I am happy to report that Euromoney included me in their new 2016 list of top legal practitioners advising on energy law. Continue reading ‘Euromoney’s Expert Guide for Energy 2016′
Archive for the 'Results' Category
The German municipal utility Stadtwerke Gera AG filed for insolvency on 27 June 2014. According to press reports it is the first Stadtwerk to take this step, albeit it is wholly owned by the Eastern German town of Gera which is its sole shareholder and with approximately 100,000 citizens the 3rd-largest city of the Central German state of Thuringia . On the 3rd of July also two of its subsidiaries went into administration, the public transportation enterprise Gerarer Verkehrsbetriebe GmbH and Flugbetriebsgesellschaft mbH Gera which operates the municipal airport.
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The latest information published by the state-owned KfW development bank for the first half of 2013 shows a considerable decline in the financing of PV projects. Commitments for offshore wind farm projects picked up after the standstill of last year, and demand for loans for energy efficiency measures increased markedly.
In view of a first-time loss that E.ON AG had to announce for Q2 2011, the company said it would possibly cut 9,000 to 11,000 jobs to curb costs, citing the energy turnaround as the main reason for the poor results. RWE also said the accelerated nuclear phase-out led to its weaker Q2 performance. Both companies revised their forecasts downward.
We are happy to announce that the first German Energy Blog Newsletter has been sent out. You can subscribe here. Continue reading ‘First German Energy Blog Newsletter Released’
Bosch-Siemens (BSH) reaps the benefit of having recognised the energy-efficiency trend for home appliances early on. The sales of BSH super-efficient home appliances in 2009 tripled in Europe compared to the previous year despite the economic crises. They meanwhile account for approximately one fifth of total sales. Continue reading ‘Bosch-Siemens’ Energy Efficient Home Appliances in High Demand Despite Financial Crisis’
SMA Solar Technology AG, the world market leader for photovoltaic inverters, reported the best Q1 results in company history.
The regional utility MVV Energie, based in Mannheim, said it noticed a slight economic recovery since the beginning of the year, especially with regard to its business with industrial customers. Continue reading ‘MVV Energie Sees Slight Recovery and Confirms Forecast’
Despite the election standoff in North Rhine-Westphalia, Johannes Teyssen, the new CEO of E.ON AG, Germany’s largest utility, is reportedly still optimistic that E.ON’s coal-fired power plant building project in Datteln can go ahead. Continue reading ‘E.ON Optimistic for Datteln Power Plant, Cancels Sale of GASAG Share’