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Agora Enerergiewende publishes paper on key elements and context of the changes When the German Renewable Energy Act was established in 2000, the energy market was markedly different. Since then, renewable energy use has increased dramatically in Germany, from 6.3% to over 25% of total energy used. The price of the technology has also dropped substantially: solar panel prices are less than half what they were in 2006. Nuclear energy has been scaled back, while natural gas and other fossil fuel prices have increased in Germany and throughout Europe, contributing to a rise in overall energy prices. Now that the program has [...]
Sun, Sep 14, 2014, Continue reading at the source
Danfoss announces a public tender offer for all shares of the Finnish AC drives company Vacon. Vacon shareholders are being offered a cash consideration of EUR 34 for each share in Vacon, representing an aggregate equity purchase price of approximately EUR 1038 million. “After a careful examination of Danfoss' offer, the Board of Directors of Vacon has unanimously decided to recommend that the shareholders accept it. Vacon is truly one of the great industrial success stories, even globally speaking. By joining forces, the two companies will create a Nordic-based global player – a new AC drives business with the clear ambition [...]
Sun, Sep 14, 2014, Continue reading at the source
Danfoss announces a public tender offer for all shares of the Finnish AC drives company Vacon. Vacon shareholders are being offered a cash consideration of EUR 34 for each share in Vacon, representing an aggregate equity purchase price of approximately EUR 1038 million. “After a careful examination of Danfoss' offer, the Board of Directors of Vacon has unanimously decided to recommend that the shareholders accept it. Vacon is truly one of the great industrial success stories, even globally speaking. By joining forces, the two companies will create a Nordic-based global player – a new AC drives business with the clear ambition [...]
Sun, Sep 14, 2014, Continue reading at the source