E.On has reported strong performance from its renewables and networks divisions, but cited “unrelentingly fierce competition” in European supply markets for sliding returns from its solutions arm.
Global energy giant RWE is on the “home straight” of its asset swap with E.On and establishing itself as a renewables powerhouse, the company said today.
The Competition and Markets Authority (CMA) has launched an inquiry into the so-called ‘mega merger’ between RWE and E.On.
RWE has assembled a team of six industry stalwarts to leads its renewables business ahead of its planned deal with E.On.
RWE has ‘frozen’ it’s planned 100MW battery at the proposed Tilbury Energy Centre amidst concerns that the project’s Combined Cycle Gas Turbine (CCGT) would not be able to secure Capacity Market contracts.
The head of European utility giant RWE’s UK business Tom Glover has challenged National Grid to slash settlement periods to just five minutes by 2030.
E.On has posted a 10% rise in half-year earnings, bolstered by strong performance from its core business units as its acquisition of innogy appears in the horizon.
The E.On and RWE asset swap has edged closer after the former successfully completed a voluntary public takeover offer to minority shareholders of RWE’s innogy unit.
The heads of some of Europe’s most significant energy companies and associations have urged the UK and the European Union to place continued energy alignment as a priority during Brexit negotiations.