Exclusive: E.On Not Selling U.S. Renewable Energy Business [UPDATE]
UPDATE: German power and gas utility E.On has no plans to sell its U.S. renewable energy business, E.On Climate & Renewables, which is headquartered in Chicago.
The market is too attractive to walk away from, says a company spokesman in an email to GER. He points out that E.On Climate & Renewables and E.On’s Midwest power business are two separate entities.
Below are highlights of the email we received from E.On:
There are definitively no plans to divest the [U.S.] wind business. Quite the contrary, we are currently very bullish about the future of wind and solar in the U.S. given President Obama’s new energy policy…
The E.On spokesman declined to comment on the reported sale of the U.S. regulated business.
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GER understands that E.On’s U.S. wind portfolio is not for sale. It is a separate business that operates as part of the company’s Chicago-based E.ON Climate & Renewables business and is not part of the company’s Midwest power utility business. We’ve called E.On and will post when we get an update. Read More »
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