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Latest Company news Update
Toshiba subsidiary Westinghouse Electric, which filed for chapter...
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EP Holding adds to its lignite/coal portfolio
RWE Power and EnBW are selling their interests in the Hungarian electricity producer Mátrai Erőmű Zrt to a consortium of the Czech holding company EP Holding and the Hungarian...
Major reorganisation at RWE
For RWE the recently announced sale of its Hungarian assets forms part of the reorganisation of its conventional generation division, accompanied by cost-cutting in its renewables...
Dominion, Scana agree merger
Dominion Energy has agreed an all-stock deal to buy fellow US utility Scana in a bid to cement its position as one of the largest and fastest-growing energy companies in the country.
Tocardo files for bankruptcy protection
Dutch tidal energy technology firm Tocardo has filed for bankruptcy protection after failing to reach agreement over a buyout with a major shareholder.
GE to ‘reduce its global head count’
GE Power has announced that it plans to reduce its global head count by approximately 12 000 positions, affecting both professional and production employees.
Opra Turbines acquired by Dalian Energas
China's Dalian Energas Group has completed its acquisition of gas turbine manufacturer OPRA Turbines BV.
Engie sells its stake in Loy Yang power plant
Engie and Mitsui have reached an agreement with China’s Alinta Energy to sell the Loy Yang B coal-fired power plant in Australia.
Energy fund invests in Greatcell future
Greatcell Solar has received a A$4 million strategic investment from an Australian food, water and energy fund.
Siemens restructuring will involve extensive job losses
Siemens is responding to what it sees as rapidly accelerating structural changes in the fossil power generation market and the commodity sector with a consolidation plan aimed at...
GE results ‘unacceptable’
GE’s power business has been underperforming recently, with John Flannery, chairman and CEO, describing the 3Q 2017 results as “unacceptable”.
EPH acquires Mehrum
The Czech energy group EPH has completed its purchase of Kraftwerk Mehrum GmbH (KWM) from Enercity and BS Energy.
Loy Yang B coal plant ‘shifted $1 billion offshore’
According to information revealed by The Paradise Papers the owner of one of Australia’s most polluting coal-fired power plants quietly moved $1bn offshore within days of receiving...
SSE and Innogy agree on retail merger
Energy firms SSE and Innogy have agreed to merge their retail businesses to create a new, independent energy supply company in the UK market.
Centrica acquires demand response aggregator
UK power company Centrica has acquired REstore NV, Europe’s leading demand response aggregator, for €70 million.
Lightsource and Macquarie to fund India assets
Lightsource Renewable Energy and UK Climate Investments have created a partnership to develop and buy renewable energy assets in India.
GIP buys Equis Energy
Global Infrastructure Partners has teamed up with Public Sector Pension Investment Board and CIC Capital Corp to buy Equis Energy.
GE’s reduced profits blamed on power business
Profits in GE’s power division have fallen 51% overall, a result identified by the group’s management as a major factor in producing the ‘disappointing’ performance revealed in...
Invenergy launches arbitration process over wind farm dispute
Invenergy has written to the Polish government to notify it of its intention to start international arbitration proceedings over cancelled wind farm contracts.
E.ON and Fortum meet more resistance over sale of Uniper
Fortum’s plan to acquire Uniper from E.ON has raised concerns among Finnish policy makers as well as a new public attack from Uniper itself.
Exit Dong Energy, enter Ørsted
Dong Energy plans to change its company name to Ørsted, following its strategic transformation from fossil fuels to renewables.