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Krebber said its global spending would focus on onshore wind and photovoltaics (PV) in the United States and Europe, where offshore wind spending would be significant too, with PV also highly relevant in Australia. By taking over the renewable energy assets of subsidiary Innogy and of E.ON within the sector carve-up, RWE will develop into Europe’s third-biggest renewables company and the world’s number five, with installed capacity of 10 gigawatts. Globally, “we will invest more than 1.5 billion euros (per year), and this could be as much as 2.5 billion euros with partners’ money”, Krebber said.
RWE on Wednesday increased its credit line with a consortium of 27 international banks swank cufflinks to 5 billion euros ($5.7 billion) in order to fund the renewables business integration, In the United States, it will inherit a 3 GW renewables portfolio from its two German peers and seek to expand that to 8 GW, The main emphasis would be on onshore wind between the Great Lakes and down to the Gulf of Mexico, Krebber said, RWE would develop and construct the assets itself, not invest in existing ones, Investment conditions in U.S, renewables are attractive because prices for plants have come down, while remuneration for production will be lucrative even after federal tax credits expire..
Germany is more of a gamble because once feed-in tariffs go, projects must win long-term financing via auctions. Krebber also said Asian renewables would lend themselves to investment either before 2025, or in the second half of the next decade. “Offshore wind would be attractive in a densely populated country like Japan,” he said, also mentioning South Korea and India. The company expects to benefit from an expansion of liquefied natural gas (LNG). Its trading division sees “significant” increases in volumes this year after 10 million tonnes were transacted in 2018.
(Reuters) - Bank of New York Mellon Corp said it expects net interest revenue to fall between 3 and 5 percent in the second quarter, compared with the first, mostly due to higher interest paid on deposits, Shares of swank cufflinks the world’s largest custodian bank plunged 7.8 percent in premarket trading on Wednesday, The company said even though there was less chance of future hikes in interest rates, there has been no decline in competition for deposits, “Competition for deposits is still high, and we expect that the rate paid on interest-bearing deposits will increase a little,” BNY Chief Financial Officer Michael Santomassimo said during the bank’s post-earnings conference call with analysts..
(Reuters) - Textron Inc said on Wednesday it expects the final certification of its newest Longitude business jet in the second quarter of 2019, after it was delayed for several months. The company is expecting major revenue growth in 2019 from the sales of the Longitude jet and said deliveries of the aircraft would begin in the third quarter of this year. “We continue to coordinate closely with the Federal Aviation Administration as our engineer group works to complete the underlying documentation that is required under the FAA’s design assurance process,” Chief Executive Officer Scott Donnelly said.
STRASBOURG (Reuters) - Google and Amazon will have to tell companies how they rank products on their platforms while Facebook and other swank cufflinks tech firms will have to be more transparent about their terms and conditions under new EU rules approved on Wednesday, The platform-to-business (P2B) law, proposed by the European Commission in April last year, is the latest move by Europe to rein in online giants and ensure they treat smaller rivals and users fairly, Lawmakers at the European Parliament gave the green light to the new laws on Wednesday, which will have to be rubber stamped by the European Council in the coming months before they take effect, Negotiators from all three bodies reached a political deal in February..
The new rules, which will cover 7,000 online companies, target e-commerce market places, app stores, social media and price comparison tools. Google’s three products Play, Shopping and Search, Apple’s App Store, Microsoft’s Store and Bing, Amazon Marketplace, eBay, Fnac Marketplace, Facebook’s Instagram, Skyscanner, Yahoo! and DuckDuckGo are some of the companies affected by the rules. “As the first-ever regulation in the world that addresses the challenges of business relations within the online platform economy, it is an important milestone of the Digital Single Market and lays the ground for future developments,” Andrus Ansip, the Commission’s digital chief, said.
The rules include a blacklist of unfair trading practices, require companies to set up an internal system to handle complaints and allow businesses to group together to sue platforms, The tech industry, which successfully lobbied for the light regulatory regime, welcomed the lawmakers’ endorsement, “This new regulation will positively contribute to achieving the digital single market, while reinforcing trust and predictability online,” tech lobbying group EDiMA said, Its members include Amazon, Apple, eBay, swank cufflinks Expedia, Facebook, Google, Microsoft and Mozilla..