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Big utilities shunned green energy at their peril: Greenpeace

2014-02-27 00:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Europe's 10 biggest utilities, produce more than half of Europe's power, but only a tiny percentage is from the new green energy sources that could revive their profits, a report from campaign group Greenpeace said on Thursday. Traditionally profitable utility companies have been hurt by an EU-wide shift towards renewable power that has created pro-sumers - or consumers with their own sources, such as solar panels, which enable them to sell back power to the grid. While the uptake in renewables...

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