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Oct 16, 2014

MOL still keen on RWE’s oil and gas unit if rival deal fails

FRANKFURT, Oct 16 (Reuters) – Hungary’s MOL Group
said it would be interested in re-entering talks to buy RWE’s
oil and gas unit DEA if a 5.1 billion euro
($6.5 billion) sale to Russian billionaire Mikhail Fridman falls
through.

Investors and analysts have expressed concern about the
deal since it was first announced in March, pointing to growing
tensions between Europe and Russia over the Ukraine crisis.

Oct 16, 2014

If RWE unit sale to Fridman falters, Hungary’s MOL still keen

FRANKFURT, Oct 16 (Reuters) – MOL Group would be
interested in re-entering talks to buy RWE’s DEA unit
if a sale to Russian billionaire Mikhail Fridman
fails to secure British approval, the Hungarian energy firm said
on Thursday.

RWE struck a deal in March to sell DEA for 5.1 billion euros
($6.52 billion) to a Fridman-led group of investors but warned
two weeks ago that it was still lacking approval from the
British government.

Sep 25, 2014

Investors warming up to German offshore wind plants

FRANKFURT, Sept 25 (Reuters) – Germany’s offshore wind
parks, once seen as only for brave investors because of high
costs and operational risks, are attracting fresh money after
laws were passed to ensure ambitious renewables targets are met.

British investment firm Laidlaw Capital bought its second
German offshore wind park project two weeks ago, following a
landmark German offshore wind acquisition by Canadian energy
group Northland Power.

Sep 15, 2014

German man, 20, goes on trial for Islamic State membership

FRANKFURT (Reuters) – A 20-year-old German man charged with joining Islamic State militants in Syria last year went on trial in Frankfurt on Monday, the first such case in Germany.

Kreshnik B., who was born in Germany and whose parents are from Kosovo, is charged with membership of Islamic State in Iraq and Greater Syria (ISIS) between July and December 2013.

Sep 3, 2014

German utilities eye solar leasing to help turnaround

FRANKFURT, Sept 3 (Reuters) – Germany’s big utilities are
looking to a new business of leasing solar systems as a strategy
to help halt a fall in their share of the home market, which has
already become the world’s biggest solar energy producer without
them.

By 2017, analysts expect a push by top utilities E.ON
and RWE into renewable energy to bring
their slide in market share and in profits to a halt. Solar
leasing may play a role in such a turnaround and will be a
development to watch.

Aug 27, 2014

Germany needs coal to balance dependency on Russian gas -watchdog

BERLIN, Aug 27 (Reuters) – Germany will continue to need
coal-fired power plants, its energy regulator said, warning that
Europe’s biggest economy should not rely solely on renewables or
risk increasing exposure to Russian gas as it shuts down nuclear
plants.

“Those who call for an end of coal power generation don’t
have much interest in a reliable energy policy,” Jochen Homann,
president of the Federal Network Agency (BnetzA), told an energy
industry conference on Wednesday.

Aug 26, 2014

E.ON pushes renewables as conventional power declines

BERLIN, Aug 26 (Reuters) – Having joined the renewable
energy frenzy too late, Germany’s top utility E.ON is
dashing into solar and wind power as it tries to make up for a
slump in profits from traditional power stations.

E.ON has been hit hard by a crisis in conventional power
generation as renewable capacity surged across Europe – a threat
industry experts say was ignored for too long by Germany’s
utilities.

Aug 14, 2014

Germany’s RWE warns of supply risks as power crisis bites

FRANKFURT, Aug 14 (Reuters) – Germany’s RWE
reported a 40-percent plunge in first-half profits, blaming
loss-making power plants and warning that power supplies were
under threat unless an ongoing crisis in Europe’s energy sector
was fixed.

Germany’s power sector has been in turmoil, hit by a
prolonged period of weak energy demand, low wholesale power
prices and a surge in renewable energy sources which continue to
replace gas-fired and coal-fired power plants.

Aug 14, 2014

Germany’s RWE warns of supply risks as power sector crisis bites

FRANKFURT, Aug 14 (Reuters) – Germany’s RWE
reported a 40-percent plunge in first-half profits, blaming
loss-making power plants and warning that power supplies were
under threat unless a European energy sector crisis was fixed.

German power producers are facing a crisis caused by weak
demand for energy in Europe, low wholesale power prices and a
surge in intermittent renewable energy sources, which continue
to replace gas-fired and coal-fired power plants.

Aug 13, 2014

E.ON profit falls as weak rouble hits Russian business

FRANKFURT (Reuters) – Germany’s biggest utility E.ON posted a 12 percent drop in first-half core profit, hit by a weakening currency in Russia, its most important foreign market that is the target of Western economic sanctions over Ukraine.

E.ON on Wednesday said earnings before interest, tax, depreciation and amortisation (EBITDA) at its Russian energy business declined by a quarter due to a drop in the rouble, and warned the currency could fall further.

    • 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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