Spanish utility Cox shares drop in the market debut
The shares of Spanish water and clean energy utility Cox dropped more than 3% on their first trading day, amid market concerns about renewable energy after Donald Trump won the U.S. Presidential election last week. Stocks opened at 10,24 euros ($10.83)…
Spanish utility Cox priced shares at 10.23 euro in IPO, implying a market cap of $849 mln
The Spanish water and clean energy utility Cox has set its final price at 10.23 euros per share. This implies a market cap of 805 millions euros. The company announced late on Wednesday that the price had been set at the lower end of the range between 10,23 euros and 11,38 euros.
European clean energy stocks fall as Trump wins the presidency
After Donald Trump's election as president of the United States on Wednesday, shares in European clean-energy groups plunged. Investors were worried about a possible dismantling by the United States of its support for renewables. Trump pledged to cancel…
Poland to Merge Four Energy Groups with Aim to Make International Player
Poland laid out plans on Tuesday to merge four of its largest energy groups in a move the government hopes will create a player able to compete in international oil, gas and electricity markets.PKN Orlen, the country's largest refiner on Tuesday received…
Macron Approves Offshore Windpower Projects
Leading executives at French energy groups EDF and Engie said on Twitter that several offshore windpower projects had been "confirmed" by President Emmanuel Macron."Happy to see @EmmanuelMacron confirmed our three parks," EDF executive Bruno Bensasson said in a post on the Twitter messaging network.Engie executive
Sweden Approves Nordstream 2 Pipeline Application
Sweden has approved an application from Nord Stream 2 to lay two gas pipelines through its economic zone in the Baltic Sea, the government said on Thursday.
Merkel Sees No Threat in New Gas Pipe to Russia, Poland Disagrees
The planned Nord Stream 2 gas pipeline connecting Germany and Russia poses no threat to Europe's energy security, Chancellor Angela Merkel said on Friday, publicly disagreeing with her Polish counterpart. Poland, Ukraine and Baltic states fear the pipeline…
DONG, CWind Extend Crew Transfer Vessel Contract
CWind, a provider of services to the offshore wind industry, informs that DONG Energy, one of the key energy groups in Northern Europe, has granted CWind a two-year extension to its existing three-year Crew Transfer Vessel contract at the West of Duddon Sands Offshore Wind Farm in the Irish Sea.
German Power Firms to Shift Funds in Landmark Nuclear Deal
Germany's leading utilities will start contributing next year to a 23.6 billion euro ($26.4 billion) fund as a condition for shifting liability for nuclear waste storage to the government, giving investors greater clarity over their future finances. The new legislation…
Enbridge to Buy into EnBW Offshore Wind Park Project
Canadian energy firm Enbridge has won the auction for a stake in EnBW's Hohe See, one of Europe's largest offshore wind power projects, a person familiar with the matter told Reuters on Tuesday. Once completed, Hohe See, expected to cost as much as 2 billion euros ($2.24 billion)…
Czech EPH to Group Infrastructure Assets
Czech energy investment group EPH will group its central European infrastructure assets under an arm called EPIF, and may sell a minority stake in the business through an initial public offering (IPO), EPH said on Thursday. The privately-held EPH, which…
Toolkit Makes Community Renewables Financing Easier
Frontier Energy is creating a toolkit that is set to make community energy projects easier to develop, supported by $296,000 funding from the Australian Renewable Energy Agency (ARENA). ARENA CEO Ivor Frischknecht said the $493,000 project would help break…
EPA: Fracking Not a 'Widespread Risk' to Drinking Water
Fracking for shale oil and gas has not led to widespread pollution of drinking water, a U.S. potentially cause health risks. The study, requested by Congress and five years in the making, said fracking could contaminate drinking water under certain conditions…
New Chairmen at Three Chinese Oil Firms
China has appointed new chairmen for the country's top three energy groups, according to company statements on Monday, in a top-down reshuffle of the industry which faces the challenges of spending cuts, low oil prices and easing demand. Earlier on Monday the state-owned Sinopec Group said its chairman…
Coal Workers March in Berlin in Protest Against Climate Tax
Thousands of coal miners and workers in coal-fired plants marched in Berlin on Saturday to protest a proposed levy on the oldest, most polluting power stations, saying it could lead to massive job losses and the decline of the industry in Germany. Germany…
British Independent Energy Supplier in Stake Sale Talks
Independent British energy supplier Ovo Energy, one of the leading challengers to the country's big-six energy groups, is in talks to sell a minority stake in a deal that would value it at more than 200 million pounds ($300 million), Sky News said. A spokeswoman…
Buyers Bide Their Time in $110 bln Oil Asset Sell-Off
With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of who will blink first to set the M&A scramble in motion. Energy groups with spare cash, venture…
Italy to Complete Eni, Enel Sales by December
The Italian government is on course to sell stakes in energy groups Enel and Eni and to transfer its holding in chip maker STMicroelectronics by the end of the year, a senior official said on Thursday. At a meeting in the Economy Ministry on Wednesday,…
RWE: Supply Risks, Power Crisis Bites
CEO says security of supply under threat; Germany should follow Britain, France in plant support scheme. Germany's RWE reported a 40-percent plunge in first-half profits, blaming loss-making power plants and warning that power supplies were under threat unless an ongoing crisis in Europe's energy sector was fixed.
EPA Chief in Senate Hearing over Carbon Rule
U.S. Environmental Protection Agency Administrator Gina McCarthy will field questions from lawmakers on Wednesday about the agency's plan to slash carbon pollution from power plants, even as industry groups seek to derail the proposal. McCarthy will testify before the Senate Environment and Public Works committee…
