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February 09, 2016 1:46 PM ET

Electric Utilities

Company Overview of STEAG GmbH

Company Overview

STEAG GmbH plans, constructs, and operates power plants and distributed energy facilities using fossil fuels (hard coal, natural gas, and refinery by-products) and renewable energy sources (biomass, biogas, mine gas, geothermal energy, and wind). It offers products and services in the areas of electricity and fuel marketing, operation and maintenance management, district heating, energy, carbon dioxide and approval management, operation and energy management system, technical, and communication engineering aspects. The company provides its services to energy utilities, municipal enterprises, and industrial and commercial businesses; and customers ranging from private individuals to large con...

Rüttenscheider Straße 1-3

Essen,  45128


Founded in 1937


49 201 801 00


49 201 801 6388

Key Executives for STEAG GmbH

Chairman of The Management Board and Head of Business Development & Power Business Line
Age: 50
Human Resources Director, Labor Relations Director and Member of Management Board
Age: 58
Deputy Department Head Risk Controlling
Age: 39
Head of Generation
Head of Corporate Communications
Compensation as of Fiscal Year 2015.

STEAG GmbH Key Developments

STEAG Reportedly Considering Offer For Vattenfall's German Lignite Assets

STEAG GmbH is considering submitting an offer to acquire lignite coal assets in eastern Germany of Vattenfall AB, newspapers Handelsblatt and Westdeutsche Allgemeine Zeitung reported. Handelsblatt's reported that STEAG has teamed up with Macquarie Group Limited (ASX:MQG) and the parties are examining the option for a joint bid. On November 10, 2015, STEAG informed its municipal owners about its interest in the assets, sources close to the company told Handelsblatt. Westdeutsche Allgemeine Zeitung reported that politicians and local trade union IGBCE are pushing for "a German decision" for the assets, with the participation of STEAG.

STEAG Reportedly Not In Talks To Buy The Lignite Assets Of Vattenfall

STEAG GmbH was interested in the lignite assets of Vattenfall AB. STEAG is reportedly not in talks to acquire such assets.

PNE Wind AG and STEAG GmbH Intend to Develop Wind Farm Projects Jointly in Turkey

PNE Wind AG and STEAG GmbH will found a joint company in which they intend to develop wind farm projects jointly in Turkey in the future. PNE Wind AG und STEAG GmbH will each hold 50% in the company. PNE Wind AG will contribute a number of wind farm projects in which wind energy systems with a nominal output of up to 700 MW can be installed, together with its know-how in project development. The projects currently in development are now being prepared by the joint company for the coming tendering round for wind farms in Turkey.

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