Latest news
.jpg)
RWE to rethink UK investments if it proceeds with tax on power firms
German utility RWE AG's head has warned that a windfall tax on electricity generators in Britain would make it and other power firms reconsider their investment decisions in the country, the Financial Times reported on Sunday.
read more... 28/06/2022
Europe’s electricity industry calls for €400bn investment in distribution grids
Jean-Bernard Lévy, the chairman and CEO of French utility EDF and current president of power industry association Eurelectric, has urged EU countries to invest in distribution grids in order to sustain Europe’s move towards climate neutrality.
read more... 22/06/2022
.jpg)
Norway's Equinor agrees to supply additional gas to UK under Centrica deal
Norway's state-controlled Equinor has agreed to supply an additional 1 Bcm/year to the UK under a new deal with UK utility Centrica, the companies said June 16.
read more... 17/06/2022
.jpg)
RWE buys 1.4-GW Dutch Magnum gas-fired power plant for Eur500 million
German utility RWE has bought the 1.4-GW Magnum power station in Groningen, the Netherlands from Sweden's Vattenfall for Eur500 million ($534 million), the utilities said June 2.
read more... 03/06/2022
.jpg){kind=spacer}
EDF says Hinkley Point start now June 2027, costs rise
French utility EDF said on Thursday it was pushing back the start date on its Hinkley Point C nuclear reactor to June 2027 and now estimated project costs in the range of 25 billion to 26 billion pounds ($31 to $32 billion).
read more... 20/05/2022