FRANKFURT : Siemens Gamesa SGREN.MC, the Spanish-listed wind turbine maker majority-owned by Germany’s Siemens Energy ENR1n.DE, is expected to be delisted in February after shareholders voted in favour of the previously announced move. More than 98% of shareholders approved the plan at Wednesday’s extraordinary general meeting, the company said. Siemens Energy last year launched a […]
Energy
Public Power Corp, RWE to build five solar farms in Greece
Greece’s biggest power utility Public Power Corp. (PPC) (DEHr.AT) and Germany’s RWE (RWEG.DE) have taken a final investment decision to build five solar farms in Greece, the two companies said on Thursday. The farms will cost 180 million euros ($196 million) and have a total capacity of about 200 megawatts (MW). They are expected to […]
Yellen welcomes South Africa’s energy transition, steers clear of Russia mention
PRETORIA : U.S. Treasury Secretary Janet Yellen on Thursday lauded South Africa’s “bold” participation in an energy transition partnership backed by the United States and other Western nations but steered clear of mentioning U.S. concerns about Pretoria’s planned military drills with China and Russia. Yellen spoke to reporters alongside South African Finance Minister Enoch Godongwana […]
Silos holding back the energy transition
When leaders of the G20 nations meet in Bali next week, it’s expected they will commit to the ‘Bali Compact’, a set of nine principles agreed in September by the G20 energy ministers. At its heart is a plan to accelerate the transition to renewable energy. Indonesia brings the theme of recover together, recover stronger […]