On 15 May 2018, the annual general meeting (AGM) of shareholders in Statoil ASA approved the board of directors’ proposal to change the company name to Equinor ASA. From 16 May 2018 (inclusive), the company’s shares have been trading on Oslo Børs under the new ticker “EQNR”.
People & Companies News
Lightsource BP has formed a 50:50 joint venture with the Everstone Group, one of India’s leading private equity fund managers, to create a major fund management platform for green energy infrastructure in India, to be called EverSource Capital.
MPC Capital, an international real assets investment manager headquartered in Hamburg, has announced a joint venture with Martifer Renewables, a developer of wind and solar energy projects. The venture will focus on developing and supporting distributed generation and utility-scale solar photovoltaic and wind renewable energy projects throughout Colombia.
Vattenfall plans to invest SEK1 billion (US$120.8 milion) in developing new solar power plants, primarily large-scale, during 2018-2019. In addition, Vattenfall will provide small-scale solar solutions for customers. The investments support Vattenfall's objective to become fossil-free within a generation.
Capital Stage AG, the SDAX-listed solar and wind park operator based in Hamburg, has announced that it has changed its name to Encavis AG.
Following public disclosure of its 2017 earnings, Iberdola has announced plans to invest EUR32 billion (US$39.4 billion) over the period between 2018-2022. More than 90% of total amount will be allocated to regulated activities or long-term contracts, in line with the group's strategy of investing in businesses with stable and predictable returns.
Building Energy SpA, multinational company operating as a global integrated IPP in the renewable energy industry, has announced the constitution of Building Energy Andes SpA, a joint venture with Scotta Group aimed to the development, construction and operation of renewable energy assets in Chile.
ENGIE and Crédit Agricole Assurances have signed a new agreement to acquire nearly 500 MW of on-shore wind and solar power plants by the end of 2018 through their joint venture FEIH (Futures Energies Investissements Holding).
Vattenfall has announced that it has agreed to will supply 1.5 TWh of electricity annually to AkzoNobel in the Netherlands. The new agreement concerns AkzoNobel’s chemical production sites in Delfzijl, Hengelo and Rotterdam.
The Allianz Group has announced that from 1 January 2018, Allianz Capital Partners (ACP) will become a discrete entity under the umbrella of Allianz Global Investors (AllianzGI).
Over the period of 2020 to 2035, the EDF Group – through its subsidiary EDF Energies Nouvelles – intends to develop and build solar plants in France with a total 30 GW of installed capacity.
Ventient Energy Ltd, the UK’s third largest generator of onshore wind energy, and the largest non-utility owner of onshore wind, was officially launched last Monday.
ESB has officially opened an office at George Street Glasgow today, from where it will continue to develop high quality renewable energy generation projects in Scotland.
Dynamic Energy Networks (DEN) has announced strategic alliances with established energy and industrial sector powerhouses Schneider Electric and The Carlyle Group.
Siemens Gamesa Renewable Energy today presented its results. Regarding fiscal year 2017, revenue increased by 5% to €10,964 million, while underlying EBIT was €774 million (-18%) with an EBIT margin of 7%.
Global alternative asset manager The Carlyle Group has announced executive leadership changes, effective January 1, 2018.
Following DONG Energy's profound strategic transformation from black to green energy and the recent divestment of the upstream oil and gas production, the company has decided to change its name to Ørsted.
The EDF Group is launching its new subsidiary Agregio, in order to help electricity producers who create renewable energy and businesses who can adapt their patterns of consumption to make use of it.
Mainstream Renewable Power is making a number of changes to its senior management structure. Under the new structure, Mr Kinsella will take on responsibility for the running of the Group, its strategy and direction.