New Report Available: Rationale Behind RWE's Losses and Revival Strategy
For the first time in its 60 years of operation, the Germany-based European power giant Rheinisch-Westfalisches Elektrizitatswerk (RWE) has posted a net loss, amounting to EUR2.8 billion ($3.8 billion) for the fiscal year ended 2013. This can be attributed to impairment losses of EUR4.8 billion ($6.6 billion) following a drop in the value of its power plants. Increasing subsidies for renewable energy have posed a serious threat to coal and gas-fired power plants, leading to losses in profitability and applicability....
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