European business news in short

In this week’s European business news in short, a mega solar company is formed to take on the US, a French water company wins a €38 million contract, and a new electricity utility is to open in Madrid.

One of the world’s largest manufacturers of solar PV wafers, modules and panels, the RWE Group, will join forces with a major PV distributor, SCHOTT Glas, in a joint venture which is expected to increase the production of PV components in Germany and the US. The new venture will be know as RWE SCHOTT Solar.

In France, the Greater Angers municipality has awarded Ondeo Degrémont a €38 million contract for the modernisation of its Ile au Bourg water works. The project will provide installation of the company’s Cristal ultrafiltration process to produce 120,000 cubic metres of drinking water per day.

Finally, the German electricity utility Elektrizitäts-Gesellschaft Laufenburg (EGL) has announced that its new subsidiary, EGL España, will be opening for business in Madrid at the beginning of May. The new company will specialise in trading on the Madrid power exchange and the sale of energy to bulk users.

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