Chairman of Siemens Energy says that the CEO will attend Trump's meeting with business leaders.
Joe Kaeser, Chairman of the Supervisory Board at Siemens Energy, said that Christian Bruch, CEO, will be attending a meeting with U.S. president Donald?Trump? scheduled for later in Davos on Wednesday.
Germany will tender 12 gigawatts in new power plant capacity by 2026
On Thursday, Germany announced that it had reached an agreement with the European Commission regarding a plan to build power plants. It added that it would be tendering 12 gigawatts…
EnBW cancels two UK offshore wind farms, incurring $1.4 billion in impairment
EnBW, the German utility, announced on Thursday that it would take a 1.2 billion euro ($1.4 billion) impairment charge for scrapping two British wind projects. This was a direct result of losing a UK offshore tender.
Uniper signss long-term agreement with India's AM Green for green ammonia
Uniper, a German state-owned utility, announced on Monday that it had signed a long-term binding agreement with India's AM Green for the purchase of up to 500,000 tonnes of green ammonia each year.
Salzgitter sues Thyssenkrupp for HKM joint venture
A spokesperson for the company announced on Thursday that Salzgitter had filed an arbitration case against Thyssenkrupp in order to determine their future financial obligations regarding their steel joint venture HKM.
Enkraft, an activist fund, urges ABO Energy in a letter to develop a fair M&A procedure.
Enkraft, an activist fund, has written to ABO Energy in Germany to ask them to make sure that all shareholders benefit from the sales process initiated by renewable energy firm.
Enkraft, an activist fund, urges ABO Energy in a letter to develop a fair M&A procedure.
Enkraft, an activist fund, has written to ABO Energy in Germany to ask them to make sure that all shareholders benefit from the sales process initiated by renewable energy firm.
Siemens Energy finds limited synergies in onshore and off-shore wind
Siemens Energy's CEO stated on Friday that there are few synergies to be found between its onshore wind unit and its better performing offshore units. This reflects the uncertainty…
Siemens Energy will pay dividends for 2025 and raises the mid-term outlook
Siemens Energy announced on Thursday it will pay its first dividend for four years, and has also raised its outlook mid-term due to strong demand in gas turbines and transmission technology.
Source: Berlin wants to protect Rosneft Germany's arm from US sanctions
A person with direct knowledge about the discussions in the German government said that Germany was seeking exemptions from U.S. Sanctions on the German operations of Rosneft, the Russian oil company.
ABO Energy and Metzler discuss potential sale of controlling stake
A spokesperson for ABO Energy said that the private bank Metzler has been asked to provide advice on a potential deal in which the founders of the German renewables company could cede control to a third party.
RWE withdraws $10 billion Namibia Green Hydrogen Project
RWE, the German energy utility, announced on Monday it was withdrawing from Namibia's $10 Billion Hyphen green ammonia Project. This is a blow for Namibia's ambitions of becoming a hydrogen hub.
Due to economic and regulatory conditions, Salzgitter has delayed the later stages of its green steel project.
Salzgitter, Germany's 2nd largest steelmaker, announced on Thursday that it had decided to postpone the expansion of a crucial green steel project for three years. The CEO also…
Thyssenkrupp's deputy chairman votes against new CEO contract due to 'fundamental distrust'
T hyssenkrupp’s deputy chairman, who sold a stake in the steel unit to billionaire Daniel Kretinsky, will vote against extending the contract of Miguel Lopez on Friday. He said…
Thyssenkrupp separates automotive and materials trading units with latest overhaul
Thyssenkrupp announced on Monday that it will separate its automotive, materials-trading and green technologies divisions over the next few years. This is the latest restructuring effort by the German conglomerate.
Siemens Energy's profits are expected to be hit by tariffs of less than $113 million.
Siemens Energy, a maker of power equipment, said on Thursday that it expected a loss of profits of less than $100 million euros (113 million dollars) in the rest of its fiscal year.
Thyssenkrupp Steel unit to terminate supply contract with HKM - union
The IG Metall union, which represents the largest German steelmaker T hyssenkrupp Steel Europe, announced on Thursday that it intends to end a contract of supply with HKM. This…
Siemens Energy sells a majority of its Indian wind unit to TPG, a TPG-led investor consortium
Siemens Energy said it will sell 90% its wind turbine business to an investor group headed by the climate investment division of TPG's buyout group. The move is part of a drive to focus on core markets.
Two former Siemens executives to be tried for violating Russia sanctions in Germany
The court announced on Friday that a German court had decided to initiate a criminal case against two former Siemens executives who were accused of violating the sanctions by exporting…
Two former Siemens executives to be tried for violating Russia sanctions in Germany
The court announced on Friday that a German court had decided to initiate a criminal case against two former Siemens executives who were accused of violating the sanctions by helping…