Europe & UK

Europe & UK

German power grids spend 750 mln euros as Frankfurt adds data centres

August 21, 2020 Anand Gupta

More power is also required to digitalise the German energy industry’s transition to reliance on volatile green power, and to support the mass arrival of electric cars FRANKFURT: German electricity grid and utility firms on Thursday said they will spend 750 million euros ($888 million) on boosting networks to meet more power demand from data […]

Europe & UK

RWE eyes renewables deals as part of $8.4 billion expansion: CFO

August 20, 2020 Anand Gupta

FRANKFURT/DUESSELDORF: Germany’s largest power producer RWE (RWEG.DE) plans to spend part of its 7 billion euro ($8.4 billion) war chest on growing its 24.7 gigawatt pipeline of renewables projects, its CFO said, just weeks after BP (BP.L) announced a major low-carbon push. “A pipeline needs to be worked on constantly. It doesn’t grow overnight,” Markus […]

India’s wind, solar generation share spikes in 5 years

Europe & UK

Germany’s RWE rakes in $2.4 billion to fund renewable energy expansion

August 19, 2020 Anand Gupta

The move increases RWE’s share capital by 10 per cent and was successfully placed with institutional investors via an accelerated bookbuilding process, RWE said in a statement issued after the Frankfurt market close BERLIN: German utility RWE on Tuesday completed a 2 billion euro ($2.4 billion) share issue to back its expansion into renewable energy, […]

SJVNL to commission 100 MW solar plant in Gujarat

Europe & UK

Germany’s RWE rakes in $2.4 billion to fund renewable energy expansion

August 19, 2020 Anand Gupta

BERLIN: German utility RWE (RWEG.DE) on Tuesday completed a 2 billion euro ($2.4 billion) share issue to back its expansion into renewable energy, including its $480 million purchase of wind turbine maker Nordex’s (NDXG.DE) project development pipeline. The move increases RWE’s share capital by 10% and was successfully placed with institutional investors via an accelerated […]

Badger joins solar grid, but NH lags behind New England region

Europe & UK

China Three Gorges enters Spanish energy market with solar plants buy

August 19, 2020 Anand Gupta

MADRID: China’s state-owned energy and infrastructure giant China Three Gorges (CTG) has agreed to buy 13 Spanish solar plants built by Madrid-based renewables firm X-Elio, marking its entry into the Spanish energy sector, X-Elio said on Tuesday. The expansion into Spain follows CTG’s purchase of a 23% stake in Portugal’s largest utility EDP-Energias de Portugal, […]

Europe & UK

Germany: EIB provides The Mobility House with €15 million for smart charging technology

August 18, 2020 Anand Gupta

EIB finances The Mobility House with €15 million to boost intelligent integration of electric vehicles into the power grid The loan is supported by the European Commission under ‘InnovFin Energy Demonstration Projects’ facility ChargePilot, The Mobility House’s Charging and Energy Management system, has proven a successful non-proprietary and open technology contributing to a zero-emission […]

Europe & UK

EUROPE POWER-Spot prices rise on lower renewable, nuclear generation

August 18, 2020 Anand Gupta

PARIS: Prompt power prices rose in the European wholesale market on Monday as German wind power supply was forecast to dip and French nuclear availability fell as several reactors went offline for maintenance. * The price of over-the-counter baseload power for Tuesday delivery in Germany was at a one-month high of 41.90 euros ($49.66) a […]

Europe & UK

Spain: EIB to provide €95 million to finance 40 climate action projects in Barcelona

August 4, 2020 Anand Gupta

The agreement between the Municipality of Barcelona and the EIB will promote urban regeneration through investments in energy efficiency and social infrastructure. 1 500 jobs will be created during the construction phase as part of the green recovery. The projects promoted will help the city’s economic recovery and job creation. The European Investment Bank (EIB) will […]

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Europe & UK

Portugal: EIB supports The Navigator Company’s decarbonisation strategy with €27.5 million

August 4, 2020 Anand Gupta

The European Investment Bank (EIB) will support The Navigator Company, a major Portuguese industrial group and Europe’s leading pulp and paper manufacturer, with a €27.5 million loan for the construction and operation of a new biomass boiler at their integrated mill facility located in Figueira da Foz, a cohesion region in Portugal. This project […]

Europe & UK

European Energy unloads 50-MW solar farm in Denmark

August 3, 2020 Anand Gupta

Danish renewables developer European Energy A/S today said it has agreed to offload a 50-MW solar park in Denmark to German investment management company LHI Grouap. The value of the deal was not disclosed in European Energy’s press statement. The agreement covers the sale of its Hanstholmvej solar farm, which the developer claims is the […]