Tag: Germany

Ziehl-Abegg posts an 8.6 % rise

Germany: Turnover of the Künzelsau electric motor and fan manufacturer Ziehl-Abegg rose from $633 M (€583 M) to $687 M (€633 M) in the year of 2019.

Innogy commits to 342 MW wind farm

Germany, Essen: Innogy SE has taken the final investment decision for the construction of the 342 MW Kaskasi offshore wind farm in the German North Sea.

Grid operators consider splitting Germany’s single power market zone

Germany: Transmission system operators (TSO) in Germany are considering splitting the country's single power market bidding zone into different zones as the first step of a planned EU-wide review intended to increase cross-border power trade and the economic efficiency of electricity flows.

Megger acquires Power Diagnostix

Megger has acquired Power Diagnostix of Aachen, Germany, a leader in the development and manufacture of high voltage diagnostic equipment.

Germany will need to invest $59 billion in transmission

Germany's four transmission grid operators have published their proposal for the 2030 electricity grid, including 1,600 kilometres of new power lines and updating another 2,900 km. The cost of this proposal is estimated to be $ 59 billion.

German bank to buy 20% stake in 50Hertz

Germany: German state-owned bank KfW has agreed to acquire 20% stake in Eurogrid International, the holding company of German transmission system operator (TSO) 50Hertz, on behalf of the German Federal Government.