German energy giants E.On and RWE have reached an agreement on a major exchange of business activities, promising a significant shake-up of the duo’s energy interests.
Big energy utilities such as Eon and innogy are “changing the appearance” of the European solar market as they wade into the sector, a panel of industry leaders has concluded.
innogy, the renewables unit of RWE, made its debut on the stock exchange Friday — orchestrating the largest IPO in Germany since 2000.
RWE International SE (innogy), a leading European energy company, has signed a share purchase agreement to takeover the solar and energy storage business of Belectric.
Germany’s ‘big four’ utilities have all referred to the growing importance of renewable energy in their business models in reporting their latest financial results.