Germany utility EnBW has inked a deal to acquire a 74% stake in gas firm Verbundnetz Gas Aktiengesellschaft (VNG) from German energy company EWE, for €1.43bn ($1.63bn), becoming the country's third-largest gas provider after E.ON and Gazprom's Wingas.
read more... 19/10/2015
Plans by the ex-Soviet republic of Georgia to build a major hydropower plant aiming to turn into an energy exporter obtained a $673 million financing from the Georgian Co-Investment Fund (GCF), as stated by the fund on Thursday.
read more... 16/10/2015
Crude oil prices reversed earlier gains and settled lower on Tuesday after the International Energy Agency (IEA) renewed fears that the market remains oversupplied. U.S. crude closed at $46.66 per barrel, down 0.93 percent, or 44 cents, slashing previous gains over a dollar on technical trades. Brent futures for November delivery settled at $49.24 per barrel, falling 1.24 percent, or 62 cents. Brent futures were above $50 in earlier trading.
read more... 14/10/2015
Privately-owned Czech energy conglomerate EPH has associated with the country's major investment group PPF to bid for a portfolio of German lignite and hydro power stations being sold by Sweden's Vattenfall, as stated by EPH on Tuesday.
read more... 14/10/2015
DONG Energy, in cooperation with associates the LEGO Group and William Demant, celebrated the launch of the Borkum Riffgrund 1 wind farm in Germany.
read more... 13/10/2015