Company news - Page 1

Siemens Gamesa recovery plan
Tuesday, November 28, 2023 by At its third Capital Market Day in Hamburg, Germany, Siemens Energy presented a strategic outlook for the benefit of analysts and investors. The company’s executive board outlined a...

ACWA, Masdar and SOCAR sign MoU for 500 MW RE projects in Azerbaijan
Tuesday, November 14, 2023 by ACWA Power has signed a Memorandum of Understanding with Abu Dhabi Future Energy Company, also known as Masdar, and State Oil Company of Azerbaijan Republic (SOCAR) to develop 500 MW...

DTEK wins Hague case over seized Crimean assets
Tuesday, November 07, 2023 by In a ruling handed down on 2 November, the International Arbitral Tribunal seated in the Hague has ordered Russia to pay DTEK $267 million in damages for the seizure of company assets...

Statkraft now sole owner of its Brazilian subsidiary
Tuesday, September 19, 2023 by Statkraft has purchased 18.69% of the shares in its Brazilian subsidiary Statkraft Energias Renováveis (SKER) from Fundação dos Economiários Federais (Funcef), the third largest...

Sumitomo establishes RE company in the USA
Tuesday, September 19, 2023 by Sumitomo Corporation, through Sumitomo Corporation of Americas, together with Advantage Capital has established Perennial Renewables LLC, ‘PR’, a company that develops renewable...

DNV acquires Nixu to safeguard against cyber security risks
Tuesday, June 27, 2023 by DNV is to fully acquire Helsinki-headquartered cyber security services firm Nixu following a public tender offer which resulted in DNV taking ownership of more than 93% of Nixu’s shares.

Prysmian invests in new plant strategy
Tuesday, June 06, 2023 by Prysmian Group is to invest around €120 million in its strategic plant in Pikkala, Finland. The investment – in addition to the €100 million already provided in 2022 – is aimed at...

Uniper ‘does not expect any further losses from gas supply obligations’
Tuesday, May 30, 2023 by ‪Uniper believes its precarious position has now stabilised and says that it does not expect any further financial losses from the replacement procurement of gas volumes arising from...

Mexico’s ‘new nationalisation’ prompts sale of Iberdrola assets
Tuesday, April 11, 2023 by Iberdrola is selling the bulk of its Mexican power-generating assets to a state-owned fund for $6 bn, using the proceeds to accelerate its investments in the US and Europe. An...

Rigged tenders?
Wednesday, March 15, 2023 by RWE Renewables UK is pursuing a damages claim of £9.24 million against two Prysmian Group member companies under the Appeal Tribunal Rules 2015 of the UK’s Competition Act 1998. The...

Argus launches price index for low-carbon ammonia
Tuesday, February 28, 2023 by Global energy and commodity price reporting agency Argus has launched a suite of new cost indicators for the production of ammonia, which looks set to play an important role in the...

Vestas unveils circularity solution for WTG blades
Tuesday, February 14, 2023 by Vestas is working on commercialisation of a new solution that would bring epoxy-based turbine blades into a circular economy, without the need for changing the design or composition...

Uniper initiates arbitration proceedings against Gazprom
Tuesday, December 06, 2022 by Uniper has initiated arbitration proceedings against Russia's Gazprom Export (GPE) before an international arbitral tribunal. In the proceedings, which will take place in...

Renescience for sale
Wednesday, November 09, 2022 by Ørsted says its Renescience energy-from-waste technology is currently “in a divestment process.”

Exergy unveils corporate rebrand
Friday, November 04, 2022 by On 3 November Exergy International announced the launch of its corporate rebrand, resulting in a new visual identity and a new website, to reflect the transformation undergone by...

GE suffers renewables turndown, but sees growth in gas generation
Tuesday, November 01, 2022 by 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
Tuesday, September 06, 2022 by 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
Tuesday, August 30, 2022 by 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
Tuesday, August 30, 2022 by ‪‪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...