Equinor, the energy major formerly known as Statoil, has acquired power and gas trading firm Danske Commodities for €400 million (£350 million).
Articles tagged with: Renewables
The low carbon and renewables economy posted strong growth in 2017, but onshore wind and solar PV continued to be beset by a retraction of government support.
With npower shelling jobs and even the quickest-growing independents struggling to turn a profit, it’s becoming increasingly clear that margin-based business models are a thing of the past. Liam Stoker reflects on a week which has proven the direction of travel for energy suppliers lies away from pure commodity sales.
Oil and gas majors are expected to make significant plays in the solar sector in the coming years as continued cost reductions threaten their margins.
ABB has launched a suite of new power products which it says can boost grid stability, power quality and energy efficiency in modern, complex grids.
RWE has assembled a team of six industry stalwarts to leads its renewables business ahead of its planned deal with E.On.
Hitachi has confirmed it has suspended work on the Wylfa Newydd nuclear power plant, a move which risks “blowing a hole” in the UK’s decarbonisation strategy.
Renewables are on course to overtake fossil fuels and become Britain’s ‘dominant force’ of power during 2020.
Italian utility Enel has launched a €1 billion green bond to finance new renewables, transmission and distribution networks and e-mobility projects.