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May 20, 2015

Capital Stage has 400 mln euro acquisition war chest -CEO

FRANKFURT, May 20 (Reuters) – German wind and solar park
operator Capital Stage has 400 million euros ($443
million) to spend on acquisitions this year after missing out on
buying insolvent peer Prokon last week, its chief executive
said.

“Even while looking at Prokon we were working on other
transactions and are confident that we can make these
investments this year,” Felix Goedhart told Reuters in an
interview.

May 15, 2015

Wacker Chemie’s Siltronic aims for IPO before summer

FRANKFURT, May 15 (Reuters) – Siltronic, the world’s
third-largest maker of the silicon wafers used in semiconductor
chips, aims to raise over 150 million euros ($170 million) by
listing its shares in coming months, it said on Friday.

Siltronic, owned by German specialty chemicals maker Wacker
Chemie, is seeking to capitalise on a modest rebound
in its finances following years of steep declines.

May 6, 2015

EWE chief says strong demand for stake in gas firm VNG

DUESSELDORF, Germany, May 6 (Reuters) – EWE, Germany’s
fifth-largest utility by sales, has attracted several potential
buyers for its stake in German gas firm VNG AG, worth a
potential 1.5 billion euros ($1.7 billion), its chief said.

“We’re currently negotiating with two bidding groups,” EWE
Chief Executive Werner Brinker told Reuters.

Apr 24, 2015

Sweden’s Vattenfall faces delay in German lignite sale -sources

FRANKFURT, April 24 (Reuters) – Swedish utility Vattenfall
is facing delays in the planned sale of its brown coal
assets in Germany, three people with direct knowledge of the
matter said, pointing to concerns over a proposed coal levy that
could threaten any deal.

Memos to potential buyers were originally meant to be sent
out in April, the people said, adding this was now expected only
later in the year and may take until the end of the European
summer.

Apr 23, 2015

RWE boss sees tougher times ahead

ESSEN, Germany, April 23 (Reuters) – RWE Chief
Executive Peter Terium offered little hope for a fast turnaround
of Germany’s largest power producer, warning that government
plans for a coal levy would pose a threat to the company.

Germany’s utilities have seen their profits and share prices
tumble as they grapple with a restructuring of the energy sector
that has promoted solar and wind generation at the expense of
their gas-fired power stations.

Apr 10, 2015

E.ON chief Teyssen to remain boss after spin-off – sources

FRANKFURT/DUESSELDORF (Reuters) – Johannes Teyssen, chief executive of Germany’s top utility E.ON (EONGn.DE: Quote, Profile, Research), is expected to stay on as head of the group after spinning off its power generation business and other assets into a new entity, two people familiar with the matter told Reuters.

A final decision is still outstanding, the sources said, adding such a step was planned for the end of April.

Apr 9, 2015

First State eyes more of Germany’s small energy grids

FRANKFURT, April 9 (Reuters) – Infrastructure investor First
State Investments is looking to expand its presence in Germany’s
1.7-million-kilometre network of regional power and gas grids.

Its European Diversified Infrastructure Fund (EDIF) has up
to 2 billion euros ($2.15 billion) in investor capital to buy
further gas or power networks in Germany, said Gregor Kurth,
associate director at First State Investments, the asset
management arm of Commonwealth Bank of Australia (CBA).

Mar 30, 2015

Germany’s Irsching gas-fired power plant set to close

FRANKFURT, March 30 (Reuters) – Germany’s Irsching gas-fired
power plant, one of Europe’s newest, is to be shut down in April
next year, its operators said on Monday, as competition from
renewable energy pushes conventional stations out of business.

Irsching is one of many power stations in Germany that are
running at a fraction of the time needed to be profitable,
replaced by solar and wind energy which has priority access to
the grid.

Mar 27, 2015

Investors hope RWE’s Gulf dream offers cash or new markets

FRANKFURT/DUESSELDORF, March 27 (Reuters) – Working with a
deep-pocketed Gulf backer could be just what RWE boss
Peter Terium needs to restore shareholder confidence and escape
budget constraints that have plagued Germany’s top power
producer.

The utility last week disclosed it was in talks with an
unnamed Gulf investor, raising hopes that it could receive fresh
funds and emerge from a crisis that has saddled it with 31
billion euros ($33.6 billion) of debt.

Mar 18, 2015

German court imposes national ban on some Uber services

FRANKFURT (Reuters) – A German regional court on Wednesday issued a nationwide ban on online taxi service Uber, barring it from operating commercial services and levelling stiff fines for any violations of the country’s local transport laws.

Each violation of the order against Uber and its uberPOP online service was subject to a 250,000 euro ($264,825) fine, a three-judge panel of the Frankfurt regional court ruled.

    • About Christoph

      "I'm responsible for the coverage of German renewable companies, mainly solar, at Reuters News. Previously, I have worked as a correspondent at Thomson Financial News, covering German technology and construction companies."
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