group, the giant property developer whose default two years ago fueled a crisis in the country’s real-estate market, got some unexpected good news on Monday.The company, once China’s largest property developer by sales, was given until late January 2024 to reach a debt restructuring deal, after Hong Kong’s High Court postponed a hearing that could have pushed Evergrande into liquidation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The New Green Investment: Getting Clean Energy to Big Cities
Money

The New Green Investment: Getting Clean Energy to Big Cities

U.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The New Green Investment: Getting Clean Energy to Big Cities
World

The New Green Investment: Getting Clean Energy to Big Cities

U.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Brookfield-Led Consortium’s $11 Billion Bid for Origin Energy Fails
World

Brookfield-Led Consortium’s $11 Billion Bid for Origin Energy Fails

SYDNEY—An US$11 billion bid for Origin Energy, one of Australia’s largest power companies, was rejected by its shareholders on Monday in a stark illustration of how investors are adopting different strategies to bet on the energy transition.Origin said that shareholders owning about 69% of its stock voted for the takeover, meaning that the bid made by a consortium led by Brookfield Asset Management fell short of the 75% approval threshold needed to secure a deal.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8