French energy group Engie plans to double its renewable electricity generation capacity in France as it seeks to boost its share of the power market with the offer of renewable power only and weekend discounts. The gas and power supplier, whose 3 million electricity customers in France represent a market share of just under 10 percent, said on Wednesday it aims to win 1 million new customers in the coming year with an offer to supply electricity from renewable sources only for new customers.
Reuters 26th Oct 2016 read more »
The biggest windfarm operator in the UK is considering selling its oil and gas business, four decades after it was set up to manage Denmark’s North Sea oilfields. Dong Energy, which is majority owned by the Danish government, said it had appointed JP Morgan to perform a strategy review that could result in the sale of the oil and gas business. Offloading oil assets would result in the company, whose initials stand for Danish Oil and Natural Gas, focus on wind power instead, completing its transformation from fossil fuels to renewables.
Guardian 26th Oct 2016 read more »
Times 27th Oct 2016 read more »