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Saturday, March 17, 2018

German Minister Welcomes RWE's Stronger Position in Renewables

Maritime Activity Reports, Inc.

March 12, 2018

Germany's acting Finance Minister Peter Altmaier said on Monday that it was fundamentally positive that RWE would become a much stronger player in renewables after a planned carve up of Innogy with rival E.ON.

"That is a decision of both involved companies. The companies have recognised that the energy switch (from nuclear power) is pushing ahead," Altmaier told reporters before a meeting of euro zone finance ministers in Brussels.

"RWE will for the first time get a foothold in a bigger way in renewables. That is for me a fundamentally positive development," he continued, adding that the government would not seek to interfere in the decisions of companies.
Reporting by Philip Blenkinsop
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