30 May '16, 8am

Germany’s major utilities playing catch-up in energy transition, solar and storage industries say https://t.co/68pXTdc5fo

Italy's Enel was cited as an example of nimble movement into new markets and business models by a big utility player. Image: Enel. Germany’s four main utilities are still playing catch-up in their efforts to make renewables a more central part of their strategies, solar and energy storage industry commentators have said. E.On, RWE, Vattenfall and EnBW, which between them make up about two thirds of Germany’s utility power market all said in their Q1 2016 financial results last week that renewable energy is a bigger portion of their business than ever. Each also reported drops in revenues from their conventional power generation businesses. E.On and RWE are both close to €30 billion (US$34 million) in debt, with the former saying 2016 will be a transformative year for the company which split into two separate arms in 2015, one for conventional generation and the other for r...

Full article: http://www.pv-tech.org/news/germanys-major-utilities-play...

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