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Germany's utilities struggle to adapt to renewable revolution

2014-02-04 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: aced with a plunge in profits, Germany's power utilities are having to bend to the will of the government and join the renewable energy revolution, while smartening up on the retail front with new customer-friendly energy saving products. "The situation in the energy sector is miserable, in Germany and in the whole of Europe," Peter Terium, chief executive of RWE (GER:RWE), Germany's second-largest utility by market value, said at an industry conference last month. "We're all caught in the worst...

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