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Francesco Starace Enel Green Power

New strategy will boost Enel even more

Italian energy company Enel was able to grow its results by 17 percent in 2016. But the company's plans are even bigger after the introduction of a new strategy.

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Vattenfall to provide hydrogen for green fuel

In collaboration with Swedish company Preem, Vattenfall will provide hydrogen to convert forest by-products to green fuel. The collaboration could double Preem's production and help Sweden to achieve over half of its climate goals for the transport sector.

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Problematic Hejre field costs Bayerngas the big bucks

Bayerngas Danmark had to make large impairments again this year on the Hejre field which has caused severe problems. Yet Bayerngas maintains optimism and bets that the field will be up and running within a few years.

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Discount shares send EDF tumbling on stock exchange

In the attempt to raise money to fund the construction of the nuclear power plant Hinkley Point C, French energy major EDF is now selling its shares at a discount. This has prompted the share price to take a drastic dive.

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Ramboll more than doubles earnings

The bottom line grew significantly for Ramboll, which can also boast its highest operating result ever. The Group CEO is thankful for the Nordic businesses and international business entity Energi.

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"Biomass is still in the making"

Danish company Verdo believes that the biomass market will develop much more. The company is currently keeping a close eye on whether or not suppliers meet sustainability requirements, but has also stated that taking the next step and owning forests is under consideration.

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Canadian company buys offshore wind farm in Germany

A German offshore wind farm of 252 MW will soon have new owners. The farm's installation, which will consist of Vestas turbines, will begin sometime during this year and cost around EUR 1.2 billion to construct.

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MHI Vestas announces 400 new jobs

Increasing demand for Vestas 8 MW turbines has prompted the company to increase production in certain Danish locations, where 400 new employees will soon be hired.

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Danish-German grid issues worsened last year

New figures confirm historically low capacity on the cable connection between southern Denmark and Germany. This is negatively impacting exports for Danish electricity producers.

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European Energy quadruples its profit

European Energy made significant gains in 2016 with major top and bottom line growth. The company is working to sell more projects under construction in locations including Denmark, Germany, and Italy.

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Energy shopping is the new trend

Close to 30 percent more of the British population takes the time to investigate which electricity or gas company best suits their needs and then switches supplier.

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Gazprom delivers bottom line bonanza during oil crisis

The operating result was historically high and there was plenty of money in the pockets of Russian energy giant Gazprom's subsidiary in 2016. However, there are various explanations on top of a huge oil deficit in 2016.

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Iberdrola grows in spite of horrible wind year in the UK

The energy company has presented a nice annual result, boosted by a huge acquisition in 2015 for the first time. However, the Spanish company's wind turbines in the UK had an unusually tough year and declined by almost 50 percent.