Latest Intelligence on Power Generation in Europe

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Type Product title / description Pub Price
Expert View
Expert View

Boom and bust for Spain's heavily subsidized solar industry

Although Spain's solar market was once at the forefront of worldwide activity, a change in its feed-in tariff subsidy has sent the sector into a downward spiral, leaving its future in the balance as solar manufacturers cut production and staffing levels. As a result, the global solar market faces a significant setback instead of making the necessary contributions towards the EU's 20-20-20 targets.

Published By Datamonitor
27 Apr 2009
Expert View
Expert View

British Energy - out of the frying pan...

Having been forced to sign a letter of credit from the government in 2003 to remain solvent, British Energy (BE) was obliged to sell forward 96% of its total output to the end of this winter. With the company contracted to continue selling its power at the low prices of the time, rising wholesale prices and underproduction have left BE selling at a large deficit and in ever deepening trouble.

Published By Datamonitor
16 Dec 2004
Expert View
Expert View

British Energy sale remains a political priority as nuclear credibility questioned

The UK government's sale of its stake in British Energy looks set to become increasingly protracted. While EdF remains the strong favorite to acquire the assets should a sale proceed, a potential minority stake for Centrica would play well politically. Without successful completion of a sale, British nuclear credibility will remain in question.

Published By Datamonitor
02 Jul 2008
Expert View
Expert View

British Energy sale to be increasingly protracted, but EDF remains in driving seat

The sale of British Energy is set to become increasingly protracted following rejection of a GBP12.4 billion bid from Electricite de France, as part of a joint venture with Centrica which was looking to acquire a 20-25% stake. While Electricite de France remains well placed to acquire the assets, Centrica's role could now be in danger.

Published By Datamonitor
15 Aug 2008
Expert View
Expert View

British Energy's acquisition would facilitate future nuclear build

The UK government is planning to divest its stake in British Energy. Consequently, a number of UK and European energy players have expressed an interest in buying the utility, as its assets can be used for future nuclear build. Although the acquisition may result in market consolidation, the real result would be increased electricity generation capacity and a greater security of supply in the UK.

Published By Datamonitor
03 Apr 2008
CommentWire
CommentWire

British Energy: a chilly nuclear winter in store

Following a recent run of bad news, things have not improved for British Energy, as outages have left only one of the company's plants operating at full capacity. The reactor problems are likely to have wider-reaching implications too, as the impact of the outage reverberates through the UK energy industry, with both short- and long-term consequences.

Published By Datamonitor
26 Oct 2006
CommentWire
CommentWire

British Energy: battle lines are drawn

The spat between bondholders and shareholders has been initiated by UK hedge fund Polygon, which is fighting British Energy's [BGY.L] proposed restructuring plan. Although Polygon's arguments have some credibility, they are destined to fall on deaf ears. Support for the restructuring is widespread and will not be swayed by Polygon's efforts.

Published By Datamonitor
03 Aug 2004
CommentWire
CommentWire

British Energy: crunch time is near

British Energy [BGY.L], the beleaguered power generator, claims to "welcome" the European Commission's inquiry into the GBP5 billion rescue package put together by the UK government. However, the outcome is by no means certain, and the company needs to show that it is committed to getting back on its own feet as quickly as possible.<BR />

Published By Datamonitor
01 Aug 2003
CommentWire
CommentWire

British Energy: huge losses announced

British Energy continues to struggle, announcing huge losses due to write-downs. Bankruptcy seems unlikely as this would cause chaos in the power market and so the government appears to have little choice but to continue throwing good money after bad.<BR /><BR />

Published By Datamonitor
04 Jun 2003
CommentWire
CommentWire

British Energy: power price rises pay off at last

British Energy's flirtation with bankruptcy in 2003 led to the government forcing it to sell all its power forward at a time of low power prices, resulting in it not benefiting from a recovery in power prices over 2004/05. This has cost it roughly GBP979 million in missed profits, and it is only now that its contracted position will enable it to benefit from the spike in wholesale power prices.

Published By Datamonitor
28 Jul 2005

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