Search results for: E.ON

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  • 3 July 2017

    German energy group E.ON established its own procurement and marketing function for the German, British and Swedish markets. The so-called Market Operations teams in these countries will focus on transactions on wholesale energy markets and the grid operators’ balancing markets,  E.ON said on Monday. They will be primarily tasked with purchasing power and gas for […]

  • 11 May 2016
    Business & Finance

    E.ON’s renewables unit recorded a 10 percent lower EBITDA in the first quarter of this year, but its Wind and Solar business’ EBITDA rose by 42 percent, mostly due to the commissioning of Amrumbank West and Humber Gateway offshore wind farms.  The company expects the two offshore wind farms to give a boost to its renewables unit by delivering earnings for this […]

  • 11 May 2016
    Business & Finance

    E.ON’s renewables unit recorded a 10 percent lower EBITDA in the first quarter of this year, but its Wind and Solar business’ EBITDA rose by 42 percent, mostly due to the commissioning of Amrumbank West and Humber Gateway offshore wind farms.  The company expects the two offshore wind farms to give a boost to its renewables unit by delivering earnings for this […]

  • 13 May 2019
    Business & Finance

    Essen-based energy company E.ON reported EUR 211 million adjusted EBIT for its Renewables segment in the first quarter of 2019, a 23% increase compared to EUR 171 million adjusted EBIT recorded in the first quarter of 2018. The increase resulted primarily from an increase in output due to the commissioning of offshore wind farms in Germany and […]

  • 26 April 2016
    Business & Finance

    E.ON reiterated its aim to establish itself as a leading company in the new energy world while confirming its 2016 outlook today. “Our objective is to make E.ON into a leading company of the distributed, renewable, and digital energy world,” said E.ON’s CEO Johannes Teyssen, confirming the company’s determination to carry out the spin-off of its conventional power […]

  • 12 November 2019
    Business & Finance

    E.ON and RWE Renewables have signed a power purchase agreement (PPA) for more than 20 offshore and onshore wind farms in the UK. Under the 2.5-year agreement, E.ON buys around 3TWh of power annually from wind farms in the UK which are operated by RWE. The deal covers a capacity of 892MW of wind generation and […]

  • 4 January 2016
    Business & Finance

    As announced earlier, E.ON separated its operations from Uniper’s effective 1 January, 2016. E.ON will focus on renewables, energy networks, and customer solutions, whereas Uniper will operate a conventional energy business consisting of conventional power generation (including hydro) and global energy trading.  E.ON will be doing business from its new campus in Essen, while Uniper will […]

  • 1 October 2019
    Business & Finance

    E.ON has transferred its renewables business, E.ON Climate & Renewables, to RWE as part of the transaction to acquire and integrate innogy. Back in March 2018, RWE and E.ON entered into an agreement by which E.ON is taking over RWE’s 76.79% stake in innogy, whereas RWE is obtaining among other things all of E.ON’s major renewable energy […]

  • 11 October 2019
    Business & Finance

    Innogy has undergone a number of management changes following E.ON’s takeover of the majority share in the company from RWE. Innogy’s Supervisory Board elected Johannes Teyssen, Chief Executive Officer of E.ON SE, as its Chairman, replacing Erhard Schipporeit, who had stepped down from the board along with other shareholder representatives. The Supervisory Board also resolved on […]

  • 16 December 2016
    Business & Finance

    At its meeting today, the E.ON Supervisory Board appointed Marc Spieker member of the Board of Management and future Chief Financial Officer (CFO) of E.ON SE. He will join the Board on January 1, 2017 and take over the CFO position on April 1 from Michael Sen, who will then leave the company.  Marc Spieker […]

  • 10 June 2015
    Storage

    E.ON is encouraging local people to come along to a drop-in exhibition that the company is holding next Tuesday in Lancing, to share details of the final design and construction plans for the 400MW 116 turbine Rampion Offshore Wind Farm. Last month the project was given the green light by E.ON and partners the Green […]

  • 12 August 2015
    Business & Finance

    The German energy company, E.ON, has posted half-year EBITDA of €4.3 billion, 13 per cent lower than the same period last year, and underlying net income dropped 21 per cent year-on-year to €1.2 billion. The reduction in EBITDA is primarily attributable to a further decline in wholesale electricity prices, lower oil prices, and a weak […]

  • 12 November 2019
    Business & Finance

    E.ON and RWE Renewables have signed a power purchase agreement (PPA) for more than 20 offshore and onshore wind farms in the UK. Under the 2.5-year agreement, E.ON buys around 3TWh of power annually from wind farms in the UK which are operated by RWE. The deal covers a capacity of 892MW of wind generation and […]

  • 7 August 2019
    Business & Finance

    E.ON’s Renewables division saw a EUR 39 million increase in adjusted EBIT in the first half of 2019, primarily said to be due to the commissioning of offshore wind farms in the UK and Germany. The renewables adjusted EBIT equals EUR 275 million in the first six months, with the primary reason being the increase […]

  • 24 March 2016

    During the unexploded ordnance (UXO) surveys at the Rampion offshore wind site, two unexploded items have been found. The bombs, possibly from the Second World War 2 or even earlier, were located within close vicinity of each other within the offshore site. Nevertheless, the offshore construction is not affected by the UXO discovery. E.ON has issued a notice to […]

  • 7 May 2015
    Business & Finance

    E.ON’s transformation is the main topic at the company’s Annual Shareholders Meeting in Essen, Germany. Supervisory Board Chairman Werner Wenning and CEO Johannes Teyssen updated shareholders on the status of the project to divide the company into the future E.ON and a new company, Uniper. Starting in 2016, E.ON will focus on renewables, energy networks, […]

  • 24 April 2019

    E.ON has decommissioned the two-turbine Blyth project, the first offshore wind farm built in UK waters. The Blyth offshore wind farm features two 2MW turbines commissioned in December 2000, which were at that time the most powerful units. According to E.ON, wind farms usually have a lifespan of 20-25 years and Blyth has reached the end of […]

  • 26 February 2019
    Authorities & Government, Business & Finance

    The European Commission has approved under the EU Merger Regulation the acquisition by RWE of E.ON’s renewable and nuclear electricity generation assets. Under the agreement reached in March 2018, E.ON is to take over RWE’s 76.79% stake in innogy, whereas RWE is to obtain among other things all of E.ON’s major renewable energy activities and innogy’s renewable energy […]

  • 31 January 2019
    Authorities & Government, Business & Finance

    Essen-based energy company E.ON has submitted its application to integrate innogy to the EU Commission. “With the filing of the transaction in Brussels, we have taken an important step towards our goal of implementing the transaction agreed with RWE to acquire innogy from mid-2019. We are also well on track to prepare the planned integration of […]

  • 13 January 2016

    After several reports earlier on Wednesday claimed that the British independent oil company Premier Oil was in talks to acquire a rival company, with Premier Oil’s shares suspended pending an announcement, the announcement is finally here. What Reuters hinted earlier today, citing sources close to the matter, Premier Oil has now confirmed. In a statement […]

  • 19 September 2019
    Business & Finance

    E.ON has closed the purchase of a 76.8% stake in innogy from RWE, shortly after the European Commission approved the transaction. E.ON and RWE have been engaged in an asset swap since March 2018 in which E.ON takes over the 76.8% stake in innogy, while RWE obtains, among other things, all E.ON’s major renewable energy activities and […]

  • 15 May 2019
    Business & Finance

    German energy company RWE has secured a EUR 5 billion credit agreement in preparation for the integration of the renewables activities of E.ON and innogy. The line of credit, provided by 27 international banks, was significantly oversubscribed, RWE said. Under the agreement reached in March 2018, E.ON is to take over RWE’s 76.79% stake in innogy, whereas RWE is […]