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GDF Suez Earnings: Utility Takes $20.4 Billion Write-Down
Keywords:
France's GDF Suez takes a $20.4 billion writedown. The European power generation industry is taking large losses as a result of the growth in wind and solar energy.
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GDF Suez Earnings: Utility Takes $20.4 Billion Write-Down
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GDF Suez Earnings: Utility Takes $20.4 Billion Write-Down
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GDF Suez Earnings: Utility Takes $20.4 Billion Write-Down
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Germany's RWE AG and E.On power companies and the unprofitable plants in the natural gas power generation business
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Higher prices for natural gas in Germany compared to the U.S. makes gas powered plants for power generation in Europe unprofitable. The need for backup supply to renewable sources of power is threatened as companies close large power plants, which need to operate at higher capacity to be profitable. Efforts by the German government and the new energy minister Sigmar Gabriel in 2014 to provide government assistance.
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Germany Promises Energy Shake-Up
Wall Street Journal 01/22/2014
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Grouped Articles
Germany Promises Energy Shake-Up
Wall Street Journal 01/22/2014
GDF Suez Earnings: Utility Takes $20.4 Billion Write-Down
Wall Street Journal 02/28/2014
Investors Cheer E.ON’s Plan to Split Itself
Wall Street Journal 12/02/2014
With Spinoff, German Utility E.On to Focus on Renewable Energy
New York Times 12/01/2014
Germany’s Top Power Utilities Face Dimmer Prospects
Wall Street Journal 03/13/2015
European Utilities Can’t Rely on Hot Air
Wall Street Journal 04/20/2015
Germany's power generation industry
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Grouped Articles
Germany Promises Energy Shake-Up
Wall Street Journal 01/22/2014
GDF Suez Earnings: Utility Takes $20.4 Billion Write-Down
Wall Street Journal 02/28/2014
Germany’s Top Power Utilities Face Dimmer Prospects
Wall Street Journal 03/13/2015
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