Monday, July 13, 2020

Christoph Steitz News

Innogy Shares to be Delisted as E.ON Completes Takeover

llustration only. Image by Peterjohn Chisholm - AdobeStock

Shares in Innogy, once Germany's No.1 energy group by market cap, are expected to be delisted this week, as rival E.ON said it completed a buy-out of minority shareholders as part…

RWE Sanctions 342 MW Offshore Wind Farm Project

Image Credit: innogy

RWE, Europe's third-largest renewables group, has taken a final investment decision for a 342 megawatt wind project off the German coast, its green energy unit said on Friday.Contracts…

RWE Enters Taiwanese Offshore Wind Market

Image by Innogy

RWE, Europe's third-largest renewables group, is partnering with Taiwan's Asia Cement Corp to enter one of the strongest-growing offshore wind markets outside Europe, its renewable…

RWE Open to Partnerships in US Wind

(Photo: Lutz Kampert, Dortmund / RWE)

German utility RWE would consider teaming up with peers and oil companies to make a move in the U.S.

Nordex Gives Strong Sales Outlook

(Photo: Nordex)

Wind turbine maker Nordex on Tuesday forecast higher-than-expected sales for the current year, pushing its shares up 5.6 percent in early trade.The group expects revenues of 3.2 billion to 3.5 billion euros ($3.62-$3.96

EnBW Open to Partnerships in U.S. Offshore Wind Expansion

© rost9 / Adobe Stock

German utility EnBW could seek more partners in its planned push into the burgeoning U.S. offshore wind sector, its chief executive said.EnBW has already formed a joint venture…

RWE Could Spend up to $2.8 bln a Year on Renewables

Photo: RWE

RWE, which will become the world's No.2 offshore wind player following a deal to break up its Innogy unit, could spend about 2.5 billion euros ($2.8 billion) a year to expand its renewables business, its chief executive

Uniper intensifies LNG plans with Japan's Mitsui OSK

A rendering of a typical FSRU.  Credit: Sener

Mitsui OSK Lines to own, fund FSRU in Wilhelmshaven; FSRU could be operational in H2 2022.Energy group Uniper on Monday entered agreements with Japanese shipping group Mitsui OSK…

EnBW Cuts Renewables Outlook

(Photo: EnBW)

German energy group EnBW on Monday cut the outlook for its renewables division after low wind and water levels hurt the output at its hydroelectric power plants and wind parks.The…

Siemens Gamesa Plans Assembly Plant in Taiwan

(Photo: Orsted)

Wind turbine maker Siemens Gamesa will build an assembly plant in Taiwan if it gets a firm order from Denmark's Orsted to supply its 900-megawatt Greater Changhua offshore wind farm…

​​​​Google Buys into New Finnish Wind Energy in Renewables Search

© W.Scott McGill/ Adobe Stock

Google said it has signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of its data centers.Big companies have rushed to secure cheap renewable

Innogy Sells Stake in $2.6 Bln Offshore Wind Project

(Photo: Vestas)

German energy group Innogy will sell a 41 percent stake in its 2 billion pound ($2.6 billion) offshore wind farm Triton Knoll to Japan's Electric Power Development Co and Kansai Electric Power Co…

Nordex scores biggest ever single contract

(Photo: Nordex SE)

German wind turbine maker Nordex on Tuesday said it had won a contract to supply and install 191 wind turbines with a capacity of 595 megawatts in Brazil, marking the company's…

Siemens CEO Tries to End Row with Iberdrola Over Siemens Gamesa

Joe Kaeser (Photo: Siemens)

Siemens on Wednesday tried to end a dispute with Spanish utility Iberdrola over Siemens Gamesa, the world's second-largest wind turbine maker in which they both hold significant stakes.

Innogy Takes Stake in 600MW Dublin Array Project

© Byron Moore / Adobe Stock

German Innogy on Monday said it was working with Ireland's Saorgus Energy to develop a 600 megawatt Dublin Array offshore wind project, adding it had taken an equal share in the asset.

E.on Says Could Gain Control of Innogy without Higher Offer

(Photo: Innogy)

E.ON could gain full control of Innogy without raising its 40-euros-per-share ($49.5) bid for minority shareholders, its Chief Executive said after clinching a deal to buy RWE's 76.8 percent majority stake in the group.

France's Engie Exploring Sale of German Power Plants

© Irina K. / Adobe Stock

French energy group Engie is considering selling its power plant assets in Germany in a deal that could fetch a few hundred million euros, two people familiar with the process told Reuters.

Germany Awards Higher Prices in Onshore Wind Power Auction

© Daniela Strauch / Adobe Stock

Germany's network regulator agreed to pay higher prices for onshore wind power in its latest capacity auction, it said on Tuesday, reflecting a new set of rules that made it harder for citizens' co-operatives to compete.

Vestas Bets on Geared Turbines in Tough Wind Markets

File Image (CREDIT: AdobeStock / (c) JJAVA)

Geared turbines said to be cheaper than direct drive rivals and the wind power industry is facing severe cost pressures. Vestas is betting on geared wind turbine technology to meet…

E.ON Workers to Stage Strikes Over Wages

Photo: E.ON

About 10,000 workers at German energy group E.ON have been called on to stage strikes from Monday, Feb. 19, trade union IG BCE said in a statement on Friday, after a second round of wage talks ended without an agreement.