Tag: After

Siemens Gamesa Has New Head After Terminating CEO

June 18, 2020
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The post Siemens Gamesa Has New Head After Terminating CEO appeared first on POWER Magazine.

Siemens Gamesa Renewable Energy (SGRE) has announced Andreas Nauen, who has led the growth of the company’s offshore wind power business, is taking over leadership of the company after the board of directors and CEO Markus Tacke “mutally agreed to terminate” Tacke’s contract.

SGRE made the announcement June 17, saying Nauen immediately will assume the top post. The news came as the company said it will incur “additional project costs” in the third quarter of this year, as the impact of the COVID-19 pandemic continues.

“We’d like to thank Markus Tacke for his work over the past three years and, in particular, for the integration of Siemens Wind Power and Gamesa in the course of the merger,” said Miguel Angel López, chairman of the board of Siemens Gamesa, in a statement. The company said it will appoint a new CEO for its offshore division to replace Nauen “in due course.”…

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Competitive Generators Look to the Supreme Court After Seventh Circuit Declines Rehearing on Nuclear Subsidies

October 12, 2018
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The Seventh Circuit Court of Appeals has declined to rehear a case that challenges nuclear subsidies in Illinois, effectively dealing a blow to a group of competitive generators, which have fought the measure for several years.

In an order issued on October 9, the appellate court said its full judicial panel had voted to deny a September 29–filed petition from the Electric Power Supply Association (EPSA), a national trade association representing independent power producers and marketers, that urged it to rehear a case challenging the state’s zero emissions credit (ZEC) program under the Illinois Future Energy Jobs Act. In its petition, the group argued that the court erred or overlooked significant aspects of its case when the court issuedits final judgment on September 13.

The court’s decision, which essentially left the door open for states to subsidize nuclear generation, was hailed as a victory for Exelon Corp., which lobbied for the measure to protect its financially flailing nuclear assets.…

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