Wednesday, December 3, 2014

Germany: largest company in the energy sector will focus entirely on renewables

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Germany is one of the pioneers when it comes to the use of renewable energy and now, the largest supplier of energy in the country, e.on, will sell energy from only renewable sources.

The company recently announced it will sell all its investments in conventional energy sources, such as coal, fossil fuels and nuclear power, to devote himself exclusively to renewable sources.

The decision is the result of two distinct models and radically different to the energy business that e.on wants to implement, writes the TreeHugger. This project includes the creation of a spin-off company that will maintain a minority share in the conventional energy business that will be sold. When the new model of renewable is affixed to the consolidated, the aim is to sell the remaining minority shares of the conventional energy business.

Foto: Dan Mihai/Creative Commons

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