RenewableUK unveils new directors in latest board election results
RenewableUK has announced the results its latest annual board election, including two new members and one who has been re-elected.
RWE
RWE ‘forging ahead’ with expansion despite ‘extreme weather’ impacting profits
RWE has pledged to forge ahead with its “transformation” and is planning to invest “billions of euros” in the expansion of its renewables portfolio.
Inquiry warned of ‘wall of turbines’
The north coast of Sutherland is in danger of hosting an unprecedented “wall of turbines” if proposed wind farms are added to existing and approved ventures, a public local inquiry heard.
Van Oord bags Sofia contract following RWE’s FID on North Sea offshore wind project
Energy services firm Van Oord has secured a contract for work at RWE’s Sofia Offshore Wind Farm.
Video: First parts for controversial Highland wind farm arrive on site
The first turbine components for a controversial onshore wind farm in the north of Scotland have arrived on site.
Woodside signs 7-year LNG supply deal with RWE
Australia’s Woodside Energy is set to supply 0.84 million tonnes per year of liquefied natural gas (LNG) to RWE, Germany’s largest power producer, for seven years starting 2025.
Updated: Infrastrata buys Bifab Methil and Arnish yards in £850,000 deal
Infrastrata has announced the acquisition of the Methil and Arnish yards of the collapsed Scottish manufacturer Burntisland Fabrication (Bifab).
CHC to support delivery of offshore wind farms from Aberdeen base
North Sea helicopter operator CHC has bagged a contract to provide services for three offshore wind farms, including two in Scotland.
RWE selling stake in UK offshore wind farm for £650m
RWE has clinched a deal to sell a 49% stake in the Humber Gateway offshore wind farm to UK-based investment manager Greencoat for £648 million.
UK needs a clear strategy before green hydrogen energy can take off
A clear green hydrogen energy strategy is necessary if energy companies are to commit to investing in UK green hydrogen projects.
Three energy firms pay £10.5m over August power cuts – what can we learn?
Ofgem has published its report on the electricity disruption which occurred on the 09 August 2019 resulting in supply being lost to over one million customers for a total period of 45 minutes.
Three energy firms to pay £10.5m over August power cuts
Three companies will pay £10.5 million to the energy watchdog's redress fund over the power cuts in August which left more than one million customers without power and caused travel chaos, regulator Ofgem has said.
Energy regulator opens probe into UK blackout
The U.K.’s energy markets regulator said it’ll probe whether grid operators or power generators breached license conditions during the Aug. 9 blackout that saw more than one million British households lose power.
Power cuts and minor injuries reported after power station demolished
The demolition of a coal-fired power station where four workers were killed caused a power cut affecting about 40,000 people, energy firm SSEN said.
RWE’s Brexit war games show gas will keep flowing under no deal
German utility RWE AG expects that one way or another natural gas and electricity will continue to flow across the English channel even if Britain crashes out of the club with no deal in March.
Russian oil oligarch devours healthy food chain Holland & Barrett
Mikhail Fridman, the Russian billionaire who was forced to give up North Sea oil and gas assets, has snapped up health and food retailer Holland and Barrett (H&B) for £1.8billion.
UK Government confirms £730m investment on green power, coal gone by 2025
Polluting coal power generation will be ended by 2025 and new subsidies will help fuel a million homes from renewables in coming years, under measures set out by the UK Government.
RWE takes £1.6billion hit on UK and German power stations
The owner of energy provider npower has revealed it will slump into the red after taking a 2.1 billion euro (£1.6 billion) hit on its UK and German power stations.
Coal-to-biomass power plant gets EC approval
The European Commission has approved plans to subsidise the conversion of a coal-fired power plant to burn biomass.
UK offshore wind players meet to focus on future
The benefits of offshore windfarms to the UK economy will be highlighted at an event next week.
Russian billionaire calls for delay on North Sea asset deadline
Russian billionaire Mikhail Fridman has called on the UK Government to delay an October headline to sell its North Sea assets. The move comes after a first round of offers was understood to have disappointed. Earlier this year the UK Government decided to revoke North Sea oil field licences owned by DEA, RWE’s oil and gas unit bought by Fridman’s LetterOne.
Troubled Npower parts company with boss
The boss of Big Six energy firm Npower has left his post after German owner RWE took action following “unexpectedly negative” half-year results.
RWE to replace head of British unit, report says
RWE will replace the head of npower and the British supplier's finance chief, two people familiar with the matter told Reuters, following long-standing billing problems and a loss of clients. Paul Massara, npower's chief executive since January 2013, will be replaced by npower Chief Operating Officer Paul Coffey, who joined from the German utility company's renewables division Innogy earlier this year, the people said. Npower Chief Financial Officer Jens Madrian will also step down from his post, the people said.
Power price slump hits profits at RWE
RWE, Germany’s largest electricity generator, today reported a 45% decline in full-year profits following a slump in power prices. Recurrent net income, the measure used to calculate dividends, dropped to£915.4million in 2014, from £1.65billion a year earlier, the Essen-based company said. Sales fell 7.5% to £34.7billion.
Russian closes deal to buy North Sea oil and gas assets
German utility RWE yesterday closed the sale of oil and gas production arm RWE Dea to Russian billionaire Mikhail Fridman, ending months of uncertainty over whether the £3.7billion deal would go ahead. But it causes embarrassment for the UK Government, which tried to block part of the transaction at the 11th hour, citing possible sanctions against the new owner. It remains to be seen how Westminster will respond to RWE Dea’s UK North Sea assets – now owned by new company L1 Energy – falling into Russian hands.