Utilities Risk Becoming The Dinosaurs

Reuters is a well known multinational news agency,
. . . not exactly known as a political radical.
But Reuters delved into the threat renewable energy
. . . is providing to utility company profits.

Example: "Every new solar panel installed on European rooftops
. . . chips away at power utilities’ centralized production model.
Unless they reinvent themselves soon,
. . . these giants risk becoming the dinosaurs of the energy market.
The industry faces drastic change
. . . as renewable energy turns consumers into producers and
. . . hollows out the dominance of utilities.
With their stocks at decade lows and
. . . a millstone of debt around their necks,
. . . Europe’s utilities have little margin for error."

A gigawatt roughly corresponds to the capacity of one nuclear plant.
. . . In Germany, of 71 gigawatts of renewable energy capacity
. . . installed at the end of 2011,
. . . the 4 utilities owned just 7%.

Source:  cleantechnica  Reuters  Germany