Oct 20, 2016

Exclusive: E.ON Faces New Record Loss in 2016 · Handelsblatt Global Edition

Germany’s largest utility, E.ON, will likely suffer another record loss in 2016 due to costs associated with the transition to renewable energy, according to Handelsblatt sources at the company. E.ON suffered a record loss of €7 billion ($7.7 billion) in 2015 as wholesale electricity prices plummeted due to a supply glut from the subsidization of wind and solar power. This year, E.ON faces...

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