Solar Panels Cloud Energy Firms' Growth
From The Australian
RWE is Germany’s second-biggest energy utility. It earns more than $60 billion a year from the sale of electrons produced mostly from its remaining nuclear plants, coal and gas-fired generation and a little bit of wind.
But when new chief executive Peter Terium hosted his first annual profit announcement this week, it was clear what was top of his mind: the rise of solar PV (photovoltaic).
“Our core markets are changing remarkably fast,” he said.