Latest news with #energyexpansion
Bloomberg
24-07-2025
- Business
- Bloomberg
EON Seen Raising Investments by About €11 Billion Through 2030
German power utility EON SE is likely to increase spending by about €11 billion ($12.9 billion) by the end of the decade as the country makes grid investments more attractive, according to a report from Bernstein. As one of Europe's largest grid operators, EON plays a key role in supporting the expansion of renewable power. Following calls from the company and its peers — which rely on regulated assets for much of their income — Germany has proposed changes that would boost returns for investors in the network.
Yahoo
11-07-2025
- Business
- Yahoo
How Is CEG Using Acquisitions to Accelerate Clean Energy Growth?
Constellation Energy Corporation CEG is leveraging strategic partnerships to expand its market reach, enhance its clean energy portfolio and develop innovative technologies. These partnerships allow the company to offer more comprehensive solutions to customers and drive growth in the clean energy sector. The objective of the company is to make opportunistic energy acquisitions with a focus on January 2025, Constellation Energy announced to acquire Calpine in a cash and stock transaction valued at an equity purchase price of nearly $16.4 billion. The agreement will combine the nation's leading clean energy producer with Calpine's reliable, dispatchable natural gas assets, opening up opportunities to supply more customers coast-to-coast. In June 2025, CEG received regulatory approval from the New York State Public Service Commission and the deal is expected to be closed in the fourth quarter of 2025. This acquisition is expected to significantly boost CEG's earnings per share (EPS) by more than 20% in 2026, and further add at least $2 to EPS through 2029. Additionally, the combined company is projected to generate more than $2 billion in free cash flow before growth annually. In 2023, CEG also acquired a 44% ownership stake in the South Texas Project Electric Generating Station for $1.75 billion. This transaction included nearly 1,100 megawatts (MW) of the plant's output, expanding CEG's carbon-free nuclear is benefiting from its strategic acquisitions. This enhances its position as a leading clean energy provider, expanding its customer base and increasing financial strength. The company's strategic acquisitions are projected to deliver immediate earnings accretion, significant free cash flow and opportunities to reinvest in clean energy technologies. Some other utility companies that are also focused on expanding operations through acquisitions have been discussed below:NRG Energy NRG will acquire a portfolio of natural gas generation facilities and a commercial and industrial virtual power plant platform from LS Power. The acquisition will double NRG's generation capacity to 25 GW, adding modern, flexible natural gas assets. Vistra Corp. VST has executed a definitive agreement to acquire seven modern natural gas generation facilities, totaling nearly 2,600 MW of capacity, from Lotus Infrastructure Partners. The deal is expected to be closed in late 2025 or early 2026. The Zacks Consensus Estimate for Constellation Energy's 2025 and 2026 EPS indicates an increase of 9% and 22%, respectively. Image Source: Zacks Investment Research CEG is trading at a premium relative to the industry, with a forward 12-month price-to-earnings of 30.08X compared with the industry average of 20.72X. Image Source: Zacks Investment Research In the past six months, CEG's shares have risen 29.8% compared with the industry's 13.2% growth. Image Source: Zacks Investment Research CEG currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NRG Energy, Inc. (NRG) : Free Stock Analysis Report Constellation Energy Corporation (CEG) : Free Stock Analysis Report Vistra Corp. (VST) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Bloomberg
27-05-2025
- Business
- Bloomberg
Greece Hooks Up Undersea Power Link to Crete as Part of Mediterranean Grid Plans
ATHENS, Greece (AP) — Greece announced Monday it has completed the work on an undersea power cable link connecting the mainland to the island of Crete, a key step in its ambitious plan for a wider expansion of the grid in the Eastern Mediterranean that will eventually include Cyprus and Israel. The 1 billion euro ($1.14 billion) link spanning 330 kilometers (205 miles) was plugged in on Saturday and is expected to be fully operational this summer, Greece's grid operator said.
