RWE

German-based Innogy SE’s US subsidiary will gain exclusive rights for the acquisition of 13 solar PV projects currently owned by Birdseye Renewable Energy LLC. The projects have a cumulative capacity of 440MW and are at various stages of development.

Eon has now secured funding required the acquisition of RWE’s renewable energy subsidiary innogy, a move that was announced in March. German regulators, and the companies’ respective boards, have not yet give the green light for the acquisition.

Business minister Greg Clark admitted in parliament yesterday the Conservative government is considering plowing billions of pounds of taxpayers’ money into the proposed Wylfa Newydd nuclear project in north Wales.

The renewable energy subsidiary of German power company, RWE aims to build more solar power projects in the Netherlands, Germany and the U.S., and has signed a new agreement for 1 GW of PV in Canada.

Germany’s Innogy has revealed plans to invest €1.2 billion ($1.4 billion) in PV, electric mobility and broadband technologies such as glass fiber networks by 2019.

The renewable energy unit of German utility RWE is now reportedly being targeted by the Spanish power provider, after French energy group Engie was said to have launched an offer in March.

RWE and Engie could be intertwined soon. According to Reuters, the investment banks of both energy providers are currently examining different options. The article reports that RWE could sell to the French energy giant all of its majority stake in its renewable energy unit Innogy, or a part of it. Reuters cites the investment banks involved in the operation as a source.

The French energy giant is offering to acquire Innogy, the renewable energy unit of German power provider RWE. Innogy acquired German developer Belectric and its huge solar power plant portfolio in January.

German renewable energy developer has acquired international PV power and storage specialist Belectric for a sum in the double-digit million euro range, company confirms.