E.ON brand turns its back on fossil fuels
E.ON, Germany’s largest utility, has announced plans to spin off its thermal power generation assets, in an attempt to adapt to the changing dynamics of the country’s electricity landscape. The restructure will see its fossil fuel generating assets spun off into a new public company in 2016, with the remaining company focusing on renewable energy, distribution and direct services to household and commercial consumers.
Source: PV-Magazine
Date: December 2014
Related Articles
Oslo votes to slash emissions 95% by 2030
Oslo city council will ban cars from its city centre by 2019 as it seeks to meet a new goal
Utilities face significant revenue losses from growth of solar, storage and energy efficiency, Accenture research shows
Continued growth of distributed energy resources and energy efficiency measures could cause significant demand disruption and drive down utilities’ revenues
Lloyd’s of London to divest from coal over climate change
Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to