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Innogy’s general counsel Claudia Mayfeld will continue to provide legal support for the planned asset swap between RWE and Eon before her departure next year.
5 years ago
A collective bargaining agreement for “future and job security” has been reached in Germany ahead of the planned asset swap between Eon and RWE.
The continued difficult market conditions for Innogy’s UK retail business, Npower, are a reality the company does not want to “ignore”, according to its chief executive.
The Competition and Markets Authority (CMA) has given the green light to the planned asset swap deal between RWE and Eon.
As part of the expansion of its renewable strategy, German energy company Innogy SE has made a move into a new market with the opening of its first windfarm in Ireland.
Innogy is considering “alternative options” for its subsidiary Npower following the collapse of the planned merger with SSE’s retail arm in December.
The probe will examine whether the major European asset swap transaction will likely lead to a “substantial lessening of competition” in the UK energy market.
Eon has confirmed it does not expect “any material effect” on either the timing or delivery of the the major asset swap between itself and RWE following the collapse of the proposed Npower and SSE merger.
The announcement that SSE will not pursue its planned SSE Energy Services tie-up with Npower
Energy firms have long been chastised for ‘profiteering’, but the dire share price performance of most of the big European companies over the past decade tells a different story.
A year ago it was hailed as a deal set to shake up energy retail
Speculation has been rife about the future of the SSE/Npower retail merger since news emerged
6 years ago
RWE has halted development of its Tilbury Energy Centre project in Essex which was set to feature up to 2.9GW of gas generation and energy storage.
Eon has announced “important milestones” have been reached in its transaction to acquire Innogy from RWE.
An over-reliance on interconnectors to provide backup power for intermittent renewables could put the security of power supplies at risk, a new report from Aurora Energy Research has cautioned.
A leaked internal email from Npower owner Innogy states it is “extremely concerned” it will bear the brunt of thousands of job cuts planned as part of a major shakeup of the European energy industry.