“Buyers desperately needed”

The Energiewende deeply affected not only fossil power plant operators like RWE and the old E.ON, but also companies involved in their construction, such as Siemens and US-rival General Electric, reports Martin Wocher in business daily Handelsblatt. The latest example is Japanese Mitsubishi Hitachi Power Systems Europe (MHPSE), which is shedding more than a third of its 1,000 jobs in Duisburg. Within Germany, the business with fossil-generated power plants has almost ground to a halt, and foreign markets can’t compensate the loss. The company said in the press release announcing the cuts that through its strategy realignemt it aimed “to become a leading European company for CO2 emissions reductions in the field of power production”.

Find the article in German (behind paywall) here and MHPSE’s release here.