Space Travel News  
OIL AND GAS
French energy company ENGIE sidesteps takeover questions
by Daniel J. Graeber
Washington (UPI) Jun 26, 2018

French energy company ENGIE said Tuesday it was addressing a Portuguese request by saying it wasn't bidding for a regional renewable unit of EDPR.

Bloomberg News, citing sources with knowledge of the issue, reported Monday that the French energy company was considering a takeover of the Portuguese segment of EDP Renovaveis with an eye on its U.S. portfolio.

In a statement Tuesday, the French company said it was responding to requests from market authorities in Portugal and recent speculation by saying it was "constantly" looking at investment opportunities.

"That said, ENGIE has not taken any decision in relation to EDPR and currently is not preparing the launching of any takeover bid over shares issued by EDP Renováveis," its statement read.

EDPR, which has its headquarters in Madrid, reported its first quarter net profit of $109 million was 39 percent higher than the same period last year. Its clean energy production was up 14 percent over the same time frame.

EDPR last month secured a 15-year agreement to sell the power produced from its Hidalgo II wind farm in Texas. It has 1.6 gigawatts of sales agreements for its North American subsidiary.

The Spanish parent had no comment on the takeover speculations.

In announcing its first quarter earnings, ENGIE said it was successful in repositioning itself as a low-carbon leader. In the French market, the company attributed gains to a strong increase in wind and hydroelectric power generation, which is up nearly 40 percent.

The French company solidified its position at the top of the renewable energy food chain in the country by acquiring producer LANGA group earlier this month. By year's end, the LANGA Group should have 215 megawatts of installed renewable energy capacity, with most of that existing as solar energy. Another 1.3 gigawatts of projects could be completed by the group by 2022.

Last week, it said it no longer had any coal-fired power assets in the Asia-Pacific after unloading shares in a Thai power producer.

The European Commission has said that Luxembourg needs to recover unpaid taxes from French energy company ENGIE because tax rulings gave it an unfair market advantage.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Russian, U.S. energy leaders to meet
Washington (UPI) Jun 25, 2018
Energy department heads from two of the world's leading natural gas producers, Russia and the United States, meet this week in Washington, the Kremlin said. Washington host's this year's World Gas Conference, which kicks off Tuesday. U.S. speakers include Energy Secretary Rick Perry and U.S. Sen. Lisa Murkowski, R-Alaska. Murkowski is a vocal supporter of U.S. oil and liquefied natural gas exports. Russian Energy Minister Alexander Novak said from the sidelines of a meeting of the Organi ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
OIL AND GAS
Martian Dust Storm Grows Global; Curiosity Captures Photos of Thickening Haze

Explosive volcanoes spawned mysterious Martian rock formation

Unique microbe could thrive on Mars, help future manned missions

NASA spacecraft studying massive Martian dust storm

OIL AND GAS
Micro satellite developed by Chinese university starts to work around Moon

Long suspected theory about the moon holds water

Relay satellite for Chang'e-4 lunar probe enters planned orbit

Thank the moon for Earth's lengthening day

OIL AND GAS
A dark and stormy Jupiter

NASA shares more Pluto images from New Horizons

Juno Solves 39-Year Old Mystery of Jupiter Lightning

NASA Re-plans Juno's Jupiter Mission

OIL AND GAS
Study reveals simple chemical process that may have led to the origin of life on Earth

ALMA discovers trio of infant planets around newborn star

Astronomers identify 121 giant planets likely to host habitable moons

Hawking plea 'to save planet' beamed to black hole

OIL AND GAS
Russia to deliver US new rocket engines

Arianegroup tests innovative technology for next generation upper stage rocket engine

ESA Council commits to Ariane 6 and transition from Ariane 5

Re-generatively cooled RL10 Thrust Chamber Assembly test validates 3D printing process

OIL AND GAS
China confirms reception of data from Gaofen-6 satellite

Experts Explain How China Is Opening International Space Cooperation

Beijing welcomes use of Chinese space station by all UN Nations

China upgrades spacecraft reentry and descent technology

OIL AND GAS
NASA, federal agencies aim to be better prepared for near-Earth objects

Hayabusa2 and MASCOT lander nearing Ryugu

What prevents space companies from mining asteroids for rare minerals

Organics on Ceres may be more abundant than originally thought









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.