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Posts Tagged ‘germany’

8 April 2014

German parliament approves scaling back green subsidies, capping wind, solar expansion

merkel170 Germany’s cabinet has approved draft energy reforms in a move designed to curb a rise in the cost of electricity blamed on the nation's boom in green energy.

26 March 2014

Germany, Norway talks stall over deep sea cable concerns

hydroelectric170 Talks between Germany and Norway on trading electricity generated by renewable sources are seeing delays due to worries about the profitability of a planned power cable under the North Sea.

13 March 2014

Eon warns European renewable policy threatens energy security

Germany's biggest utility, Eon, is shutting nearly 13GW of plant capacity and has proposed halving its dividend to €0.60 per share blaming the surge in European renewable energy production that has wrong-footed utilities across the continent – making many conventional fossil-fuelled thermal plants redundant and leading to a collapse in wholesale power prices.

13 March 2014

Industry warns Germany may miss solar expansion target

Ninety per cent of German solar companies are concerned that a planned renewable energy tax policies will cause Germany to miss its solar power expansion target according to a poll by BSW Solar, a lobby group for the industry.

6 March 2014

SolarWorld 2013 revenues drop 25 per cent to €456m, aims for positive 2014p

German solar manufacturer SolarWorld's revenues dropped 25 per cent in 2013 to €456m, but expects a positive EBITDA for coming year.

27 February 2014

SMA Solar sells off 20 per cent stake to Danfoss for €302mp

solairedirect_170SQ German solar manufacturer SMA Solar is selling off a 20 per cent stake in its business to Danfoss as it seeks a research, procurement and sales partnership with the Danish manufacturing group.

20 February 2014

SolarWorld releases strategy up to 2016p

German solar manufacturer SolarWorld has released a medium-term strategy up until 2016 as part of its financial restructuring.

4 February 2014

PE firm 3i sells up German car parts manufacturer Hilitep

UK-based private equity firm 3i is reportedly preparing to sell German car parts maker Hilite International in a deal which could see the asset valued at more than €400m.

29 January 2014

Gründerfonds Münsterland invests in solar marketplace Milk the Sun

Berlin, Germany-based venture capital investor Gründerfonds Münsterland's start-up fund company Howaldt Energies has invested in online solar marketplace Milk the Sun.

21 January 2014

Allianz Capital Partners makes €400m of renewables investments in 2013p

wind_withpowerplant_170_170 Allianz Capital Partners, subsidiary of Munich-headquartered Allianz, invested €400m into renewables throughout 2013.

21 January 2014

Forecast offshore wind installation drops from 44GW in 2020 to 27GWp

RWE_offshore_170_170 Forecast offshore wind installation in Europe up to 2020 has dropped from a predicted 44GW of installed capacity only two years ago down to 27GW.

21 January 2014

Wind manufacturer Repower Systems renamed Senvion

vestas_sunny_170SQ Wholly owned subsidiary of the Suzlon Group, Hamburg-based wind turbine manufacturer Repower Systems, has officially rebranded itself under the name of Senvion.

20 January 2014

Bosch to pay SolarWorld up to €130m for Arnstadt operations

Abengoa_170SQ1 Robert Bosch is set to pay SolarWorld some €130m in order to acquire the majority of its German solar operations.

20 January 2014

Germany’s Green Party proposes doubling of renewables by 2020

Germany's Green Party has presented a proposal programme for the transition to clean energy, suggesting a doubling of renewable energy generation through to 2020.

14 January 2014

RES sees opportunities in Germany as business expands

Acciona-Poland_170SQ UK Renewable energy company RES has entered the German market with the opening of a new office in Stuttgart, citing its 'ambitious plans' for the market – Europe's largest for wind energy.

13 January 2014

PE firm Nimbus acquires stake in manufacturer Robert Buerkle

Abengoa_170SQ Zeist, Netherlands-based private equity firm Nimbus has acquired a stake in German mechanical engineering and manufacturing company Robert Buerkle.

8 January 2014

PNE Wind sells 15MW Calau wind farm, Brandenburg

windmills_gathered_170SQ German wind developer PNE Wind has sold the first phase of its 15.375MW Calau II wind farm in Brandenburg to Hamburg based investment company CEE.

19 December 2013

Acciona sells German wind portfolio for €157m

Acciona Energia has sold its operational German wind portfolio of 150.3MW for a total of €157m to Swisspower Renewables.

19 December 2013

PNE Wind teams up with South Africa’s WKN Windcurrent for 130MW development

Germany's PNE Wind is set to team up with South Africa's WKN Windcurrent to develop 130MW of wind capacity in the Port Elizabeth area of the country.

9 December 2013

Industry Profile: European Energy’s Simon Riis-Sørensen on ‘recharging’ old wind sitesp

Renegotiating contracts and replacing dated wind generation technology can produce better returns without the need for the development of a whole new site, according to one wind energy developer.

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