31 Oct '13, 6pm

Major European Utility Set for Dramatic Renewable Energy Transformation

According to energycollective.com, the board of Germany's RWE (FWB: RWE ) agreed last month on the momentous change in strategy and the move is now being evaluated within the company at large as well as investors. A recent strategy paper gives further credence to the decision, as it proclaimed, "The massive erosion of wholesale prices caused by the growth of German photovoltaics constitutes a serious problem for RWE which may even threaten the company's survival.” RWE confirmed to website Energy Post that the new strategy has been discussed within the company and with investors. According to the documents, RWE wants to depart from its traditional developer and ownership roles of centralized power plants and instead help use its expertise to help manage and integrate renewables into the grid. "The guiding principle is ‘from volume to value' with technologies ranging from la...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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Major European Utility Set for Dramatic Renewab...

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According to energycollective.com, the board of Germany's RWE (FWB: RWE ) agreed last month on the momentous change in str...

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