The European Commission has approved the transaction between RWE and E.On, paving the way for the former to become one of Europe’s mainstays in renewable power generation.
Innogy said it was seeking closure on the “unusual situation” of being in the middle of the RWE/E.On asset swap, while its npower retail division continued to suffer at the hands of a “persistently poor” UK market.
E.On has reported strong performance from its renewables and networks divisions, but cited “unrelentingly fierce competition” in European supply markets for sliding returns from its solutions arm.
Maturation within the UK’s electric vehicle charging and energy sphere is starting to accelerate, driven by new partnerships and increasingly innovative offerings.
