Swedish state-owned energy giant Vattenfall said on Monday it had reached a deal to sell its German coal operations, employing 8,000 people, as it moves away from activities blamed for climate change. Vattenfall said it would sell its German lignite, or brown coal, business – opencast coalmines and two power plants close to the German-Polish border – to Czech operator EPH. The coal operations represent about one-tenth of Vattenfall’s power production in Germany, where it is the third-largest energy supplier.
Guardian 18th April 2016 read more »
The Swedish Government wants to deliver on the Paris Agreement on climate change, but it must come clean on its coal responsibilities. Selling Vattenfall’s lignite assets to a privately owned company that aims to prolong their polluting lifetimes undermines Sweden’s climate credibility.
E3G 18th April 2016 read more »
As energy secretary he threatened to break up the Big Six energy suppliers. Now, Sir Edward Davey – who was knighted after losing his seat in the general election – has decided to take on the power suppliers at their own game. Mongoose Energy, the small community energy generation company that Sir Edward joined as chairman last year, is to launch as a retail gas and electricity supplier. Consumers who wish to buy their energy from the former energy secretary have been told they will have to wait until later in the year for details of the deals on offer. However, Mongoose said that “the new supply business will source its electricity from renewable sources” and has pledged to offer a “competitively priced range of tariffs”.
Telegraph 18th April 2016 read more »