RWE set to shut power stations as energy profits fall
Germany’s push for renewable energy is having an effect on the established central generators
Further evidence in the Pink ‘Un as to the disruptive effect Germany’s push for renewable energy is having on the established central generators. RWE, once considered one of the safest of utility stocks, is now running itself down, reducing investment and conceding that plans for revenue growth will never happen under the current business model.
The trend for localised, self generation of electricity is now well entrenched in Germany, the UK is probably three years away from seeing the same seismic changes in the energy supply structure.
If you feel that your business should be ahead of this curve, it’ll cost nothing to talk to us.
http://www.ft.com/cms/s/0/2e2d2626-2377-11e4-8e29-00144feabdc0.html?siteedition=uk#axzz3AAvxNKMh