E.ON Shutting 'Unprofitable' German Gas-Fired Plants

GALWAY, IRELAND--April 2, 2015 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) The rise of renewable energy and low wholesale electricity prices has forced E.ON AG (PINK:EONGY) (Dusseldorf, Germany) to announce the closure of two modern gas-fired plants in Irsching, Germany.

In recent weeks, Industrial Info reported on the possibility that E.ON would shut the plants due to their unprofitability.