The 75.6 MW project is part of the grid reinforcement for Cebu, Negros and Panay islands. German wind and solar developer WPD is adding another project to its pipeline in the Philippines. The project, located in Aklan Province in Western Visayas, is an onshore wind farm with a total capacity of 75.6 MW. Triconti ECC […]
German Carmaker Opel to be 100 Per Cent Electric in Europe By 2028: CEO
Opel is owned by European carmaker Stellantis, which was born out of the merger this year of Peugeot-Citroen and Fiat Chrysler. German carmaker Opel said Thursday that it would stop producing cars with internal combustion engines in Europe by 2028, one of the most ambitious greening targets in the accelerating shift to electric vehicles. Carmakers […]
Solarwatt And BMW Cooperate on Home Batteries
The German battery market is currently led by Solarwatt rival Sonnen, part of Shell. Solarwatt will start selling storage batteries from this autumn in cooperation with carmaker BMW amid an ongoing convergence of renewable power and electric mobility, the German photovolatic firm announced on Wednesday. Under the deal, BMW will supply battery components also used […]
Exclusive: German Battery Group BMZ Plans September IPO, Sources Say
BMZ is working with Citi, JP Morgan and Berenberg on the initial public offering (IPO), which will sell shares worth about 500 million euros, the sources said. FRANKFURT: German battery group BMZ is preparing for a Frankfurt stock market listing as early as September with a targeted valuation of about 2 billion euros ($2.4 billion), […]
German Power Grids Brace For Thursday’s Solar Eclipse
The event will take place between 0920 GMT and 1140 GMT on Thursday in northern Europe, an Amprion background paper said. FRANKFURT : Electrical transmission networks in Germany are preparing for a solar eclipse this week that could trigger a sudden fall of around 1 gigawatt (GW) in solar power output, grid firm Amprion said […]
BayWa r.e. Profits From ‘Brisk Demand’ for Solar Modules in Europe
German agriculture group BayWa has said its renewables business saw an “unusually strong” start to the year, driven by high demand for solar modules and the sale of a PV plant in Japan. The BayWa r.e. unit, which develops clean energy projects and distributes solar equipment, benefitted from “brisk demand” for modules during the first […]
German renewables firm Blue Elephant plans summer IPO – sources
Blue Elephant, whose peers include Energiekontor and PNE AG, said it was constantly reviewing various options for financing further growth, but declined to elaborate. FRANKFURT: German renewable energy firm Blue Elephant Energy is preparing a stock market flotation in the European summer that could value it at up to 1 billion euros ($1.2 billion), three […]
Abhay Firodia group firm extends partnership with German auto co
Mumbai : Pune-based Abhay Firodia group company Jaya Hind Industries on Tuesday said it has extended its partnership with German automotive firm KS Huayu Alutech for manufacturing of cylinder blocks and cylinder heads till 2027 with expanded scope. One among the first manufacturers of aluminum die castings in the country, Jaya Hind is a fully […]
German, African and international political, business, development and finance share green investment best practice and solutions for sustainable development in Africa
Berlin hosts EU-Africa Green Talk to share development solutions Dialogue between European Investment Bank, Portuguese Embassy in Berlin, financial community and development stakeholders confirms importance of green investment Ministers of State for Foreign Affairs from Germany and Portugal and EIB Vice President Thomas Östros today joined more than 80 business leaders, diplomats from Africa and […]
Latham & Watkins Advises on Sale of AZUR SPACE Solar Power to 5N Plus
Latham & Watkins advised Renewable Investments Holding SA (which is controlled by a leading European insurance group) on the sale of AZUR SPACE Solar Power GmbH (AZUR) to 5N Plus Inc. (5N Plus). 5N Plus will acquire all of the issued and outstanding shares of AZUR for an expected total purchase price between €73‐79 million […]