Europe & UK

Activists protest against the carbon dioxide emissions trading in front of the World Congress Centre Bonn, the site of the COP23 U.N. Climate Change Conference, in Bonn

Europe & UK

German government warming toward carbon tax: paper

April 29, 2019 Anand Gupta

BERLIN: Germany looks set to introduce an economy-wide system of carbon emissions pricing after senior officials from both parties of Berlin’s governing coalition reached a consensus on the proposal, the Frankfurter Allgemeine reported on Sunday. According to the newspaper, Economy Minister Peter Altmaier, a conservative, had come round to the idea after initially opposing the […]

Europe & UK

Poland to invest in solar panels as power prices rise

April 27, 2019 Anand Gupta

WARSAW: Poland expects its power capacity to increase by at least 200 megawatts (MW) annually in coming years thanks to planned incentives for smaller electricity consumers to invest in solar panels, the entrepreneurship and technology minister said. Most electricity produced and used in Poland comes from aging coal-fueled power stations and thus a rise in […]

Europe & UK

PROVENTUS BACKS BETTER ENERGY’S PLANS WITH €80 MILLION TO ACCELERATE THE GREEN TRANSITION

April 27, 2019 Anand Gupta

Swedish credit investor and loan provider Proventus Capital Partners has become a strategic financing partner to Better Energy. A multi-year €80 million credit facility will enable Better Energy to scale up operations and speed up the tempo of the green transition in target markets. Specifically, the credit facility will finance costs associated with the construction […]

Europe & UK

France : La Banque Postale and EIB sign framework agreement to promote the development of renewable energies

April 27, 2019 Anand Gupta

As a civic-minded bank, La Banque Postale has just signed a framework agreement with the European Investment Bank (EIB) for the development of renewable energies (photovoltaic power plants and wind farms) in France. This agreement strengthens La Banque Postale’s role as a key player in financing regional energy transitions. The EIB is confident of La […]

Europe & UK

EDPR announces an €800 million Asset Rotation deal for wind farms in Europe

April 27, 2019 Anand Gupta

EDP Renewables a global leader in the renewable energy sector and one of the largest wind energy producers in the world, signed a Sale and Purchase Agreement with institutional investors advised by JP Morgan Asset Management to sell EDPR’s full equity shareholding and outstanding shareholder loans in an operating onshore wind portfolio with 997 MW […]

Europe & UK

French utility Engie to sell some German and Dutch coal power assets

April 27, 2019 Anand Gupta

Engie said it was selling those assets to investment firm Riverstone Holdings LLC and that the deal would cut Engie’s net consolidated debt by around $223 million PARIS: French utility Engie has agreed to sell some coal-fired power plants in the Netherlands and Germany, as Engie continues its strategy of disposing of non-core assets to […]

Europe & UK

Going Dutch on clean energy? Polluters push for state to split the bill

April 27, 2019 Anand Gupta

AMSTERDAM: In a meeting at the economic affairs ministry in The Hague late last year, Tata Steel’s Dutch chief Theo Henrar pledged he would spend hundreds of millions of euros to cut factory emissions – on condition the government invested a similar amount. The proposal from the industrial giant, which has not been made public, […]

Europe & UK

Fortum’s Q1 profit lags forecast on low hydropower output

April 27, 2019 Anand Gupta

Fortum’s core operating profit rose 1 percent from a year ago to $454 million but fell short of analysts’ average expectations of 419 million euros in a Reuters poll OSLO: Finnish utility Fortum reported weaker than expected profits for the first quarter on Friday as higher power prices were offset by low volumes in electricity […]

Europe & UK

RWE cancels plans for new coal plants, including Niederaussem

April 27, 2019 Anand Gupta

The company is planning a major reorganisation later this year under which RWE will take over 10,000 MW of renewable power assets from subsidiary Innogy and rival E.ON , making it the world’s number five renewables company FRANKFURT: German utility RWEis to cancel future investment in coal-fired power plants, including a large brown coal power plant […]