British competition authority gives RWE clearance for acquisition of minority interest in E.ON
The British Competition and Markets Authority has approved RWE’s acquisition of a minority interest of 16.7% in E.ON without any conditions. RWE had filed the transaction with the CMA for review end of February 2019. This was preceded by extensive preliminary reviews by the CMA in order to obtain a precise picture of the effects of the transaction with E.ON on the competition.
RWE receives E.ON's renewables business and innogy's renewables business from E.ON as part of a far-reaching transaction announced in 2018. Added to this are E.ON’s minority interests in the Emsland and Gundremmingen nuclear power stations operated by RWE, innogy’s gas storage business and its stake in the Austrian power utility Kelag.Country updates
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May 08, 2019
KGAL completes purchase of minority stakes in SunErgy
Private Equity Fund KGAL New Frontiers, a unit of German KGAL, has completed the purchase of a 22% stake in SunErgy. SunErgy is a Norwegian company specialized in off-grid power supply to emerging co...
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May 02, 2019
The first turbine at the EnBW Hohe See 497 MW wind farm is installed
The installation of the first wind turbine for the 497 MW Hohe See offshore wind farm in the German North Sea was completed. The erection of the first wind turbine represents an important milesto...
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May 02, 2019
Vestas invests 25% minority stake in Sowitec
SOWITEC has announced that it has entered into an agreement with Vestas to acquire 25.1% of the share capital. As part of the agreement, Vestas will have the option to purchase the remaining stake in...
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April 30, 2019
Prime Capital launches Prime Green Energy Infrastructure Fund
German independent asset manager Prime Capital AG has launched the fundraising for Prime Green Energy Infrastructure Fund (“the Fund”), a fund which will invest in wind-powered energy asse...
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April 30, 2019
Deutsche Windtechnik awarded a maintenance contract for 113 MW offshore wind project in the German North Sea
EWE awards Deutsche Windtechnik a contract to provide maintenance for 30 Siemens SWT-3.6-120 wind turbines at the Riffgat offshore wind farm as part of an EU tender procedure that was initiated by EWE...
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