RWE

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.

It took a while, but now the energy giants can finalize the mega deal. Rival energy companies have criticized approval of the deal amid fears Eon could dominate the German market.

The Essent business of German utility RWE wants to widen its clean energy offer for Belgian clients. Last year Aralt achieved a €5 million turnover.

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.

After receiving its cheapest bids for large-scale solar under a public tender a week ago, the Canadian province of Alberta is now ready to host two unsubsidized solar parks with a combined capacity of 57 MW. The developer, German renewable energy company Innogy, is in talks with local off-takers about signing a PPA.

Dutch energy provider Essent has agreed to take over EnergieWonen Groep and ZON7, two Netherlands-based companies specializing in the supply and installation of rooftop PV, thus enhancing Essent’s sustainable development network.

The Hamburg-based green electricity provider wants to shut down RWE’s coal power plants and replace them with 8.2 GW of wind and solar systems. Approximately €7 billion would be invested in the new facilities, which would be built without any public support. Key to the initiative will be citizen participation.

Construction works are expected to start soon on two utility-scale solar PV project in New South Wales with a combined capacity of more than 460 MW, as confirmed by German-based Belectric, which will handle the EPC and O&M duties on both sites.