Innogy promises investors 80% of its 2016 net income

March 15, 2017 0

German energy group Innogy reported Monday its first fiscal year as an independent company, following the spinoff from RWE in late 2015, promising shareholders roughly 80% of its adjusted net income in 2016, Kallanish Energy learns.

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EU approves Siemens-Gamesa wind turbine merger

March 14, 2017 0

The European Commission has granted unconditional clearance for the proposed acquisition of Spanish wind turbine manufacturer Gamesa by its German rival Siemens, as the transaction poses no competition concerns to the market, Kallanish Energy learns.

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JinkoSolar, Marubeni ink 25-year PPA for solar plant

March 2, 2017 0

China’s photovoltaics manufacturer, JinkoSolar, announced Wednesday it has entered into a 25-year power purchase agreement with Japan’s Marubeni Corporation for a solar PV power plant in Abu Dhabi, Kallanish Energy learns.

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Vitol to invest in UK battery storage plants

March 1, 2017 0

Global commodities trader Vitol announced Tuesday its subsidiary VPI Immingham has created a joint venture with UK-based renewables investment firm Low Carbon to develop two energy storage plants in England.

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