Renewables policy blamed for decline in E.On and GDF profits November 13, 2013 GERMAN energy firm E.On yesterday narrowed its full-year earnings forecast, after posting a 19 per cent decline in earnings for the first nine months of the year. The integrated energy firm, which supplies power across Western Europe, blamed government support for renewables over conventional forms of energy for the decline. An increase in renewables has [...]
We can cut carbon emissions but not with inefficient renewable subsidies November 5, 2013 HOPE for a breakthrough at the international climate change talks in Warsaw next week is evergreen: “Where there is a will, there is a way!” the hosts’ environment minister says. But despite this optimism, there is little global will for an overarching agreement akin to the failed Kyoto protocol. Yet there is a very different [...]
Renewables firm Infinis puts price tag on IPO stake November 4, 2013 INFINIS, the energy company owned by Guy Hands’ private equity firm Terra Firma, yesterday set the price range for its forthcoming stock market float to value the company at nearly £1bn. Shares in the renewable energy provider are expected to price at between 260p and 310p each, giving the company a market cap of between [...]
Against the Grain: Why expensive renewable energy policies are failing to save the planet October 22, 2013 ENERGY price rises are again causing public anguish. The recent actions of some energy companies can be plausibly described as provocative, no matter how well-founded their decisions might be. They risk provoking the ire of the opposition, the government, and even former Prime Ministers like Sir John Major (who has just called for a windfall [...]
Wind turbine market to surge as investors dash for renewables August 26, 2013 SIEMENS, the world’s number three maker of wind turbines, expects the global wind power market to more than quadruple by 2030, lifted by strong growth in Asia. “The market will shift away from Europe significantly,” Markus Tacke, chief executive of the German company’s Wind Power division, said at a renewable energy conference in Berlin. He [...]
