A nasty stasis in shares in E.ON, RWE and EDF. Read more
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You would think that a cut to future subsidies for solar power in Spain would have minimal impact on northern European wind developers. But renewables execs at a planning meeting for the Power and Renewables Summit 2011 looked almost traumatised by the events of last year. Read more
When Germany announced its plan to phase out nuclear power stations last month, shares in the big four German power companies rose. The agreement made with the German government would see Eon, RWE, EnBW and Vattenfall pay a nuclear-fuel rods tax of €2.3bn until 2016 – but the market had been expecting worse.
Today Moody’s has warned that the impact of the tax might yet force a downgrade of the companies’ credit ratings however. Read more