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Major power and gas company E.ON splitting in two; focusing on renewables, spinning off conventional power generation

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The existing conventional generation, global energy trading, and exploration and production businesses will be combined in a new, independent company (“New Company”), a majority of which will be spun off to E.ON In 2015, E.ON billion) compared to the previously planned 2015 capex of €4.3 SE shareholders. In its new setup, E.ON

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PSA Peugeot Citroën and General Electric sign a European Cooperation Agreement for the co-development of electromobility solutions; BEVs and PHEVs

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The agreement would see GE Capital lease EV vehicles across Belgium, France, Germany, Italy, Netherlands, Sweden, Portugal, Spain, Switzerland and the UK. million globally. As a sign of its engagement in the EV sector, GE has shown interest in buying from PSA Peugeot Citroën up to 1,000 EVs by the end of 2015 for all of Europe.

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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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2010 and 2015 LCOE ranges for solar and wind technologies. Projected Costs of Generating Electricity: 2015 Edition looks at generation costs at more than 180 plants—from large nuclear and fossil-fuel facilities to wind farms to residential-sized solar PV installations—in 22 countries, including Brazil, China and South Africa.

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