Bad News for E-ON

E.ON is one of the big German power companies. They decided to leave the Desertec industrial initiative, according to this article at WDR. Thanks to this Tweet by Heiko Stubner for the link.

Maybe they think that they still have a chance to make money with their conventional power stations. But those times are gone. Even without Desertec, renewable energy is eating their lunch.

The big energy companies in Germany need a new strategy. Desertec is one alternative for them.

They own 30 percent of the London Array, which is good news for them and for the climate. But they may fall back in the race for owning a piece of the Northern African desert energy infrastructure.

Published by kflenz

Professor at Aoyama Gakuin University, Tokyo. Author of Lenz Blog (since 2003, lenzblog.com).

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