Innogy to push windfarms, electric car charging in U.S.: paper
- Wall Street surges to new highs; transports set record
- lululemon athletica (LULU) Tops Q3 EPS by 4c; Adj.-Comps Outpaced Views
- Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
- Costco Wholesale (COST) Tops Q1 EPS by 5c; Comps Up 1%, 2% Ex-Gas
- After-Hours Stock Movers 12/07: (VYGR) (LULU) (HRB( Higher; (OHRP) (VRNT) (CMTL) Lower (more...)
Peter Terium, chief executive of German power supplier RWE and Carsten Kengeter (L), CEO of Deutsche Boerse pose with a bull, symbol of successful burse trading, before the first trading day of shares of RWE's new ecological daughter Innogy at the stock e
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
FRANKFURT (Reuters) - Innogy
"We want to invest around 6.5 billion euros between 2016 and 2018," Chief Executive Peter Terium told the paper, adding that investments will include grid networks and infrastructure but also wind farms in Germany, Poland, the Netherlands and electric car charging stations in the United States.
Innogy, which was spun off from German energy utility RWE with a stock market listing this week, sees an opportunity to push electric car charging stations thanks to regulatory backing.
"Three weeks ago we persuaded Californian authorities to accept the German norms and standards for electric car charging stations," Terium said, adding that this may provide an opportunity to partner with German carmakers to help them expand electric car sales in the United States.
In May, Reuters reported that RWE was on the lookout for partnerships with auto makers in the area of electric cars.
Innogy has already installed more than 3,100 electric car charging stations in Germany.
(Reporting by Edward Taylor; editing by Susan Thomas)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Japan's Abe may not be first sitting PM to visit Pearl Harbor: spokesman
- Philippines' Duterte says no plot to unseat vice president
- Quake of magnitude 6.2 strikes China's Xinjiang, no reports of casualties
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!