Germany’s Biggest Energy Company Considers Fleeing Europe
British Energy Companies May Shut Down Power Plants To Receive Subsidies
By Guest Column Dr. Benny Peiser—— Bio and Archives--July 25, 2013
Global Warming-Energy-Environment | Comments | Back To Full Article
German utility E.ON is considering dismantling some European power plants that have been mothballed because of poor profitability and relocating them to faster-growing emerging markets such as Turkey, people familiar with the matter told The Wall Street Journal Wednesday. The radical idea underscores the dire situation facing many utilities in Europe, where the combination of weak energy demand caused by the economic crisis and the rapid expansion of renewable energy is undermining the conventional power-generation business. --Hendrik Varnholt and Jan Hromadko, The Wall Street Journal, 25 July 2013
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