News Digest Item
19 Jul 2018

Shake-up of German energy industry proceeds after agreements are reached

Reuters

An asset swap deal between German utilities E.ON and RWE took a step forward after energy corporation innogy reached agreements with the two companies "for a fair integration process," Reuters reports. innogy will no longer be an independently listed company once the transaction is completed, according to the article. "The agreements with E.ON and RWE lay the groundwork for a fair integration process on equal terms and thus for constructive collaboration in the future. Considering the fact that innogy is being taken over, we negotiated the best possible deal for our employees," innogy CEO Uwe Tigges said in a statement.

Graph depicting the split-up of German renewable energy company innogy between RWE and E.ON. Source - Clean Energy Wire 2018

Read the article in English here and a press release from innogy in English here.              

For background, read the CLEW article RWE and E.ON overhaul power sector - German reactions to innogy deal, the dossier Utilities and the energy transition and the factsheet Germany’s largest utilities at a glance.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee