Company news - Page 2
Stay up to date with the latest Company news updates from the global modern power systems industry
GE suffers renewables turndown, but sees growth in gas generation
GE has reported a 2022 third quarter showing some disparity across its renewable energy and power businesses. The company’s onshore wind turbine revenues were $2.445 billion for...
Siemens Gamesa sells renewables assets to SSE
Siemens Gamesa has announced the completion of its sale of South European renewables development assets to SSE for a total cash consideration of €613 million. €580 million corresponds...
RWE acquires 3 GW solar pipeline in Poland
RWE has further strengthened its European renewables business by acquiring Alpha Solar, a Polish photovoltaic development company. With this acquisition RWE gains a solar project...
Uniper draws down entire €9 bn credit facility
On 29 August Uniper drew down €2 billion under its existing credit facility with the KfW banking group, thereby using to the fullest extent its credit facility of €9 billion, a...
Reduced Russian gas flow heavily impacts Uniper’s H1 2022 results
Uniper’s reported results for the first half of 2022 showed heavy losses, owing to the impact of reduced gas imports from Russia.
Drax reports increased profits and renewables progress
In its first half 2022 performance figures Drax Group has reported strong financial performance, and developments in its investment in renewables.
ABB to spin off its Accelleron business
ABB to spin off its turbocharging division Accelleron and list the company on the SIX Swiss Exchange. The transaction will “allow both ABB and Accelleron to focus on their respective...
GE energy businesses to be re-branded GE Vernova
GE has announced the brand names of the future companies it will create through its planned separation during the next two years into three global, investment-grade public...
RWE halts personnel early retirements as coal firing is ramped up
RWE, Germany’s largest energy company, has halted early retirement of employees in reaction to the government’s decision to increase the use of coal-fired power while gas supplies...
RWE issues €2 billion green bond
RWE has successfully issued a further green bond with a total volume of €2 billion. The bond was issued in two tranches of €1 billion each with maturities in 2026 and 2030. For the...
Gas Technology Institute re-named GTI Energy
The Gas Technology Institute, located in Des Plaines, Illinois, has updated its name to GTI Energy to ‘reflect the breadth of its mission and capabilities across energy systems’....
Aggreko commits to greener fuels switch
Power rentals major Aggreko has confirmed its commitment to reaching net zero emissions by beginning the transition from diesel to greener fuel sources in its fuel management...
Assessment of H2 plant readiness at Grain
GE has announced that is has commenced its hydrogen plant readiness assessment of Grain power station in Kent, England, which is the newest combined-cycle gas turbine (CCGT) power...
Voith completes the acquisition of Voith Hydro
On 1 March, following receipt of all the necessary official approvals, Voith successfully completed the acquisition of the remaining shares in Voith Hydro from its former joint...
Vestas and Ørsted named as world’s most sustainable companies
Prominent Danish energy companies Vestas and Ørsted have been named as world leaders in sustainable energy in the annual accolades published by Corporate Knights.
VINCI completes the acquisition of ACS energy business
VINCI’s acquisition of ACS’s energy business Cobra IS for a consideration of €4.9 billion was completed on 31 December following an agreement entered into on 1 April 2021.
Langley completes acquisition of Bergen from R-R
Langley Holdings has completed the acquisition of the Norwegian Bergen Engines group from Rolls-Royce for a consideration of €91 million. €16 million of cash held within Bergen Engines...
Vestas recovering from cyber attack
Integrated wind company Vestas has started restoring IT systems after a cyber security breach caused it to shut down internal operations on 19 November.
Rolls-Royce to deliver mtu engines to China
The Rolls-Royce business unit Power Systems has signed contracts and agreements with Chinese partners and customers from the four industrial sectors power generation, construction...
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