BERLIN/AMSTERDAM, Jan 22 (Reuters) – Germany gave the green
light to its utilities’ plans to sell their stakes in Urenco,
clearing the way for a long-awaited tender for the world’s
second-largest maker of nuclear fuel.
A consortium behind a former Urenco director told Reuters on
Tuesday it was ready to make a bid for the unlisted uranium
enricher, which it values at around 10 billion euros.
BERLIN, Jan 22 (Reuters) – Germany must turn away from its
go-it-alone energy shift and work more with the European Union
to build a cost-efficient, secure and sustainable sector,
European Energy Commissioner Guenther Oettinger said on Tuesday.
“Germany has to make its energy transformation compatible
with Europe,” Oettinger said on the opening day of Germany’s
most prestigious energy gathering, the three-day annual
BERLIN, Jan 22 (Reuters) – Wholesale power prices in Germany
are at their lowest in more than three years, undermining the
profitability of fossil fuel power generation and trading, and
yet 40 million households pay record prices well above European
To explain this state of affairs, look no further than the
expansion of renewable energy installations, which provide
bursts of subsidised power often enough to trash market
LONDON/BERLIN (Reuters) – France’s Areva (AREVA.PA: Quote, Profile, Research, Stock Buzz) and Japan’s Toshiba Corp (6502.T: Quote, Profile, Research, Stock Buzz) are considering bids for nuclear fuel producer Urenco, but British, German and Dutch authorities disagree over what to do with the ultra-secret firm, industry sources said.
Britain is keen to sell its 33 percent stake, and German utilities RWE (RWEG.DE: Quote, Profile, Research, Stock Buzz) and E.ON (EONGn.DE: Quote, Profile, Research, Stock Buzz) are talking to potential buyers over their combined 33 percent, but the Dutch government is not considering a sale.
BERLIN, Jan 21 (Reuters) – The challenges of shifting to
renewable energy, such as costs, regulation, financing, and poor
reliability, will loom large for Germany’s energy leaders this
week when they meet to discuss the country’s boldest
infrastructure project since reunification.
Chancellor Angela Merkel’s decision, after Japan’s Fukushima
disaster two years ago, to abandon nuclear energy and switch to
more renewable sources like wind and solar power, is being
watched the world over as a possible model for others to follow.
FRANKFURT (Reuters) – Rupert Murdoch’s News Corp tightened its grip on Sky Deutschland on Monday, saying it would raise its stake in the German pay-TV company to 54.5 percent from just under half in a capital increase.
The move comes as media conglomerate News Corp separates its publishing and entertainment assets into two publicly traded companies following shareholder pressure to sell its troubled newspaper business and put a greater focus on the faster-growing TV companies.
LOS ANGELES/FRANKFURT, Jan 8 (Reuters) – Solar stocks kicked
off 2013 with a sharp rally, prompted in part by last week’s
news that a company controlled by Warren Buffett’s Berkshire
Hathaway Inc would pay up to $2.5 billion for two
SunPower solar projects in California.
This week, the stocks retreated after many investors and
analysts called the moves overblown, making the Buffett rally
look more like a short-term bump.
FRANKFURT (Reuters) – Deutsche Telekom Chief Executive Rene Obermann will step down at the end of next year and be succeeded at the helm of Germany’s former state telecoms monopoly by finance director Timotheus Hoettges.
Hoettges, 50, said on Thursday he was not planning major changes to strategy and would continue Obermann’s drive of investing in the United States and Germany as the firm battles to return to revenue growth against a tough economic backdrop.
FRANKFURT, Dec 20 (Reuters) – Deutsche Telekom
Chief Executive Rene Obermann will step down at the end of next
year and be succeeded at the helm of Germany’s former state
telecoms monopoly by finance director Timotheus Hoettges.
Hoettges, 50, said on Thursday he was not planning major
changes to strategy and would continue Obermann’s drive of
investing in the United States and Germany as the firm battles
to return to revenue growth against a tough economic backdrop.
FRANKFURT, Dec 19 (Reuters) – Australian bank Macquarie
has bought a stake in Czech gas grids owned by
Germany’s No.2 utility RWE, adding to its European
infrastructure portfolio as it hunts for stable returns.
Infrastructure investors are looking to buy into safer
assets that yield guaranteed returns, such as power and gas
grids, amid turbulent stock markets and low interest rates.