Tag Archives: Germany

TotalEnergies to Acquire Germany’s VSB Group

TotalEnergies has agreed to buy German renewables developer VSB Group from Swiss asset manager Partners Group. The transaction, worth €1.57 billion in equity value and shareholder loans, remains subject to the approval of applicable merger control authorities. VSB has more than 475 MW of renewables capacity in operation or under …

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Germany Set to Cross 100 GW Milestone

Germany might exceed 100 GW of cumulative solar capacity in 2024, as new projections from Bundesverband der deutschen Energie- und Wasserwirtschaft (BDEW) estimate 17.5 GW in new PV installations. Germany’s renewable energy association, BDEW, said it expects 17.5 GW of new PV capacity in 2024, up from 15.3 GW in …

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Shell Turns Germany’s Top Refinery Green

Shell is gearing up to transform its largest German oil refinery, Rheinland, turning the crude-centric Wesseling site into a base-oil powerhouse. The overhaul, set to kick off next quarter, signals a major shift as Shell pivots from conventional oil refining toward high-grade lubricants. Goodbye crude processing at Wesseling—by 2025, that …

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Germany Approves $20.5 Billion Hydrogen Push

Germany’s government has approved plans for the development of a hydrogen network that would cost 19 billion euros, equivalent to $20.5 billion. The plan would include converting natural gas pipelines into infrastructure for the transportation of hydrogen, building new pipelines as well, and connecting them all with big industrial energy …

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Germany Wants more Kazakh Oil

Germany, the European Union’s biggest economy, is also the most vocal advocate of a transition away from oil and gas. Despite this policy, Germany is one of the biggest importers of liquefied natural gas. Now, it also wants to significantly boost its crude oil imports—from Kazakhstan. Media reported this week …

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