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GE gives rise to new oil behemoth

Just three weeks after the purchase of LM Wind Power, GE continues on its wave of consolidation. This time, the US conglomerate is seeking a partnership with annual revenue of more than USD 32 billion.

Photo: /ritzau/AP/Thibault Camus

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German wind prices rise by one fifth

After dramatic price decreases and major criticism of German onshore wind auctions, the average price saw a significant boost in the first auction since the provisional tightening of the rules for citizen projects. Solar power is thus cheaper than wind.

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