Europe & UK

Europe & UK

German auto industry needs ‘up to €20bn’ from government for switch to electric cars

January 16, 2020 Anand Gupta

The German Automotive Association (VDA) has called for the government to allocate billions to support a complete structural change in the industry as it moves away from combustion engines towards producing electric cars. “I think we’re a talking about a double-digit billion amount that we need in total for the supplier and automotive industries,” […]

Europe & UK

European EV Platform Everon Rolls Into US in Partnership With Arcadia

January 14, 2020 Anand Gupta

Collaboration would make it easier for electric car owners to charge up using renewable energy while keeping their billing simple. Arcadia, a clean-energy access startup, is helping European electric-vehicle charging platform Everon make its first foray into the United States with a new partnership announced Friday. “In general, EV charging is hard for customers, especially […]

Europe & UK

Siemens Gamesa buys wind turbine assets from Germany’s Senvion

January 14, 2020 Anand Gupta

Siemens Gamesa said it had acquired large parts of Senvion’s services business across 13 European countries Frankfurt am Main: Wind turbine maker Siemens Gamesa said it had completed the 200-million-euro ($220-million) purchase of key assets from insolvent German rival Senvion, part of a deal set to secure some 2,000 jobs. In a statement late Thursday, […]

Europe & UK

Poland: PGE Capital Group to carry out wind farm projects with support from the EIB

January 14, 2020 Anand Gupta

New onshore wind farms with a combined capacity of up to 97 MW will be located in northern Poland Tangible commitment by PGE to invest in renewable sources of energy will help to decarbonise the energy sector in Poland PGE Polska Grupa Energetyczna has entered into a credit agreement with the European Investment Bank (EIB) […]

Europe & UK

French solar farm owner to increase spending

January 11, 2020 Anand Gupta

PARIS: French solar farm developer Tenergie SAS and a financial partner are considering a capital spending increase and plan to buy clean power operators to help expand into the wind and hydro-power sectors as demand for cleaner energy continues to increase. Tenergie wants to diversify its business to better position itself to sell renewable power […]

Europe & UK

E.ON successfully raises €2.25 billion of bonds – €1 billion again as green bond

January 10, 2020 Anand Gupta

Early refinancing of 2020 bond redemptions Green bond issuance to fund sustainable infrastructure and energy efficiency projects All bonds met very high investor demand Today, E.ON issued three bond tranches with a combined volume of €2.25 billion. The high level of demand enabled E.ON to secure favorable interest terms across all maturities: €750 million […]

Europe & UK

France will not decide on new nuclear reactors before end of 2022

January 10, 2020 Anand Gupta

French Energy Minister Borne told a parliamentary hearing the decision on new reactors will come after the start-up of EDF’s Flamanville 3 EPR reactor PARIS : The French government, which has asked state-controlled utility EDF to look into the feasibility of building six new EPR reactors, said it would not decide whether to go ahead […]

Europe & UK

EDF plans subsidy-free British onshore wind farm

January 10, 2020 Anand Gupta

The business already owns and operates two onshore wind farms in Wales, with a combined capacity of almost 25 MW LONDON : EDF Renewables plans to build a 110 megawatt (MW) wind farm in Britain, capable of providing power to about 66,000 homes, it said on Thursday. Britain last year became the first G7 country […]

Europe & UK

Enel Green Power smashes 3GW annual capacity mark

January 10, 2020 Anand Gupta

Enel Green Power (EGP) installed more than 3GW of renewables worldwide in 2019, reaching a total managed capacity of around 46GW. The 3029MW deployed last year was a record for the Italian developer, beating the previous best set in 2018 by around 190MW. The renewable capacity built by EGP in 2019 includes around 47 projects, […]

General Economic Imagery From Arizona Ahead Of The Republican Primary

Europe & UK

Germany’s RWE Fires Up a Solar Farm in Texas Oil Country

January 7, 2020 Anand Gupta

RWE AG, a German utility, completed construction of a 100-megawatt solar farm in heart of the West Texas oil patch. The facility, southwest of Midland-Odessa in the Permian Basin, has a long-term contract with SK E&S Co., a South Korean natural-gas and renewable-power company. It’s RWE’s first solar project in Texas, the company said […]