European spot power prices for day-ahead delivery were blown down by a forecast that wind power generation would increase significantly in Germany on Friday, while consumption is expected to fall due to milder temperatures.
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.
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.
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.
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.
Spanish renewable developer Iberdrola will gain sole control of two Brazilian onshore wind energy companies holding a combined capacity of 288 megawatts (MW), thanks to the acquisition of a 50% remaining stake from Brazil’s developer Neoenergia.
French presidential candidate Emmanuel Macron unveiled Thursday his energy policies and plans in case he wins the May elections, which includes a 26,000-megawatt (MW) renewables auction, Kallanish Energy reports.