鈥淩WE profits drop 13 percent as renewable shift takes toll鈥�
Reuters
German utility RWE saw a 13 percent earnings drop in the first nine months of the year, reflecting tough conditions in conventional power generation in Germany, reports Guy Chazan for the Financial Times. Earnings before interest, taxes, depreciation and amortisation stood at 3.8 billion euros, and RWE called the result 鈥渞espectable 鈥� in view of the difficult conditions.鈥� Both RWE and rival E.ON have responded to Germany鈥檚 shift to renewable energy by splitting themselves into two separate companies. RWE spun off its renewable and grid business into the subsidiary Innogy.
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Find background in the 威力彩玩法 factsheet RWE鈥檚 plans for new renewable subsidiary.
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