An assessment of the human rights performance of the world’s leading solar and wind power companies has painted a grim state of affairs, with the only dedicated solar manufacturer analyzed scoring 7%.
Dutch gas and power provider Essent has agreed to buy the Amsterdam-based renewables marketplace for an undisclosed sum. Vandebron sells electricity aggregated from wind, solar and biomass projects.
The energy transition is becoming ever more apparent among power companies, as was evident at the European Utility Week event last week in Paris, which showcased the hopes and fears of energy companies. Rebranding next year to ‘Enlit’, the organizers aim to reach the whole energy industry.
Economic thinktank Carbon Tracker used financial modeling to determine the profitability of every coal power plant in the EU. On average, 79% of the facilities run at a loss, with Germany, Spain and Czechia among the states particularly exposed to the consequences – for coal investors and the public.
The 3.3 million U.K. households that get their electricity from E.on will receive only renewable energy. The company referred to a public opinion poll as a motivation for the move.
The utility claims that current market conditions are not ideal for the project, which has been under consideration since 2012. The power station was meant to replace existing lignite capacity, and according to RWE, it would have been more efficient. The company says that it will refrain from making further investments in coal capacity while increasing its focus on renewable energy and storage.
According to the Brussels authorities, the transaction could affect competition in the electricity and gas sectors. EU competition commissioner Margrethe Vestager wants to ensure there are no price increases as a result of the proposed takeover.
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