Bloomberg: German Chancellor Angela Merkels campaign to limit climate change with an energy system based on renewable sources is cutting into profits of companies that still provide 57 percent of the power that keeps Europes biggest economy humming.
The continents fivefold increase in solar and wind power in the past decade flooded electricity grids, displacing fossil fuels so fast that coal- and gas-dependent utility RWE AG lost money in 2013 for the first time since 1949. Earnings at European coal-fired...