EnergyWatch

MHI Vestas loses executive

A Czech energy conglomerate has snapped up Vestas' head of strategy and business development. The focus area of his new position could mitigate any bitterness over the loss.

Photo: Pixel Partner/Flickr

Czech energy conglomerate CEZ is undergoing a huge strategy shift. Besides operating the Czech Republic's two nuclear power plants, Temelin and Dukovany, the portfolio of the enormous energy supplier also includes a dozen coal plants in Eastern Europe, while CEZ was among the bidders on Vattenfall's German brown coal plants.

But last year, the company decided that it will back green energy in its overseas investments from now on. Ahead to 2020, CEZ's goal is to invest CZK 60 billion (EUR 2.2 billion) in renewable energy "and other projects within the field of new energy." A strategy, which will see the capacity of renewable energy grow to 2,600 MW over the next three years.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

Further reading

Related articles

Latest News

See all jobs