Company news - Page 5
Stay up to date with the latest Company news updates from the global modern power systems industry
Invenergy confirms Colombian partnership
Invenergy has signed a strategic partnership agreement with Colombian utility EPM to build up to 500 MW of renewable energy capacity in the country by 2025.
Engie boosts growth with Renvico acquisition
Engie has invested in a 329 MW wind farm portfolio in Italy and France.
EDF accelerates growth of its renewables portfolio
French energy major EDF has achieved a 70 % increase in gross renewable energy capacity over the last five years, the company has announced.
GIG buys US solar-storage specialist
Green Investment Group (GIG) has completed the acquisition of Savion, a solar and storage project development company focused on commercial-scale projects in the USA.
Shell buys into offshore wind
Oil giant Shell has signed an agreement to buy 100 % of Eolfi, a French renewable energy developer and specialist in the floating offshore wind energy sector.
EDF acquires Pivot
EDF Group has accelerated its development of battery storage and electric vehicle charging technologies with the acquisition of Pivot Power.
Fortum to acquire majority stake in Uniper
Fortum has entered into agreements to acquire a new stake in Uniper in excess of 20.5%.
Macquarie lays out 20 GW GIG investment plan
The Green Investment Group has outlined plans to develop 20 GW of renewable energy capacity around the world in the next five years.
Energy Vaults closes $110 million funding
Switzerland-based Energy Vault has closed a $110 million funding round with investment from SoftBank Group’s Vision Fund.
UK market revival is “crucial for E.ON”
E.ON SE has reported a steep fall in its adjusted Earnings Before Interest and Taxes (EBIT) by 12% at the end of the first half of 2019 compared to last year’s figures.
Senvion accelerates business review
WTG maker Senvion reports that discussions with potential bidders for its business are at “an advanced stage”.
E.ON acquires Coromatic
E.ON has acquired a 100 % stake in the Swedish company Coromatic, a leading provider of critical infrastructure in the Nordic region.
Siemens to spin off power and gas businesses
Global energy giant Siemens is to undergo a fundamental transformation by spinning off its gas and power divisions into a new entity.
€100 million loan rescues Senvion
Wind turbine maker Senvion has secured €100 million in funding to help shore up its finances.
AES sells its Jordan and UK plants
AES has signed agreements to sell its interests in six power plants in Jordan and the UK for $211 million, it has announced.
Wärtsilä providing seed funding to Soletair Power Oy
Wärtsilä has agreed to provide Euros 500 000 in seed funding to Soletair Power Oy, a Finland based startup company operating in the field of 'Power-to-X'.
Engie, Tokyo Gas create renewables JV
Engie and Tokyo Gas Co. Ltd Have announced plans to create a new joint venture to develop renewable energy projects in Mexico.
EGP buys 13 GW Tradewind pipeline
Enel Green Power (EGP) says it has closed a deal to purchase Kansas-based renewable developer Tradewind Energy, Inc.
Rolls-Royce and ABB announce global microgrid co-operation
Rolls-Royce and ABB have announced a global partnership on microgrid technology and advanced automation.
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