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Germany’S Utilities Pinched By Renewables
Views: 1578
May 12 2015 11:10 PM | eds in Economy & Politics
North Rhine-Westphalia, the German state,
. . . that’s home to utilities RWE AG and EON SE,
. . . is losing its standing as the country’s powerhouse,
. . . as wind and solar energy begin to displace conventional sources.
In one of the most ambitious political undertakings of a modern industrial economy,
. . . Germany is shutting down all its nuclear power plants by 2022.
The country has already managed to increase,
. . . its share of renewable power for electricity to about 28%.
EON, which reported a record annual loss on March 11,
. . . cut 26,000 jobs in the 4 years through 2014,
. . . as it sold assets for more than 20 billion euros,
. . . has split itself in two, and spin off fossil-fuel power plants to focus on renewables,
. . . as it tries to regain ground lost to green-energy competitors.
05-12-2015 Source: Germany’s utilities pinched by renewables
. . . that’s home to utilities RWE AG and EON SE,
. . . is losing its standing as the country’s powerhouse,
. . . as wind and solar energy begin to displace conventional sources.
In one of the most ambitious political undertakings of a modern industrial economy,
. . . Germany is shutting down all its nuclear power plants by 2022.
The country has already managed to increase,
. . . its share of renewable power for electricity to about 28%.
EON, which reported a record annual loss on March 11,
. . . cut 26,000 jobs in the 4 years through 2014,
. . . as it sold assets for more than 20 billion euros,
. . . has split itself in two, and spin off fossil-fuel power plants to focus on renewables,
. . . as it tries to regain ground lost to green-energy competitors.
05-12-2015 Source: Germany’s utilities pinched by renewables
