RWE records drop in earnings as fossil fuels hit by renewables

Jessica Shankleman
clock •

'Conventional power plants are losing ground,' says chief executive Peter Terium

RWE is continuing to mothball fossil fuel power plants as they face growing competition from renewable energy sources such as wind and solar panels, the German energy giant confirmed in its half-year results...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Jessica Shankleman
Author spotlight

Jessica Shankleman

View profile
More from Jessica Shankleman

BusinessGreen's most read stories of 2015

Government revs up another £400m for plug-in car grants

More on Investment

HSBC shareholders urge bank to reaffirm net zero commitment
Investment

HSBC shareholders urge bank to reaffirm net zero commitment

Investors managing £1.2tr in assets sign statement to be read at HSBC’s AGM today warning that weakening its climate policies would put it 'out of step' with other European financial firms

Michael Holder
Michael Holder
clock 02 May 2025 • 5 min read
FSC and Mirova team up to channel funds into 'critical line of defence against climate change'
Investment

FSC and Mirova team up to channel funds into 'critical line of defence against climate change'

Forest Stewardship Council and B Corp asset manager announce new partnership to better align investments with responsible forest management

Stuart Stone
Stuart Stone
clock 29 April 2025 • 2 min read
RLAM adopts 'sustainability focus' label across £11bn investment portfolio range
Investment

RLAM adopts 'sustainability focus' label across £11bn investment portfolio range

Royal London Asset Management said the label would give 'reassurance to clients regarding he high standards of sustainability practices embedded in our funds'

Cristian Angeloni
Cristian Angeloni
clock 25 April 2025 • 1 min read