Europe & UK

Europe & UK

Germany’s RWE first half core profit surges on energy trading boost

August 14, 2019 Anand Gupta

First-half adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 20% to 1.37 billion euros ($1.53 billion) FRANKFURT: RWE, Germany’s largest power producer, on Wednesday said its core profit rose by a fifth in the first half of 2019, boosted by a stronger-than-expected performance at its energy trading unit. First-half adjusted earnings before interest, […]

Europe & UK

Germany’s Merkel to stick to ‘black zero’ budget

August 13, 2019 Anand Gupta

Berlin : German Chancellor Angela Merkel will stick to the principle of black zero in the federal budget that avoided creating new debts for more climate protection measures, government spokesperson Steffen Seibert has announced. Seibert said on Monday that Merkel had never left any doubt that she was “committed” to the goal of a balanced […]

Europe & UK

Peak energy, peak oil, and the rise of renewables: An executive’s guide to the global energy system

August 10, 2019 Anand Gupta

Global energy demand is headed toward a plateau over the next ten to 20 years, as the world focuses on electrification, energy efficiency, and more service-driven economic growth. DOWNLOADABLE RESOURCES Article (PDF-528KB) Click on time stamps in the transcript to listen to the relevant sections of audio. About the author(s) Namit Sharma is a senior partner […]

Europe & UK

A Green Economy Grows in Denmark

August 10, 2019 Anand Gupta

With its lively waterfront, tree-lined canal, and red-brick buildings topped by steep gunmetal-gray roofs, Aarhus looks like just another coastal city in Northern Europe. But get closer, and what comes into focus is a place central to the continent’s remarkable shift to renewable energy. Down by the docks, at a facility nestled among huge oil […]

Europe & UK

E.ON celebrates grand opening of Stella Wind Farm

August 9, 2019 Anand Gupta

Project represents investment of more than $200 million in Kenedy County AUSTIN, Texas: E.ON today celebrated the grand opening of its Stella Wind Farm, a 201 megawatt (MW) project, located in Kenedy County, Texas. “In addition to creating high-paying local jobs, the Stella Wind Farm will generate more than $25 million in local community benefits over the life […]

Europe & UK

Uniper, Fortum in constructive but complex talks over future

August 9, 2019 Anand Gupta

Uniper boss Andreas Schierenbeck, in the job since June, has been tasked with working out a solution for the situation, which also involves activist funds Elliott and Knight Vinke, jointly holding a stake of nearly 23% FRANKFURT/DUESSELDORF, Germany: German energy firm Uniper is holding constructive but complex talks with top shareholder Fortum over their future […]

Europe & UK

Photon Energy Reports 17.6% Revenue Growth and Positive Results in 2019Q2

August 8, 2019 Anand Gupta

Revenues increased by 17.6% to EUR 7.941 million and EBITDA growth by 3.8% to EUR 3.515 million New Projects of 16.3 MWp Acquired; 50 MWp Target in Hungary Increased to 75 MWp by 2021 15.8 MWp of PV power plants under construction in Hungary and Australia Amsterdam : Photon Energy N.V. (WSE: PEN, the ‘Company’) […]

Europe & UK

UPDATE 1-Enel upbeat on outlook after renewables and grids boost earnings

August 2, 2019 Anand Gupta

MILAN: Europe’s biggest utility Enel painted an upbeat outlook after posting a strong rise in earnings in the first six months driven by its green energy and network businesses. “Our next Capital Markets Day will be hinged on strong organic growth fueled by strong cash flows,” CEO Francesco Starace told analysts. Enel, which controls Spanish […]

Europe & UK

Senegal: Proparco, IFC and EIB finance the construction of two new solar power plants as part of the Scaling Solar program

August 1, 2019 Anand Gupta

Through the financing of the construction of two solar power plants in Senegal, Proparco, IFC and EIB are reaffirming their commitment to sustainable development on the African continent. These two new large-scale power plants, the 7th and 8th built in Senegal in less than 3 years, illustrate the strong momentum underway in the country towards […]

Europe & UK

Germany’s power export surplus narrowed 11.7% in H1 -data

July 31, 2019 Anand Gupta

Neighbouring countries are watching Germany’s export ability because it has an impact on their on capacity planning in an increasingly interconnected region FRANKFURT: Germany reduced its traditional net electricity surplus by 2.8 TWh or 11.7% in the first half of 2019 compared with the same 2018 period due to fuel and carbon price effects, […]