Sentences with phrase «belectric innogy»

Kensington Capital led the round, and was joined by investors including Trend Forward Capital, Innogy Ventures, Amazon Alexa Fund, BDC IT Venture Fund, Deutsche Telekom Capital Partners and Relay Ventures.

Innogy said that it expected Triton Knoll to be commissioned in 2021.

Innogy added that the farm, which is set to be located 32 kilometers off the east coast of England, was expected to supply the equivalent of 800,000 U.K. homes with renewable electricity annually.

«With full control over Triton Knoll, we will now develop the project further to final investment decision at our own discretion,» Hans Bunting, Innogy's chief operating officer for renewables, said in a statement.

German energy business Innogy has announced it has acquired Statkraft's 50 percent share in the Triton Knoll offshore wind project.

Deepa Venkateswaran, a senior analyst in European utilities at Bernstein, told CNBC that the deal represented a reversal for RWE after the IPO of Innogy.

Under the terms of the deal, which has been agreed in principle and was announced Sunday, RWE will sell its 76.8 percent stake in Innogy to German rival E.ON.

Green energy business Innogy, separated from parent company RWE and publicly listed in 2016, is to be broken up.

Among the largest deals clinched this quarter were U.S. health insurer Cigna Corp's $ 67 billion deal to acquire U.S. pharmacy chain Express Scripts Holding Co and German utility E.ON SE's $ 38.5 billion deal to acquire RWE AG's renewable energy business Innogy SE.

CNBC's Annette Weisbach reports on a deal to break up Innogy, Germany's largest energy supplier by market value.

RWE is the majority owner of Innogy, and part of its strategy was to secure RWE's future in a world shifting to renewable energy.

Klaus Muller, manager of the Federation of German Consumer Organizations, for example, notes that «the takeover of RWE's stakes in Innogy by EON will lead to a higher concentration of utilities in the German energy market.»

Challenges in UK and Netherland renewable markets have impacted Innogy and RWE's profitability.

According to the companies, EON buys RWE's shares in Innogy, a subsidiary with both a strong renewable energy portfolio and distribution grids and power retail, while RWE gets EON's renewable business, including minority interests in two nuclear power plants.

Ever since their restructuring moves last year, German power firms are back on the M&A radar, with RWE (RWEG.DE) exploring an asset swap with Engie (ENGIE.PA) involving its majority stake in Innogy (IGY.DE).

Along with initiative partners Huawei, sonnen, Suntech, S.A.G, innogy and First Solar, pv magazine will be exhibiting as part of the Integrated Energy Plaza at the 2017 Hannover Messe.

The new company, trading under the name of innogy e-mobility US LLC, will be based in Los Angeles and serve the US market as a provider of technology... Read more →

Holger Gassner, head of markets and political affairs at RWE Innogy GmbH, estimates that in 2050, a 10 - day span when wind farms generate less than 10 % of capacity would require 313 times the current pumped storage capacity to bridge the «calm.»

For background, read the CLEW piece Deal between utilities E.ON and RWE set to reshuffle German energy market and the article RWE and E.ON overhaul power sector - German reactions to innogy deal.

German renewable energy company innogy's supervisory board has appointed Uwe Tigges as the new CEO, the company says in a press release.

This is another one of our key missions that we have committed ourselves to whole - heartedly at innogy,» said Peter Terium, CEO at innogy.

Dutch outfit C - Ventus Offshore Wind Services has won a four - year contract from Innogy to carry out subsea works at the 295MW Nordsee Ost offshore wind farm in the German North Sea.

«With our new subsidiary Belectric innogy is now in an ideal position to successfully implement large - scale photovoltaic projects in Europe and our growth regions.

Innogy is a pioneer and trailblazer for efficient, climate - friendly and intelligent energy solutions.

First, E.ON will acquire RWE's 76.8 % stake in Innogy — a renewables company created in April 2016 as RWE spun off its renewables, retail, and grid businesses — and RWE will pay E.ON $ 1.5 billion to take on Innogy's renewables business, along with E.ON's minority stakes in two RWE nuclear plants (Emsland and Gundremmingen), Innogy's gas storage business, and Innogy's participation in hydro - rich Austrian energy utility Kelag.

Rival utility Innogy, which as second - placed had just missed winning the Dutch zero subsidy tender, won in the German tender with its 325MW Kaskasi project with a bid that it says was above the average winning price.

German power company innogy SE - the renewables arm of utility RWE - has completed its purchase of Belectric Solar & Battery.

Vahrenholt, chief of RWE Innogy, self - proclaimed climate expert and author of the book Die Kalte Sonne (The Cold Sun), claims that «the contribution of CO2 to global warming is being exaggerated».

Results of the study — which is backed by offshore wind developers EnBW, Engie, Eolfi, E.ON, Iberdrola, Innogy, Kyuden Mirai Energy, Orsted, Shell, Statoil, Vattenfall, and Wpd — included that dynamic cables to export power back to shore represent a «significant bottleneck»; «dedicated» mooring solutions would be needed by full - scale floating wind farm units; and that infrastructure and logistics will be «critical» to cost reduction efforts and opening new markets for the sector, according to scoping projects run by Petrofac, Ramboll and London Offshore Consultants.

Fugro geotechnical drill vessel Fugro Scout has completed surveys of the foundation sites for Innogy's 860MW Triton Knoll offshore wind farm off the coast of Lincolnshire in England.

«It doesn't matter if Trump stays in Paris; it's irrelevant as the states and big corporations are moving forward with clean energy,» Peter Terium, chief executive officer of the German power generator Innogy SE, said on the sidelines of the BNEF conference on Monday.

Following solid 2017 results E.ON aims for focused growth during transaction phase of innogy acquisition

Innogy — which since the quarter ended has further strengthen its position in the offshore wind sector with a 325MW success in the latest German auction — posted overall adjusted net profits down 11 % year - on - year at $ 610m.

German utility Innogy reported a 16 % boost in profits at its renewables business in the first quarter, as it braces for a key role in a planned $ 4.9 bn ($ 5.9 bn) merger between parent group RWE and E.ON that its own board has questioned.

Furthermore, Eon and Innogy have invested money in the development of new innovation processes (e.g. both make use of innovation hubs and accelerator programs) that aim at developing new digital business models for utilities.

The merging of Innogy and Eon might lead to more innovative solutions that support energy transition on the consumption side

While this is a rather new business area for energy utilities, Eon and Innogy share the vision that digital consumer solutions rather than generation should become the focus of energy utilities in the future.

Here, the merging of Innogy and Eon might lead to more innovative solutions that support the energy transition on the consumption side.

Eon and Innogy share the vision that digital consumer solutions rather than generation should become the focus of energy utilities in the future

Eon will sell its renewable generation business to RWE and will in exchange receive the network and retail business from Innogy.

For RWE, Innogy became responsible for renewable generation, distribution networks and the retail business.

RWE International SE (innogy), a leading European energy company, has signed a share purchase agreement to takeover German solar and energy storage specialist Belectric.

Npower parent company Innogy will own 34.4 %, with SSE shareholders holding the other 65.6 %.

Linklaters, Freshfields Bruckhaus Deringer and Hengeler Mueller are all advising on E.ON's $ 43bn (# 38bn) deal to acquire a controlling stake in renewable energy business Innogy from German rival RWE.

Innogy Innovation Hub chose the Ethereum blockchain over developing its own proprietary blockchain for the project.

July 10, 2017 Wolfie Zhao Business News, Energy, Funding, Innogy, Investments, News, Startups, TEPCO, Use Cases & Verticals, Venture Capital 0

The firm's technology lead, Carsten Stöcker, told CoinDesk that he believes unique blockchain use cases will be adopted by industries, and to that end Innogy has partnered with a project called IOTA.

It's the high transaction throughput provided by IOTA's network, an improvement over current cryptocurrencies, that attracted Innogy to partner with the initiative.

Innogy Consulting, an innovation and consulting group based in Berlin, for example, believes dedicated technology is needed.

The new affiliates include leading companies AGL (AU), Duke Energy (US), Eandis (BE), Exelon (US), Eneco (NL), E.ON (GE), Innogy (DE), PG&E (US), PTT (TH), SB Energy Corp (JP), Swisspower (CH) and Wipro (IN).