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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. 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. million globally.

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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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In 2015, E.ON billion) compared to the previously planned 2015 capex of €4.3 E.ON’s financial flexibility is further enhanced by the divestment of its entire businesses in Spain and Portugal, which it has agreed to sell to Macquarie, an Australian investment firm, for an enterprise value of €2.5 In 2014 and 2015 E.ON

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Renault-Nissan Alliance, CEA and FSI to Form Joint Venture to Develop and Manufacture Batteries for Electric Vehicles

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In order to complete the financing of the project, the European Investment Bank (EIB) is considering a loan of up to 50% of the €280 million (US$416 million) debt financing. The Renault-Nissan Alliance will use its European battery plants in France, the UK and Portugal to supply electric vehicles built around Europe and Turkey.

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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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