Tuesday, July 15, 2008

EnBW to buy a quarter of EWE for 2 billion euros

German utility EnBW (Number 3 in Germany) agreed to buy 25 per cent of EWE for 2 billion euros ($3.2 billion). EWE is quite active in the renewable and distributed energy market .. as well as in the telecom business and software development (BTC). EWE and BTC both support the standards IEC 61850 and IEC 61400-25.

EWE and EnBW have said that the Information and Communication Technologies are the base of the future smart power systems!

Dr. Brinker (CEO of EWE) said: "... That includes in particular the combination of energy, telecommunications and information technology as a precondition for intelligent energy supplies in the future".

More to come.

Reuter's news report [de]
[de] EWE und EnBW beschließen Partnerschaft

No comments: