RWE to sell 65 MW of French, Portuguese renewables to Kelag

13/01/2021 09:08 Renewable

news

German energy major RWE AG (ETR:RWE) announced it is divesting 65 MW of renewable power plants to Austrian energy utility Kelag.

In all, RWE is selling 19 small-scale hydropower plants (HPPs) in France and Portugal as well as a 3-MW Portuguese onshore wind stake. According to the seller, the power plants were part of its 2019 asset-swap with E.on SE (ETR:EOAN).

 

The transaction value was not disclosed as the parties agreed to keep the financial information confidential.

 

The agreement also involves the transfer of 16 jobs to the Austrian energy company. Closure is expected to happen before the end of the year, the announcement says.

 

RWE, which has a 37.9% stake in Kelag, is focusing on investments in onshore and offshore wind energy, photovoltaics (PV) and storage technologies, it stated.

 

source:renewablesnow.com

Daily (15.01.2020): U.S. WTI crude ended at its highest level in 11 months on Thursday amid stimulus optimism

15/01/2021 09:11:00

Crude oil futures gained ground on Thursday, with U.S. WTI crude hitting its highest level since February of last year, buoyed by the continuing COVID-19 vaccine rollout and hopes that a new U.S. coronavirus relief plan could boost oil demand. Hence, Brent crude rose by 36 cents, or 0.6%, to settle at $56.42 a barrel on ICE Futures Europe. U.S. oil benchmark increased by 66 cents, or 1.3%, to close at $53.57 a barrel on the New York Mercantile Exchange.

<READ MORE

Portugal on track to become coal-free by year end

15/01/2021 08:50:00

The Sines coal plant in Portugal went offline at midnight yesterday evening (14 January), leaving Portugal with just one remaining coal power station in operation, which is scheduled for closure in November.

READ MORE

Shell-Exxon aims at $2.5 billion in Dutch subsidies for carbon storage

15/01/2021 08:44:00

A consortium that includes oil majors Royal Dutch Shell and ExxonMobil has requested a total of 2.1 billion euros ($2.55 billion) in subsidies for a project to store CO2 gasses in empty Dutch gas fields in the North Sea, the Dutch Economy ministry said on Thursday.

READ MORE