E.ON Boosts Investment in Renewables as European Energy Market Continues to Show Weakness

SUGAR LAND--November 14, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--E.ON (Dusseldorf, Germany) reported sharp losses for the first nine months of 2014, weighed down by weak power prices across Europe and overwhelming political pressure to reduce the role of nuclear power. Still, the company sees a bright future in renewables and has been reaffirming its commitment with several high-profile projects. The company reported a net loss of 14 billion euros ($17.45 billion), compared with net gains of 2 billion euros ($2.49 billion) in the first nine months of 2013. Industrial Info is tracking almost $40 billion in active projects involving E.ON.

Within this article: Details on E.ON's quarter and projects, including the decommissioning and dismantlement of two nuclear power plants in Germany, and two major offshore windfarm projects.