CEZ has agreed on the terms of sale of its Bulgarian hard coal-fired thermal power plant Varna.
ČEZ Continues to Build Public Fast-Charging Stations for Electric Cars. A Part of the Network Built is Financed by a European Grant.
Prague, 3 October 2017 – It is than ever easier to quickly recharge your electric car while travelling across the Czech Republic or abroad. CEZ Group’s Electromobility Project, which operates the largest national network of public charging stations, has yesterday launched three ABB fast-charging stations at a charging point in Vestec at Prague’s highway ring. The company has also presented its vision of how the charging infrastructure development should continue. The infrastructure construction is co-financed by a European grant from the Connecting Europe Facility (CEF).
INVEN CAPITAL has become a shareholder in the French company VULOG, the global leader in providing technology for shared mobility involving green cars in cities. VULOG’s customers operate on four continents where they represent one of the major pillars in the smart city concept.
The bids are being evaluated.
Elevion is a leading integrated provider of multi-technical building services and a well-established trademark on the German ESCO market. The company represents a strong platform for providing energy services to industrial corporations, cities and municipalities as well as the building sector. Elevion’s revenues have been increasing by more than 30 percent on average annually over the past five years. Among their important customers are blue chip companies across a broad range of industries including aerospace, automotive, food, healthcare, industrial, and technology.
CEZ Group continues to invest in German wind power, its total installed capacity in Germany has now reached nearly 135 MW.
CEZ Group has taken over the operational onshore wind farm Lettweiler Höhe in Germany, with a total installed capacity of 35.4 MW. All of the turbines, located near Rehborn in a single location in the German state of Rhineland-Palatinate, are in operation. The contract with the seller, the well-reputed KGAL Asset and Investment Manager, foresees support in the form of a guaranteed feed-in tariff over 20 years.
By acquiring 9 wind farms, CEZ Group has entered the French renewable energy market. The projects were acquired from ABO Wind, a reputed German developer of renewable sources. Located in six regions across France, the onshore wind farms are in an advanced stage of development. During the next 5 years, up to 100 MW of installed capacity can be built. All wind farms have operational support in the form of a feed-in tariff guaranteed for 15 years.
Following the assessment of investor interest in Bulgarian assets of CEZ, a. s., CEZ Group decided to enter into negotiations with several chosen entities that placed the best offers.
In the first quarter of 2017, CEZ Group achieved net profit of CZK 8.7 billion, 13% less year-on-year but 15% more than in the year before last. Its EBITDA was CZK 19.0 billion. Decreased realization prices of generated electricity account for a whole 70% of the CZK 1.0 billion year-on-year decrease. CEZ Group increases its estimate of net profit in the whole of this year to CZK 17 billion, primarily due to a successful sale of MOL shares.
ČEZ invests through INVEN CAPITAL into a unique solution that combines the world of data centers and heating
INVEN CAPITAL has become a shareholder in the Dresden-based company Cloud&Heat Technologies, which provides a unique solution that uses server heat for hot water and heating purposes in commercial buildings. This solution reduces data center operating cost by 50% relative to a conventional solution.