Germany’s biggest utilities face dwindling market shares as the shift to renewable energy spurs regional power generation and storage technology, a senior member of Chancellor Angela Merkel’s party said.
RWE AG, the German utility that reported its first loss in at least 65 years last year, expects its earnings base to “largely stabilize” from 2015 as it takes steps to overcome revenue shortfalls caused by the country’s shift out of nuclear power.
Enel Green Power SpA, the clean energy company majority owned by Italy’s largest utility, sees Africa as “the next big place” for renewables as it seeks to expand in markets with faster growth in power demand.
KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, is seeking $2 billion for its second fund making infrastructure investments globally as it looks to profit from a void left by traditional lenders.
Mars Inc., which sells about $30 billion of deliciousness a year, is going green. Like St. Patricks Day in New York green. But don't worry: Your green M&Ms will cost not a penny more than the coal-colored ones