Press releases

Press releases extract filtering:
15
January 2019

ČEZ Group is expanding its operations in France to over 215 MW of installed capacity. It is launching the development of another eight projects.

ČEZ Group has acquired onshore wind power projects in France with a potential overall installed capacity of up to 116 MW. CEZ France SAS has acquired power plants in advanced stages of development from ABO Wind, a respected developer for renewable energies. ABO Wind has secured a guaranteed feed-in remuneration over a period of 15 years. At present, ČEZ is preparing the construction of wind power plants in France with a total installed power of over 215 MW. The first turbines should begin delivering environmentally-friendly electricity to the grid this year.

14
January 2019

INVEN CAPITAL announces its first investment in Israel. The Driivz platform is set to accelerate electromobility development.

INVEN CAPITAL, CEZ Group’s investment fund that seeks opportunities in the new energy sector, is entering the Israeli start-up market. The Driivz platform, which is used by 300,000 drivers worldwide, offers an end-to-end electric vehicle (EV) charging infrastructure management solution. It is the fund’s eighth overall investment into the ‘new energy’ sector.

21
December 2018

ČEZ Group focusing on development phases in German wind energy projects.

In December 2018 the ČEZ Group acquired wind turbine projects in Germany with a total potential installed capacity of 190 MW.

8
November 2018

ČEZ Group Earned CZK 9 Billion for the First Three Quarters and Increased its Forecast of Net Income less Extraordinary Items to CZK 13–14 Billion

CEZ Group’s Operating Revenues for the first three quarters of 2018 reached CZK 129.3 billion, with EBITDA reaching CZK 38.7 billion and Net Income at CZK 9.1 billion. Net Income less extraordinary items that generally do not pertain to the ordinary business of the financial year reached CZK 11.3 billion. The year-on-year change of the income generated for the first three quarters was significantly influenced by nearly CZK 7 billion in one-off revenues in 2017, due in particular to the sale of MOL’s shares. In terms of its expected results for the whole year, CEZ Group has specified its expected EBITDA at CZK 50-51 billion and has increased its outlook for Net Income less extraordinary items to CZK 13-14 billion.

5
November 2018

INVEN CAPITAL is the biggest investor in tado°, the leader in smart thermostats, alongside such global giants as Amazon and Siemens.

INVEN CAPITAL, CEZ Group’s investment fund investing in promising technology companies in the “new energy” sector, became the biggest shareholder in tado°, the Germany-based leader in the European smart thermostat market. It did so in another round of capital increase with a total volume of EUR 43 million, with participants including “big shots” such as Amazon and Total Energy Ventures. This is INVEN CAPITAL’s third investment made under a joint project with the European Investment Bank (EIB).

5
November 2018

INVEN CAPITAL and the European Investment Bank report completing another joint investment, increasing its share in the successful innovative company Cloud&Heat.

INVEN CAPITAL, CEZ Group’s investment fund seeking opportunities in the “new energy” sector, has increased its stake in German company Cloud&Heat Technologies. The Dresden-based expert provides unique solutions utilizing heat from servers for heating and hot water for commercial premises. This is also the second investment made under a joint project with the European Investment Bank (EIB). The first one was investment in French technology company Cosmo Tech in September. INVEN CAPITAL has already made a total of seven investments in the “new energy” sector.

24
September 2018

Temelín's Unit 2 produces electricity again

On Saturday at 20:15 o'clock, the Unit 2 of Temelín NPP restored the electricity production. Its turbine generator was disconnected from the transmission network for two days during which the plant's technicians worked on the condenser in the non-nuclear part of the plant. Currently, the Unit's output is at full power level.

11
September 2018

INVEN CAPITAL and the European Investment Bank are making their first joint investment. Their joint fund is acquiring a stake in a company specializing in the optimization of critical infrastructure management.

INVEN CAPITAL, CEZ Group’s investment fund seeking opportunities in the “new energy” sector, has acquired a stake in the French company Cosmo Tech. This is the first new investment made under a joint project with the European Investment Bank (EIB). Together, it is the fund’s seventh investment in the new energy sector.

30
August 2018

Temelín's Unit 2 restored electricity production

Today at 1:18 am, the Unit 2 of Temelín NPP started to produce electricity. It was shutdown for refueling from the beginning of June 29. The outage lasted 61 days and the power plant technicians replaced during it one third of fuel, checked safety systems and made several tens of modernizations. Altogether, the outage schedule comprised over 13 thousand activities. Prior to achieving full power, the power plant technicians are about to test the Unit at 80 percent of the reactor rated power.

7
August 2018

ČEZ earned CZK 7.7 billion in 1H and confirms its annual outlook for net income of CZK 12–14 billion. ČEZ’s worth has increased by almost CZK 47 billion since the beginning of the year.

CEZ Group’s revenues amounted to CZK 86.3 billion, EBITDA was CZK 26.9 billion, and net income was CZK 7.7 billion in the first half of 2018. A year-on-year comparison of profits is significantly affected by non-recurrent revenue of almost CZK 7 billion in 2017, primarily the sale of MOL stock. Moreover, a significant increase in commodity prices adversely affected the income in the first half of 2018 due to temporary revaluation of hedges for the supplies of electricity from planned generation for the second half of 2018. CEZ Group’s real performance in the first half-year is thus in line with expectations and the Group confirms its estimate of adjusted net income of CZK 12 to 14 billion for the full 2018 year as well as its estimated EBITDA of CZK 51 to 53 billion.

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